Something remarkable happened in Britain last month, though it largely went unnoticed. The left-leaning Guardian newspaper and the libertarian Financial Times carried opinion pieces, within days of each other, covering the same topic and making more or less the same argument: The recent rise in income inequality has been caused, in part, by the growth of “monopoly profits,” specifically monopoly profits said to be earned in the technology sector.
Here’s How the Backlash Against Tech Billionaires Will Play Out
Peter Thiel, meet John D. Rockefeller.
June 24, 2016