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A review by sde
Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else by Chrystia Freeland
3.0
Important, if depressing, book that focuses on the new extremely wealthy people that hold a huge percentage of the world's income. They identify more with other extremely wealthy people than with their fellow countrymen.
The book cites many renowned scholars even though it is written for lay people. The middle of the book was a slog for me, but perhaps that was because it was an area I knew less about. I raced through the beginning and the end - history, culture, rent-seeking and how plutocrats view the rest of us. There was very little discussion on how we might remedy the slide towards more concentrated wealth, but it is something that needs to be done because, as someone in the book said, when you have a mansion, however wonderful, when it is surrounded by broken down slums, it is in trouble.
The book cites many renowned scholars even though it is written for lay people. The middle of the book was a slog for me, but perhaps that was because it was an area I knew less about. I raced through the beginning and the end - history, culture, rent-seeking and how plutocrats view the rest of us. There was very little discussion on how we might remedy the slide towards more concentrated wealth, but it is something that needs to be done because, as someone in the book said, when you have a mansion, however wonderful, when it is surrounded by broken down slums, it is in trouble.