Is America in a New Gilded Age? Wealth, Power, and Democracy | CBS Reports

When tech billionaires were given a front row-seat at the latest presidential inauguration — and the world's richest man gained unprecedented power over federal agencies — questions about the growing influence of today's tycoons took center stage. Is America in a new Gilded Age, or is this just the latest chapter in its struggle to balance wealth, power and democracy? Editor’s Note: Around the 8:11 mark in the video, Professor Jessica Flanigan of the University of Richmond is briefly mislabeled. Her correct name and title appear shortly afterward. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries. Subscribe to the CBS News YouTube channel:    / cbsnews   Watch CBS News: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow CBS News on Instagram:   / cbsnews   Like CBS News on Facebook:   / cbsnews   Follow CBS News on X: https://x.com/cbsnews Subscribe to our newsletters: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-0... For video licensing inquiries, contact: [email protected]