How the 1970s Deregulation Era Widened America's Wealth Gap

Big companies have become too powerful since the 1970s when the U.S. stopped enforcing laws intended to prevent monopolies. Now, the gap between the rich and poor is as wide as it was during the Gilded Age of the late 1800s. State and local authorities might be our best hope for fighting back.

For more stories like this, subscribe to @NowThisImpact.

#Monopoly #GildedAge #Politics #News #NowThis

Connect with NowThis

NowThis is your premier media outlet providing you with all the content you need to stay up to date. We’re delivering all you need to know straight to your social feeds. We live where you live.

@nowthisimpact

[dieterjacobs]

And we just elected a pro corporate, anti regulation president, House and Well done America

[President_Zeus]

50% profit margin is all you need to know that not all industries should be taxed equally.

[davidbrown]

Josh hawley voted against forcing credit card companies to lower interest rates.

[northernskys]

90% of America's Corporate Media is owned by just 6 corporations, run by 270 executives, for their owners, 15 Billionaires. 1, 500 Newspapers, 1, 100 magazines, 9, 000 Radio Stations, 1, 500 TV Stations, 2, 400 Publishers. Affecting what 270 million Americans listen to, read, and watch, every day.

[shadowsonicsilver]

McCarthyism will forever be the nail in the coffin for the US

[BDazzle-ik]

100 years later, history is about to repeat itself...

[georgejones]

Isn’t that the guy who was running away from the January 6th tourists?

[WarnTwice]

It's going to get much, much worse. Be prepared.

[MarieNoel_]

Yep but there are people out there petitioning against democracy, further supporting a corporate ran America. I think it's important to keep an eye on our government.

[kasondaleigh]

Workers are just slaves without the chains.

[factsonly]

So why don’t they do something about it? It’s all a show for these senators to justify their salaries and benefits, free healthcare and insider’s information on stocks. The more I see of this the more pathetic it gets.

[lindsayleiter]

I'm proud of Tulsa, OK. Walmart doesn't have a foothold here. Reasors and other grocery stores have fared better. Awesome, considering that Bentonville is 2 hours away.

[kaylynnanson]

This is proof history doesn't stick for a lot of us.

[kimberleyhosmer]

And this, boys and girls is why
LOCAL POLITICS MATTER!!!

[haveagreatday]

They need to address this with power companies. Here in AZ it’s nuts!! My bill is $550+ a month. They can charge whatever they want.

[TheTerminator-]

I've never heard anyone speak sentences without a space between the words.
I had to check my playback speed (it was normal speed).
Most amazing is that she can breathe while talking like that.

[patwick]

My most recent favorite sentence of the year, America isnt Country of the Free its a Country of the Greed

[Carmelita-st]

I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

[bdpage]

Regulation is necessary evil. Greed is too easy to succumb for most folks.

[uradouche]

Im glad that the orange stain is going to give them all huge tax breaks!