Oligarchy is worse than you think

I want to tell you a story. Miami, 1973. An executive from a bank in the Bahamas is flying in to go on a date.

Wait, actually, I'm going to let Adam tell the Miami story. Adam is my producer, who, a few months ago, I asked to look into the word ‘oligarchy.’

This concept that I hear about a lot lately, but I don't really understand what it means. And we've been talking. A lot.

Good afternoon, Adam. Why don't you take me through where you're at. - Maybe what this project really is, is us weekly checking in about rich people for the rest of our lives.

- Could be. Do you mind if I burn some Saudi incense while we talk? - What. We'll obviously sort of figure out what, like...

are you just eating a bell pepper whole? - Yeah.

- [Adam] Miami, 1973. So this guy is the VP of a bank in the Bahamas, and he is in town on business.

And while he's there, he has a date with this young woman. - [Johnny] Okay. - [Adam] The woman picks him up at the airport for dinner, but first they make a stop at her apartment where he leaves his briefcase.

And what the man doesn't know is that the woman is a private investigator. And the friend who set them up is an informant for the IRS, the US's tax collection agency.

He's an informant for a division of the IRS that back then was called the Intelligence Unit. - [Johnny] Nice.

- [Adam So they get back in the car, they continue on to dinner, and the friend who set them up, the informant, he enters the woman's apartment, takes the briefcase, and brings it to some IRS agents and they start to photograph everything inside the briefcase.

Once they're done, they put everything back, they send the informant back to the apartment with the briefcase.