America’s Plutocrats Are Derailing Democracy: Adrian Wooldridge

Billionaires have not been so reviled in the US since the Gilded Age. President Joe Biden used his farewell presidential address to declare the “ultra wealthy” a threat to America’s constitutional order. The mayor of New York, Zohran Mamdani, a city with the world’s largest concentration of millionaires, says that they should not exist at all. The Jeffrey Epstein files now being released by the Department of Justice are inevitably adding fuel to this fire. Epstein’s world might be dismissed as a populist caricature if it were not so horrifically true: a private island devoted to debauchery; billionaires holidaying with ...