Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else [Hardcover] special discount

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

Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else [Hardcover] Reviews

I saw this Author interviewed by Stephen Colbert on the Colbert Report. The author is eminently qualified (as the editor of a number of top flight financial magazines) to comment on the subject of the dominance of our global economy by a very few hyper-rich entities. Her thesis is that the 99% are dominated not just by the other 1%, but, by the upper .1% who control most of the resources in our global economy. Examples include the Red Chinese government, the top five oil companies, and the consortiums of health care finance companies. What she points out is that these hyper-wealthy entities and consortiums serve only their own interests. They have no sense of responsibility to anyone other than themselves. In addition, although they control most of the resources of our race, they have no social responsibilities. The result is that these hyper-wealthy are more powerful than any of the governments on our planet. The hyper-wealthy have more economic power than any government precisely because, unlike governments, the hyper-wealthy have no responsibilities to ordinary people. Her conclusion is that the hyper-wealthy are really the entities that are "calling the shots" on our planet, instead of the people who inhabit it. She has some fascinating insights such as her insight that "trickle-down" economics cannot work. The hyper-wealthy are not trickling down anything to the people. They are loaning back the resources of this planet to the people, at oppressive interest rates and under oppressive terms. This puts them in complete control of the world and our global economy. She also points out that the hyper-wealthy did not gain their wealth by making contributions to the people of this planet - they acquired their wealth simply by manipulating markets to funnel wealth to themselves, without returning much of value to the people. This market manipulation does not provide additional water, food, shelter or transportation. The manipulation simply makes the hyper-wealthy, more wealthy, so that they can impose more and more oppressive terms, in their own favor, over the resources of our race and our planet.. this is my Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else [Hardcover] reviews

Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else [Hardcover] Specs

• Review
• One of Financial Times' Best Books of 2012
• A Booklist Editor's Choice of 2012
• "Rising inequality is one of the most pressing issues of our time. Chrystia Freeland's Plutocrats provides us with a glimpse of the lives of America's elites and a disquieting look at the society that produces them. This well-written and lively account is a good primer for anyone who wants to understand one extreme of America today."
•     --Joseph Stiglitz, author of The Price of Inequality; University Professor, Columbia University
• "Mix crisp economics, ripe history, and two pinches of salty gossip, and you have the flavor of Chrystia Freeland's entertaining book. From the opulent Bradley Martin ball of 1897 to its modern echoes in Sun Valley and Davos, Plutocrats chronicles the habits of the workaholic overclass—its taste for British public schools, its immodest philanthropy, its fundamental rootlessness. Even as she describes this gilded tribe, Freeland advances a paradoxical warning. Open societies may allow super-achievers to pile up extraordinary riches—and to feel that they have more or less deserved them. But the more these meritocrats succeed, the more likely they are to entrench their own offspring at the top of the heap, negating the very meritocracy that afforded them their chances. Already in the United States, graduating from college is more closely linked to having wealthy parents than to grades in high school. When class matters more than going to class, Freeland's message must be treated with the utmost seriousness."
•     --Sebastian Mallaby, author of More Money than God: Hedge Funds and the Making of a New Elite
• "Our world increasingly revolves around global elites who not only have an oversized effect on our politics but also set the trends and furnish us with the dominant discourse. In this delightful book, Chrystia Freeland tells the story of how we got here and what distinguishes our elites from those of previous epochs. Most importantly, she explains why the elites' dominance, even when it appears benign, is a challenge to our institutions and gives us clues about how we can overcome it."
•     --Daron Acemoglu, co-author of Why Nations Fail; economics professor, Massachusetts Institute of Technology
• "The world's wealthy elite are more wealthy, more knit together, more separate from their fellow citizens and probably more powerful than ever before. This very important  book describes their lives and more important how their lives affect all of ours. It should be read by anyone concerned with how their world is being shaped and how it will evolve."
•     --Lawrence Summers, Former U.S. Treasury Secretary; Charles W. Eliot , University Professor, Harvard University
• "Chrystia Freeland has written a fascinating account of perhaps the most important economic and political development of our era: the rise of a new plutocracy. She explains that today's wealthy are different from their predecessors: more skilled and more global; and more often employees than owners, notably so in finance and high technology. By putting together stories of individuals with reading of the scholarly evidence, she gives us a clear view of what many will view as a not so brave new world."
•     --Martin Wolf, Chief Economics Commentator for the Financial Times
•  
• About the Author
• CHRYSTIA FREELAND is the Editor of Thomson Reuters Digital, following years of service at the Financial Times both in New York and London. She was the deputy editor of Canada's The Globe and Mail and has reported for the Financial Times, The Economist, and The 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
• See all Editorial Reviews

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