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#gildedage — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #gildedage, aggregated by home.social.

  1. #DemocraticSocialism Is the Compromise Position

    Given our scale of #inequality, the #egalitarian reforms of democratic socialism are only the start of what we should strive for.

    Kyle Schmidlin, Jul 31, 2026

    Excerpt: "Reforming the #SecondGildedAge

    "Whether or not one agrees with such ideas, it’s a discussion that free people are within their rights to have. Though we often treat #capitalism as a national religion, there’s nothing sacred about it. Even the US Constitution is surprisingly agnostic on questions of economic organization. It’s not encoded in our DNA—in fact, we are much more naturally inclined toward cooperation than competition. Humans have a virtually infinite number of ways we can arrange society, and we are in desperate need of rethinking ours.

    "Because for the last few decades, the American economy has grown ever more off-balance, to the point where many analysts now say we’re in a second #GildedAge. We recently minted the world’s first trillionaire, while about half of us would be wiped out by any major illness, accident, or job loss. Workers have lost power, essentials like housing and healthcare are increasingly out of reach, and practically all the gains of our productivity have been accumulated at the very top, with #corporations posting record profits. #Billionaires are multiplying their wealth faster than ever, building anti-revolution doomsday bunkers, and plotting to rule their own fiefdoms as #CEOKings.

    "We live in a society that’s obsessed with law and order for things like #shoplifting or overstaying a visa, but largely looks the other way on #CorporateCrimes like #pollution, #WageTheft, and #fraud—not to mention #WarCrimes and #genocide. The president is a convicted felon who wants you to ignore his decades-long friendship with a child sex trafficker and instead fear and hate the immigrant next door.

    "In such a system, elites should feel relieved that people are only demanding, say, a few public options for groceries, rather than revolting. The wealthy surely all took note of the public reaction to #LuigiMangione, who is accused of murdering United Healthcare CEO Brian Thompson on the streets of New York City. Mangione became a cultural icon who was openly celebrated in many circles, making clear the rage simmering within America’s dispossessed.

    "There’s a reason the progressive California Rep. #RoKhanna refers to a tax on wealth as an #AntiRevolution tax, or an attempt to save capitalism from itself. Progressive Democrats like Khanna often mediate between capitalist centers of power and the party’s left-wing base, who largely feel fed up with the party’s incremental approach of making small tweaks here and there. Democratic socialism, as practiced in today’s America, is still essentially incrementalism, but they’re much bigger increments.

    "Such a model works well in places like #Finland, #Iceland, and #Denmark. These countries have high taxes, but they get far more out of them than we do. As a result they are consistently ranked as the happiest countries on Earth, with excellent numbers for education, homelessness, poverty, healthcare, life expectancy, and infant mortality—all areas in which the US, with its profit-first approach to every problem, is lagging behind.

    "#HighTaxes and a mixed economy also once worked well in the #UnitedStates. We dug ourselves out of the #GreatDepression with the #NewDeal. Government programs brought electricity to rural areas and established safety nets and Social Security. Our middle class boomed after World War II, when taxes were the highest they’ve ever been.

    "#Republicans and #BigBusiness called that #socialism, too. They even conspired to overthrow President Franklin D. Roosevelt. Now, faced with another socialist menace, they’re playing just as dirty."

    Read more:
    commondreams.org/opinion/democ

    #TaxTheRich #WealthTax #DSA #RedScare #USPol #WorldPol #CorporateColonialism #EpsteinClass

  2. #Greed and the #GildedAge: Power, Wealth, and Corruption in 19th-Century America

    Examining Wealth, Corruption, and Social Change in the Gilded Age

    November 16, 2021

    Excerpt: "From the 1870s to the 1890s, the United States entered a period of rapid #industrialization. There was a shift from an agrarian economy to an industrial economy and many Americans began to move to urban areas. #MarkTwain called this period the Gilded Age and criticized the era as a time of #greed and #PoliticalCorruption.

    Industrialization greatly increased the need for workers in the nation’s factories. The availability of factory jobs that required little or no skills was one of the reasons for a dramatic increase in immigration to the United States. Although working conditions in most factories were poor and unsafe, there was a steady stream of immigrant workers to fill the positions.

    While there were millions of factory workers, the #wealthy #entrepreneurs who owned the factories represented a tiny fraction of Americans. The few wealthy controlled most of the wealth in the United States during this time.

    During the Gilded Age, the economic disparities between the workers and big business owners grew exponentially. Workers continued to endure low wages and dangerous working conditions in order to make a living. #BigBusiness owners, however, enjoyed #lavish lifestyles.

    he industrialization of the United States brought economic growth to the country like never before. The economy moved from agrarian to industrial; consumer goods were mass-produced and readily available. However, manufacturing was not the only industry that experienced growth. The railroad industry grew as the need to transport people and goods increased.

    The rapid growth of the manufacturing industry created a great need for unskilled workers. This demand caused migration as farm workers moved from rural areas of the United States to find jobs in America’s rapidly growing cities. The increase in jobs was also a draw for people in foreign countries. Many people immigrated to the United States in search of work and the opportunity to live the American dream.

    While industrialization led to an increase in jobs, it also led to poor working conditions for this new industrial labor force. Workers were forced to work in dangerous conditions surrounded by heavy machinery. Unskilled laborers required little training and completed routine tasks. They also worked long hours and were paid low wages.

    Big business owners benefitted tremendously from the economic changes in the United States. Some historians have said that these entrepreneurs were robber barons because they got rich through ruthless means. Others have called them captains of industry because they were greatly responsible for increasing productivity, expanding markets, providing jobs, and increasing the nation’s wealth."

    Read more:
    brewminate.com/greed-and-the-g

    #Capitalism #CapitalismSucks #CorporateColonialism #IndustrialAge #RobberBarrons #TechBros #EatTheRich #YeetTheRich #LifestylesOfTheRichAndFamous