{"id":90103,"date":"2013-05-14T20:33:27","date_gmt":"2013-05-15T02:33:27","guid":{"rendered":"http:\/\/dyspepsiageneration.com\/?p=90103"},"modified":"2013-05-14T20:33:27","modified_gmt":"2013-05-15T02:33:27","slug":"americas-new-oligarchs","status":"publish","type":"post","link":"https:\/\/dyspepsiageneration.com\/?p=90103","title":{"rendered":"America&#8217;s New Oligarchs"},"content":{"rendered":"<p><a href=\"http:\/\/www.newgeography.com\/content\/003702-america-s-new-oligarchs-fwdus-and-silicon-valley-s-shady-1-percenters\" target=\"_blank\">Read it.<\/a><\/p>\n<blockquote><p>A new, and potentially dominant, ruling class is rising. Today\u2019s tech moguls don\u2019t employ many Americans, they don\u2019t pay very much in taxes or tend to share much of their wealth, and they live in a separate world that few of us could ever hope to enter. But while spending millions bending the political process to pad their bottom lines, they\u2019ve remained far more popular than past plutocrats, with 72 percent of Americans expressing positive feelings for the industry, compared to 30 percent for banking and 20 percent for oil and gas.<\/p>\n<p>&#8230;<\/p>\n<p>Perversely, the small number of jobs\u2014mostly clustered in Silicon Valley\u2014created by tech companies has helped its moguls avoid public scrutiny. Google employs 50,000, Facebook 4,600, and Twitter less than 1,000 domestic workers. In contrast, GM employs 200,000, Ford 164,000, and Exxon over 100,000. Put another way, Google, with a market cap of $215 billion, is about five times larger than GM yet has just one fourth as many workers.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Read it. A new, and potentially dominant, ruling class is rising. Today\u2019s tech moguls don\u2019t employ many Americans, they don\u2019t pay very much in taxes or tend to share much of their wealth, and they live in a separate world that few of us could ever hope to enter. But while spending millions bending the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-90103","post","type-post","status-publish","format-standard","hentry","category-think-about-it"],"_links":{"self":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/90103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90103"}],"version-history":[{"count":2,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/90103\/revisions"}],"predecessor-version":[{"id":90105,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/90103\/revisions\/90105"}],"wp:attachment":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}