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

Book - 2013
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A Financial Times Best Book of the Year
Shortlisted for the Lionel Gelber Prize

There has always been some gap between rich and poor in this country, but recently what it means to be rich has changed dramatically. Forget the 1 percent-- Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at breakneck speed. Most of these new fortunes are not inherited, amassed instead by perceptive businesspeople who see themselves as deserving victors in a cutthroat international competition. With empathy and intelligence, Plutocrats reveals the consequences of concentrating the world's wealth into fewer and fewer hands. Propelled by fascinating original interviews with the plutocrats themselves, Plutocrats is a tour de force of social and economic history, the definitive examination of inequality in our time.
Publisher: New York, New York : Penguin Books, 2013
Copyright Date: ©2012
ISBN: 9780143124061
Branch Call Number: HB251 .F74 2013x
Characteristics: xvii, 332 pages ; 22 cm


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debwalker Aug 23, 2020

To get a sense of where our new Finance Minister is coming from. Awaiting a massive exodus of capital! Because one yacht is obviously not enough.

Chrystia Freeland was born and raised in Peace River, Alberta. After finishing her education she became a minister in the present day Justin Trudeau cabinet. She has spent many hours dealing with the U.S.A. over free trade and NAFTA. Her book is an account of the 1% super wealthy who rule over our economy. The book is well written and informative. She regales us with inside stories of the important people she has dealt with on a personal basis. Must reading if one is hoping to understand the complex money machinations that are occuring in today's marketplace.

Jun 11, 2018

Ms. Freeland confirms what we the 99% suspect. Interesting insider scoop from a journalist who knows how and where to dig for dirt. Some readers are left wondering why the author has no suggestions on " What should we do"? I don't believe it is the authors responsibility to point out methods. It is up to "us" to be pro active based on the facts we read. It is up to "us", if "we" don't like how the system is rigged against the majority, to do something about it. However,gone are the days when activism was a "community" action. The internet has, if anything, made society into individualism leaving Twitter, Facebook and whatever else to be our placards of voicing frustrations. Ms Freeland knows this because her adversary at the moment is a Plutocrat.

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

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.

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.

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.

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.

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.

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