The article draws a comparison between the industrial fortunes of the late 19th century in the United States and the technological wealth of today, suggesting that contemporary tech magnates are creating monopolistic practices similar to those of the past. It mentions the historical context of the 'Golden Age' in which massive industrial fortunes were built, often at the expense of immigrant labor. The early anti-immigration laws, particularly the Chinese Exclusion Act of 1882, are highlighted as pivotal moments in a long-standing pattern of racialized economic policy that prioritized native-born Americans over essential immigrant labor.

The article argues that, just as the industrialists of the Golden Age sought to establish economic dominance and monopolies, today’s technology moguls are similarly expanding their influence and control over essential services and industries. It points to the alarming trend of modern-day barons exerting substantial control over not just markets, but also public discourse, as they reshape societal norms and business practices to their advantage. This echoes the fears of labor exploitation and the systemic marginalization of immigrant communities seen in prior decades.

In conclusion, the piece implies that the current endeavor of reinvigorating anti-immigration sentiment reflects a deeper economic agenda where the burgeoning tech barons seek to entrench their monopolies, to the detriment of inclusivity and fairness in labor practices. This historical parallel serves as a cautionary reminder about the repeated cycles of exploitation and the relevance of anti-monopoly legislation in ensuring equitable economic practices.