Plutocrats : the rise of the new global super-rich and the fall of everyone else

Book Cover
Average Rating
Published:
[United States] :
Status:
Available Online
Copies

No Links Found

Description

There has always been some gap between rich and poor in this country, but in the last few decades what it means to be rich has changed dramatically. Alarmingly, the greatest income gap is not between the 1 percent and the 99 percent, but within the wealthiest 1 percent of our nation—as the merely wealthy are left behind by the rapidly expanding fortunes of the new global super-rich. Forget the 1 percent; Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at break-neck speed.

What's changed is more than numbers. Today, most colossal fortunes are new, not inherited—amassed by perceptive businessmen who see themselves as deserving victors in a cut-throat international competition. As a transglobal class of successful professionals, today's self-made oligarchs often feel they have more in common with one another than with their countrymen back home. Bringing together the economics and psychology of these new super-rich, Plutocrats puts us inside a league very much of its own, with its own rules.

The closest mirror to our own time is the late nineteenth century Gilded Age—the era of powerful 'robber barons' like Andrew Carnegie and John D. Rockefeller. Then as now, emerging markets and innovative technologies collided to produce unprecedented wealth for more people than ever in human history. Yet those at the very top benefited far more than others—and from this pinnacle they exercised immense and unchecked power in their countries. Today's closest analogue to these robber barons can be found in the turbulent economies of India, Brazil, and China, all home to ferocious market competition and political turmoil. But wealth, corruption, and populism are no longer constrained by national borders, so this new Gilded Age is already transforming the economics of the West as well. Plutocrats demonstrates how social upheavals generated by the first Gilded Age may pale in comparison to what is in store for us, as the wealth of the entire globalized world is concentrated in fewer and fewer hands.

Cracking open the tight-knit world of the new global super-rich is Chrystia Freeland, an acclaimed business journalist who has spent nearly two decades reporting on the new transglobal elite. She parses an internal Citigroup memo that urges clients to design portfolios around the international "Plutonomy" and not the national "rest"; follows Russian, Mexican, and Indian oligarchs during the privatization boom as they manipulate the levers of power to commandeer their local economies; breaks down the gender divide between the vast female-managed 'middle class' and the world's one thousand billionaires; shows how, by controlling both the economic and political institutions of their nation, the richest members of China's National People's Congress have amassed more wealth than every branch of American government combined—the president, his cabinet, the justices of the Supreme Court, and both houses of Congress.

Though the results can be shocking, Freeland dissects the lives of the world's wealthiest individuals with empathy, intelligence, and deep insight. Intelligently written, powerfully researched, and propelled by fascinating original interviews with the plutocrats themselves, Plutocrats is a tour-de-force of social and economic history, and the definitive examination of inequality in our time.

More Details
Format:
Edition:
Unabridged.
Language:
English
ISBN:
9781452690421 (sound recording : hoopla Audio Book), 1452690421 (sound recording : hoopla Audio Book)

Notes

Restrictions on Access
Digital content provided by hoopla.
Participants/Performers
Read by Allyson Ryan.
Description
There has always been some gap between rich and poor in this country, but in the last few decades what it means to be rich has changed dramatically. Alarmingly, the greatest income gap is not between the 1 percent and the 99 percent, but within the wealthiest 1 percent of our nation-as the merely wealthy are left behind by the rapidly expanding fortunes of the new global super-rich. Forget the 1 percent; Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at break-neck speed.What's changed is more than numbers. Today, most colossal fortunes are new, not inherited-amassed by perceptive businessmen who see themselves as deserving victors in a cut-throat international competition. As a transglobal class of successful professionals, today's self-made oligarchs often feel they have more in common with one another than with their countrymen back home. Bringing together the economics and psychology of these new super-rich, Plutocrats puts us inside a league very much of its own, with its own rules.The closest mirror to our own time is the late nineteenth century Gilded Age-the era of powerful 'robber barons' like Andrew Carnegie and John D. Rockefeller. Then as now, emerging markets and innovative technologies collided to produce unprecedented wealth for more people than ever in human history. Yet those at the very top benefited far more than others-and from this pinnacle they exercised immense and unchecked power in their countries. Today's closest analogue to these robber barons can be found in the turbulent economies of India, Brazil, and China, all home to ferocious market competition and political turmoil. But wealth, corruption, and populism are no longer constrained by national borders, so this new Gilded Age is already transforming the economics of the West as well. Plutocrats demonstrates how  social upheavals generated by the first Gilded Age may pale in comparison to what is in store for us, as the wealth of the entire globalized world is concentrated in fewer and fewer hands.Cracking open the tight-knit world of the new global super-rich is Chrystia Freeland, an acclaimed business journalist who has spent nearly two decades reporting on the new transglobal elite. She parses an internal Citigroup memo that urges clients to design portfolios around the international "Plutonomy" and not the national "rest"; follows Russian, Mexican, and Indian oligarchs during the privatization boom as they manipulate the levers of power to commandeer their local economies; breaks down the gender divide between the vast female-managed 'middle class' and the world's one thousand billionaires; shows how, by controlling both the economic and political institutions of their nation, the richest members of China's National People's Congress have amassed more wealth than every branch of American government combined-the president, his cabinet, the justices of the Supreme Court, and both houses of Congress.Though the results can be shocking, Freeland dissects the lives of the world's wealthiest individuals with empathy, intelligence, and deep insight. Intelligently written, powerfully researched, and propelled by fascinating original interviews with the plutocrats themselves, Plutocrats is a tour-de-force of social and economic history, and the definitive examination of inequality in our time.
System Details
Mode of access: World Wide Web.
Also in This Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Citations
APA Citation (style guide)

Freeland, C., & Ryan, A. Plutocrats: the rise of the new global super-rich and the fall of everyone else. Unabridged. [United States].

