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Why America Hates the Billionaire Barons of Big Tech

Robert Reich · 22 Oct 2026

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Robert Reich did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    The billionaires of Big Tech are corrupting American democracy as the robber barons did in the first Gilded Age.

    Their wordsToday’s second Gilded Age is led by the billionaire barons of Big Tech, who are similarly living like kings while corrupting our democracy.

  2. Our reading

    Big Tech’s AI investment is the largest gamble with the US economy since the 2008 financial crisis.

    Their wordsThe billionaire barons are thereby exposing the U.S. economy to the largest gamble since Wall Street’s wanton betting led to the 2008 financial crisis

  3. Our reading

    AI data centres are hastening climate change.

    Their wordsThe barons are also hastening climate change through the data centers’ exponential energy and water demands, along with the expansion and resurrection of fossil fuel infrastructure to power AI.

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