The new administration has empowered a handful of extremely rich people to exert disproportionate influence over the government. There’s a word for that.

Trump set himself above the bank and energy executives on the panel, who groveled, flattered and praised him. But like every dictator, he speaks not only for himself but for a social class.

Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on ...