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economist.com

Source: economist.com

19th-century plutocrats like Rockefeller and Carnegie were dinosaurs, but today's tech billionaires have turned the world into Jurassic Park by resurrecting them through AI.
AI isn't just automating jobs—it's reviving the extreme wealth concentration of the Gilded Age, with top 1% capturing most gains.
To avoid dystopia, tax wealth hoarders and spread AI's benefits, or risk neo-feudalism.

The piece argues that if Gilded Age tycoons were dinosaurs, we're now in Jurassic Park because AI is bringing back their era of obscene wealth inequality. It warns that unchecked tech billionaires could lock in a new aristocracy. This matters because AI's promise of abundance risks delivering only to the ultra-rich unless we act fast.