Question

Do you think today is another Gilded age?

Answer 1

The gilded age time is known as a time where the economy of the USA and its population grew with faster rate and it was the time full of political corruption, speculation and moral hazards in the banking & financial market and concentration of wealth into fewer people than the majority of the population. This time was basically between 1870 and the world war-1.
Though, today’s time is not a gilded age time as there is a far superior and proactive regulatory framework that can control corruption either in the political system or in the corporate and institutions. Besides, the media is very independent and can bring movement to eradicate the corrupt practices. Financial markets suffered in recent times, due to the misuse of deregulation and speculative investments. But, there are agencies and their laws in place to prevent such crisis in the future. Globalization is also playing a role to play in economic development, today as it was not there at the time of the gilded age. So, it can be said that today is not a gilded age time.