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Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (Hardcover)

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ITEM#: 14145008

CHRYSTIA FREELAND is the Editor of Thomson Reuters Digital, following years of service at theFinancial Times both in New York and London. She was the deputy editor of Canada’sThe Globe and Mail and has reported for the Financial Times, The Economist, andThe Washington Post. Freeland’s last book was Sale of a Century: The Inside Story of the Second Russian Revolution. She lives in New York City.

blogs.reuters.com/chrystia-freeland

twitter.com/#!/cafreeland
A Financial Times Best Book of the Year
Winner of the 2013 Lionel Gelber Prize

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 ...

Specs

ISBN 9781594204098
Genre BUSINESS & ECONOMICS / Economic History
Format Hardcover
Pages 330
Publisher Date 2012-10-11 00:00:00.0
Publisher Penguin Pr
Copyright Year 2012
Height 9.75 in
Wdth 6.75 in
Thickness 1.25 in
Unit weight 1.3 lb
Language English
Subtitle The Rise of the New Global Super-Rich and the Fall of Everyone Else
Edition Number 1
Audience General/trade
Authors Freeland, Chrystia
Country of Origin United States

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