Modern oligarchs like Musk, Bezos, Gates, and Zuckerberg are exactly like medieval lords. The top 1% controls all resources, and it is almost impossible to buy an apartment today. We own nothing and just pay rent or subscribe to their platforms. These billionaires have total power to fire thousands of workers anytime and buy politicians for their own interest. They say they work for humanity, but it is just fake marketing. For example, they are silent on wars in Palestine and Ukraine. Majority of ordinary people and developers are too naive. They believe these lies and fail to see the real system
I disagree.
The American government created a lot of various incentives to encourage ownership to a greater percentage of citizens compared to other countries at the time, including giving out free land, building infrastructure to develop new land, and creating programs which put people into homes that they owned.
That government support in young adults to establish themselves economically has significantly shrunk over the past generation. We’ve also seen an increasingly divergent economy where the split between haves and have nots have only gotten bigger.
A working class American in 1950 could claim that they were better off economically than the rest of the world and be right. That claim is no longer valid.