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Bill Ackman, chief executive of the giant hedge fund Pershing Square Capital Management, is getting a lot of bad press right now for his vicious campaign against Harvard President Claudine Gay, and deservedly so. He’s just about the perfect example of a particular social type: the plutocrat who thinks that being very rich entitles him to run more or less everything. The United States is populated with many more such preening oligarchs than it was 30 or 40 years ago, because income and wealth are

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