Wealthy people have always had a louder voice, but Trump’s new allies represent the starkest consolidation of wealth in US politics in recent memory

President Donald Trump’s rise is not an anomaly – he is the product of forces set in motion 50 years ago, driven by massive deregulation and key Supreme Court decisions that dismantled a century of safeguards against corporate political spending,

President Joe Biden warned Americans of an "oligarchy" on the rise just five days before President-elect Donald Trump returns to the office.

"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead," he said Wednesday night. President Joe Biden ...

Last Wednesday, during former President Joe Biden's farewell address, he warned that the U.S. could become an "oligarchy." Here's what it means

WASHINGTON (AP) — President Joe Biden in his Wednesday farewell speech to the nation warned that American democracy was sliding into an “oligarchy” of tech billionaires. But what exactly is an oligarchy? In short, an oligarchy is an elite few who ...

At President Trump's inauguration, three of the wealthiest people sat front-row. Days prior, former President Biden warned of an oligarchy forming.

For decades the powerful have produced discord, distrust and failures both at home and abroad.

Several of the tech moguls also joined a small prayer service this morning at St. John’s Episcopal Church. Later, they blended in with the Trump clan directly behind the incoming president as he officially assumed power just after noon,

Opinion: It is hard to overstate what a humiliation the launch of the Chinese AI model Deepseek-R1 is for US tech The post Why America’s tech oligarchy is in shambles appeared first on Newsroom.

Multiple countries, including New Zealand and Australia, are trying to use tax and competition rules to stem the growing power of big tech.

As the 2024 presidential race entered its final stretch, the nation’s richest tech leaders gravitated toward Trump’s side.