"The robber barons of the nineteenth century are disparaged today for their greed and power. But Amazon, Facebook and Google operate virtual monopolies, the influence of which exceeds the oil, rail, steel, and banking trusts of the Gilded Age. The chief difference is that companies like Amazon, Google, Facebook, or Apple are worth more in inflation-adjusted dollars than were Standard Oil or U.S. Steel, and their global reach now affects 6 billion people, not a continent of 60 million." Victor Davis Hanson
Thursday, March 22, 2018
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