Michael Hiltzik on the Gilded Age, then and now

Michael Hiltzik, an award-winning Los Angeles Times reporter, has been observing and writing about business and technology in California for almost 40 years. In his recent book, "Iron Empires," he writes about the railroad tycoons and robber barons of the last Gilded Age. Then and now, the very rich are similar, he says, and so is our reaction to them.