Chicago / Turabian - Author Date Citation (style guide)

Freeland, Chrystia, 1968- and Allyson Ryan. Plutocrats: The Rise of the New Global Super-rich and the Fall of Everyone Else. [United States].

Chicago / Turabian - Humanities Citation (style guide)

Freeland, Chrystia, 1968- and Allyson Ryan, Plutocrats: The Rise of the New Global Super-rich and the Fall of Everyone Else. [United States].

MLA Citation (style guide)

Freeland, Chrystia, and Allyson Ryan. Plutocrats: The Rise of the New Global Super-rich and the Fall of Everyone Else. Unabridged. [United States],

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
Staff View
Grouped Work ID:
Go To Grouped Work
Last File Modification Time Aug 14, 2017 05:08:27 AM
Last Grouped Work Modification Time

MARC Record

LEADER05104nim a22004695a 4500
001MWT10756333
003MWT
00520150609100914.1
006m   e o  h        
007sz zunnnnnzned
007cr |nannnuuuua
008150609s2012    xxunnn es      z  n eng d
020 |a 9781452690421 (sound recording : hoopla Audio Book)
020 |a 1452690421 (sound recording : hoopla Audio Book)
02842 |a MWT10756333
037 |a 10756333 |b Midwest Tape, LLC |n http://www.midwesttapes.com
040 |a Midwest |b eeng |e rda
1001 |a Freeland, Chrystia, |d 1968-
24510 |a Plutocrats : |b the rise of the new global super-rich and the fall of everyone else / |c Chrystia Freeland.
250 |a Unabridged.
264 |a [United States] : |b Tantor Audio : |b Made available through hoopla, |c 2012.
300 |a 1 online resource (1 audio file (720 min.)) : |b digital.
336 |a spoken word |b spw |2 rdacontent.
337 |a audio |b s |2 rdamedia.
337 |a computer |b c |2 rdamedia.
338 |a other |b sz |2 rdacarrier.
338 |a online resource |b cr |2 rdacarrier.
344 |a digital |h digital recording |2 rda.
347 |a data file |2 rda.
5110 |a Read by Allyson Ryan.
520 |a There has always been some gap between rich and poor in this country, but in the last few decades what it means to be rich has changed dramatically. Alarmingly, the greatest income gap is not between the 1 percent and the 99 percent, but within the wealthiest 1 percent of our nation-as the merely wealthy are left behind by the rapidly expanding fortunes of the new global super-rich. Forget the 1 percent; Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at break-neck speed.What's changed is more than numbers. Today, most colossal fortunes are new, not inherited-amassed by perceptive businessmen who see themselves as deserving victors in a cut-throat international competition. As a transglobal class of successful professionals, today's self-made oligarchs often feel they have more in common with one another than with their countrymen back home. Bringing together the economics and psychology of these new super-rich, Plutocrats puts us inside a league very much of its own, with its own rules.The closest mirror to our own time is the late nineteenth century Gilded Age-the era of powerful 'robber barons' like Andrew Carnegie and John D. Rockefeller. Then as now, emerging markets and innovative technologies collided to produce unprecedented wealth for more people than ever in human history. Yet those at the very top benefited far more than others-and from this pinnacle they exercised immense and unchecked power in their countries. Today's closest analogue to these robber barons can be found in the turbulent economies of India, Brazil, and China, all home to ferocious market competition and political turmoil. But wealth, corruption, and populism are no longer constrained by national borders, so this new Gilded Age is already transforming the economics of the West as well. Plutocrats demonstrates how  social upheavals generated by the first Gilded Age may pale in comparison to what is in store for us, as the wealth of the entire globalized world is concentrated in fewer and fewer hands.Cracking open the tight-knit world of the new global super-rich is Chrystia Freeland, an acclaimed business journalist who has spent nearly two decades reporting on the new transglobal elite. She parses an internal Citigroup memo that urges clients to design portfolios around the international "Plutonomy" and not the national "rest"; follows Russian, Mexican, and Indian oligarchs during the privatization boom as they manipulate the levers of power to commandeer their local economies; breaks down the gender divide between the vast female-managed 'middle class' and the world's one thousand billionaires; shows how, by controlling both the economic and political institutions of their nation, the richest members of China's National People's Congress have amassed more wealth than every branch of American government combined-the president, his cabinet, the justices of the Supreme Court, and both houses of Congress.Though the results can be shocking, Freeland dissects the lives of the world's wealthiest individuals with empathy, intelligence, and deep insight. Intelligently written, powerfully researched, and propelled by fascinating original interviews with the plutocrats themselves, Plutocrats is a tour-de-force of social and economic history, and the definitive examination of inequality in our time.
506 |a Digital content provided by hoopla.
538 |a Mode of access: World Wide Web.
650 0 |a Rich people |x Conduct of life.
650 0 |a Poor.
655 7 |a Streaming audiobook. |2 local.
655 7 |a Downloadable audiobook. |2 local.
7001 |a Ryan, Allyson, |d 1976-
7102 |a hoopla digital.
85640 |u https://www.hoopladigital.com/title/10756333 |z Instantly available on hoopla. |x hoopla
907 |a .b14976675 |b 01-22-16 |c 06-12-15
998 |a qafea |b 06-12-15 |c m |d n |e - |f eng |g xxu |h 0