Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else Hardcover – October 11, 2012
|New from||Used from|
Frequently bought together
Customers who bought this item also bought
*Starred Review* Even Alan Greenspan is worried about the troubling trend of income inequality. International financial reporter Freeland looks beyond worries about the 1 percent to the even more troubling trend of the 0.1 percent of the world’s most wealthy having more in common with each other than their countrymen and acting on those interests, guaranteeing even more inequality. Is the gap between the superrich and everybody else the product of impersonal market forces or political machinations? Freeland offers an engaging and deeply analytical look at the history, politics, and economics behind the rise of the plutocrats. She draws parallels between current inequality and the Gilded Age of the late 1800s, when the top 1 percent of the U.S. population held one-third of the national income. Globalization and the technology revolution are the major factors behind what she sees as new and overlapping gilded ages: the second for the U.S., the first for developing nations. Drawing on interviews with economists and the elite themselves, Freeland chronicles lavish parties, hubris, and hand-wringing over the direction of the global economy. As she laments, The feedback loop between money, politics, and ideas is both cause and consequence of the rise of the super-elite. Readers will appreciate the broader political and economic implications of Freeland’s penetrating examination of growing global income inequality. --Vanessa Bush
One of Financial Times' Best Books of 2012
A Booklist Editor's Choice of 2012
"Rising inequality is one of the most pressing issues of our time. Chrystia Freeland's Plutocrats provides us with a glimpse of the lives of America's elites and a disquieting look at the society that produces them. This well-written and lively account is a good primer for anyone who wants to understand one extreme of America today."
--Joseph Stiglitz, author of The Price of Inequality; University Professor, Columbia University
"Mix crisp economics, ripe history, and two pinches of salty gossip, and you have the flavor of Chrystia Freeland’s entertaining book. From the opulent Bradley Martin ball of 1897 to its modern echoes in Sun Valley and Davos, Plutocrats chronicles the habits of the workaholic overclass—its taste for British public schools, its immodest philanthropy, its fundamental rootlessness. Even as she describes this gilded tribe, Freeland advances a paradoxical warning. Open societies may allow super-achievers to pile up extraordinary riches—and to feel that they have more or less deserved them. But the more these meritocrats succeed, the more likely they are to entrench their own offspring at the top of the heap, negating the very meritocracy that afforded them their chances. Already in the United States, graduating from college is more closely linked to having wealthy parents than to grades in high school. When class matters more than going to class, Freeland’s message must be treated with the utmost seriousness."
--Sebastian Mallaby, author of More Money than God: Hedge Funds and the Making of a New Elite
"Our world increasingly revolves around global elites who not only have an oversized effect on our politics but also set the trends and furnish us with the dominant discourse. In this delightful book, Chrystia Freeland tells the story of how we got here and what distinguishes our elites from those of previous epochs. Most importantly, she explains why the elites' dominance, even when it appears benign, is a challenge to our institutions and gives us clues about how we can overcome it."
--Daron Acemoglu, co-author of Why Nations Fail; economics professor, Massachusetts Institute of Technology
"The world’s wealthy elite are more wealthy, more knit together, more separate from their fellow citizens and probably more powerful than ever before. This very important book describes their lives and more important how their lives affect all of ours. It should be read by anyone concerned with how their world is being shaped and how it will evolve."
--Lawrence Summers, Former U.S. Treasury Secretary; Charles W. Eliot , University Professor, Harvard University
"Chrystia Freeland has written a fascinating account of perhaps the most important economic and political development of our era: the rise of a new plutocracy. She explains that today’s wealthy are different from their predecessors: more skilled and more global; and more often employees than owners, notably so in finance and high technology. By putting together stories of individuals with reading of the scholarly evidence, she gives us a clear view of what many will view as a not so brave new world."
--Martin Wolf, Chief Economics Commentator for the Financial Times
Browse award-winning titles. See more
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
The book does a very good job of putting together in one place what one reads in bits and pieces in the news. It summarizes the world of the super rich, people that we all know exist and are in the news lately because they are behind the libertarian think tanks, SuperPACs and the Tea Party. I am an upper middle class person. Thanks to a long healthy career, persistent savings and a small inheritance from my father, I will probably have a comfortable retirement. I have an MBA and have worked many years near the type of person described. Yet still it is very difficult to understand, to "wrap my brain" around, how rich these people are. I can see $1 million of net worth but... $50 million, $500 million $1 billion, $10 billion?? There is unimaginable wealth concentrated at the top of society much, much more than ever before in human history and this book very effectively documents that.
The book does a splendid job, full of history, statistics, stories, names. It is thorough with the subject. My only (mild) complaint is that the chapters in the audiobook version are too long (30- 40 minutes each). The listener could have benefited from the chapters having been split up into more digestible 10-15 sections especially when the book text gets into names, anecdotes and statistics.
All in all a very good listen! A very valuable book.
It is a must read for all people who want to understand where the world is heading, especially if you are headed to college or have a child doing so. If you think we have too many wars currently in the world because of competing ideology and theological conflicts, this adds world economics to the mix, and it's now an even deadlier mix.
I told a friend yesterday about this book and told him " it makes me long for the Cold War mentality of the 50's, 60's and 70's because we knew who the enemy was then"... today the enemy is our own individual inability to communicate, compromise and cooperate. We need to look no further than our own current economic mess of the last 5 years and American congress' increasingly polarized viewpoints, so much so that they are completely unable to govern effectively. The blame game stops here! Congress merely reflects our own individual viewpoints, we elected them so the blame has to rest with each of us individually. We need to find social tolerance and welcome risk into the mix for our quest for world, state and our own personal security. Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone... is an eye opener for everyone who doesn't want to simply stick their heads in the sand and call it Life!