The vastly inflated valuations of Big Tech have also, Galloway says, made it easier to become a billionaire than a millionaire. The obsession with not just money, but with enormous sums of it, has distorted the economy by squeezing out middle-class aspirants and wealth creators in favour of market manipulators and socially dysfunctional coders (that last bit is me, not Galloway). “The data’s overwhelming – in the last 30 years the top 1 per cent have increased their share of wealth by a third. And people under the age of 40 in the lower 50 per cent have seen their share of wealth cut in half.”
I think the problem facing this country today is how timorous, credulous, and servile so many of our citizens have become.