Facebook. Google. Zynga. They think they are the saints of American capitalism. But they’re really the successors to the Big Money magnets of the Gilded Age.

Silicon Valley likes to think of itself as morally exceptional. When Google went public in 2004, the Internet search company’s wunderkind founders, Larry Page and Sergey Brin, penned a letter to prospective shareholders that has become the Internet industry’s version of the Magna Carta. In it, they pledged that Google was “not a conventional company” but one focused on “making the world a better place.”

Full story at The Daily Beast