Wealth Creation and Preservation: Bill Moyers “The New Robber Barons”

What happened in Washington in 2014 sounds strikingly familiar to the First Gilded Age more than a century ago, when senators and representatives were owned by Wall Street and big business. Then, as now, those who footed the bill for political campaigns were richly rewarded with favorable laws.

Bill’s guest this week, historian Steve Fraser, says what was different about the First Gilded Age was that people rose in rebellion against the powers that be. Today we do not see “that enormous resistance,” but he concludes, “people are increasingly fed up… their voices are not being heard. And I think that can only go on for so long without there being more and more outbreaks of what used to be called class struggle, class warfare.”