Plutocrats

Plutocrats

The Rise of the New Global Super-rich and the Fall of Everyone Else

Book - 2012
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In the last few decades what it means to be rich has changed dramatically. Forget the 1%; it's the wealthiest .01% who are fast outpacing the rest of us. Today's colossal fortunes are amassed by the diligent toiling of smart, perceptive businessmen who see themselves as deserving victors in a cutthroat international competition.
 
Cracking open this tight-knit world is Chrystia Freeland, an acclaimed business journalist. At ease in Davos or Dubai, Freeland has reported on the lives and minds of these new super-elites for nearly a decade. Grounding her interviews in the economics and history of modern capitalism, she provides examples of the new wealth and its consequences. She showcases the $3 million birthday party of a New York financier months before the financial meltdown; details the closed-door 2005 SEC meeting where the US government allowed investment banks to write their own regulatory laws; and tells how the Bank of Canada's Mark Carney became a key figure in the central battle between the plutocracy and the rest of us.
 
Brightly written and powerfully researched, Freeland's Plutocrats will be a lightning rod event in the midst of the US election season.
Publisher: [Toronto] : Doubleday Canada, c2012.
ISBN: 9780385669719
0385669712
Characteristics: xv, 330 p.

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HCL_staff_reviews Aug 08, 2017

There exists a growing gap between the rich and the poor--that much seems apparent. But did you know the real gap in 2013 is the gap between the top 1% and the top 0.1%? In her well-researched, well-documented new book, Freeland explores the second Gilded Age for the United States in conjunction with the first Gilded Age for developing countries such as China and India. She examines how globalization has created a new culture of free agents who are able to make a killing in the financial markets without regard to how their company, let their country, is faring, as well. As part of the 99%, it is a fascinating read and left me thinking about the direction of global politics and the importance of paying attention. — Anne P., Washburn Library

c
coroboreefarm
Apr 26, 2017

Before entering politics and becoming Minister of Foreign Affairs in Prime Minister Justin Trudeau’s cabinet, Chrystia Freeland was most known as a respected journalist, writer and editor. In 2012 her book “Plutocrats: The Rise of the New Global Super-rich and the Fall of Everyone Else” was published. In the interesting times that exist currently in North American politics, trade and economics, this well described and interesting analysis of the growing gap between the super-rich, the wealthiest .01% and the average, or less than average earners, makes for a relevant and rather terrifying read.

If you enjoyed the examination of economic inequality, and the power of the super-rich as described in Dark Money, this is an interesting comparable read.

d
dirtbag1
Oct 22, 2016

The system is rigged. 1% 'ers. Greed. Poorly educated 99% 'ers. This book exposes a system in epic failure. A system that is a great paint job over a rotten structure. It speaks volumes about the future. Little upside and a downside that should be frightening for the vast majority. Not exactly a book for the ages but certainly worth reading.

w
winterwarrior99
Dec 12, 2015

This is an excellent book about the new global super rich, the elite of the elite, how they got there and their methods to stay there. Lots of interesting anecdotes and stories. While some readers may find the level of detail over-reaching, the completeness and soundness of the analyses are impressive.

Barbarajean Mar 09, 2014

I found this book an easy, and absorbing read. For me it was a real eyeopener into the lives, and salaries of the really affluent.

n
nickfromredcliff
Oct 31, 2013

The first 2/3 of this book all the Author does is talk about really rich people and how they got rich. I agree with rv_bolo, all the Author does is name drop after name drop filling the pages with useless information that adds nothing top the book. Like other commentators I almost gave up on this book it was so boring, dry, and repetitive.

During the whole book the Author does not once address how we can solve the problem of income equality. Just talks about why it exists, never wanting to step out of line and say something against the Plutocrats because as a financial reporter that might affect her bottom line.

A complete waste of my time.

r
rvbolo
Aug 23, 2013

The author is too in love with her own writing and repeats herself throughout the book, driving her point to death. Reference reference other references and intellectual aimed words used where simple English would make the point clear. You are convinced of her point by the first chapter...the rest just drive the point home over and over. If better composed and edited this book would be a two-thirds shorter, perhaps more. If you are an English major or don't mind reaching for the dictionary every two minutes, plus love an author in love with her own work, you might be able to finish this book! Alas, I could not, even though I agreed with it.

2
22950006432421
Aug 18, 2013

Excellent book!

i
iward
Jul 28, 2013

Sadly, even the Plutocrats can't avoid the three Ds: disease, debility and death :(

e
erinsnest
Jul 26, 2013

July 26, 2013, well after reading a few novels, it's time to do a little learning again, will take a stab at this one! (Got to admit, have a couple of audio books (Pat Conroy) and a Pierre Burton (Prisoners of the North) to resort to if this one gets a little too technical for my brain!).......Aug 20, well, it's been a bit of a slug, but I'm almost done. Just when I am about to give up on it, a very interesting part comes along. Hope to finish it today, or tomorrow, books are piling up in line! Worth reading, but I can't say I found it riveting. Economics was never my thing, I think I know how to make a buck now, but, I think I'd rather just enjoy my life! I'm starting to think these Plutocrats deserve their fortunes......not a lifestyle I'd enjoy. (Sure you have private jets, and get to stay in fancy places, with everyone catering to your every need, but, can you really feel good about it???

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