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Plutocrats Book Review


This was always a good story in economics, and like most good stories, it was usually retold for hortatory or moralistic purposes, and without fact-checking. The trouble is, U.S. income inequality,...


  • Reviewed by Christopher Silvester The cover of Plutocratsshows a private jet parked in the driveway of an Amer- ican suburban home — a stark repre- sentation of how the super-rich have supplanted the middle class in the world’s values system.

  • Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else is a book about economic inequality by Chrystia Freeland, first published in 2012.In 2013, it won the Lionel Gelber Prize and the National Business Book Award.. Plutocrats discusses the lives of ultra high net-worth individuals.The book divides the very wealthy into three main groups—Russian oligarchs,.

  • 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.

 

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