Democracy is dead: Elon Musk becomes world’s first TRILLIONAIRE with SpaceX IPO

Elon Musk has become the world's first trillionaire, with the IPO of his company SpaceX. He is a symbol of how the United States has become an oligarchy, where elections are bought by rich elites and large corporations, and extreme wealth is concentrated in a few hands. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=Dj-hd3l4dSo Topics 0:00 Elon Musk, world's first trillionaire 0:50 Oligarchy 1:54 SpaceX IPO 3:06 SpaceX is losing lots of money 4:13 Wall Street changes the rules 5:39 Trump coin pump and dump 6:14 Reasons to avoid SpaceX 7:04 Musk: symbol of US oligarchy 8:45 Wealth concentration 9:55 Gilded Age & robber barons 11:13 Money wins US elections 13:06 Elon Musk funded Trump 14:52 Larry Ellison buys up media 17:14 Capitalist class 18:19 Progressive Era 19:27 Great Depression & New Deal 20:08 Golden Age of capitalism 20:59 Tax rates 22:08 Tax burden shifts onto workers 23:24 Billionaires avoid taxes 24:34 Neoliberalism 25:18 Financial crisis & QE 26:54 Neofeudalism / technofeudalism 28:27 Artificial intelligence (AI) 29:24 Universal basic income (UBI) 30:50 Nationalize Big Tech 33:04 China's alternative 33:58 Outro