March Meeting - Plutocrats: The Rise of the New Global Super-Rich

We'll be discussing "Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else" by Chrystia Freeland

Come for the discussion, whether you've read the book or not.

"Even Alan Greenspan is worried about the troubling trend of income inequality. International financial reporter Freeland looks beyond worries about the 1 percent to the even more troubling trend of the 0.1 percent of the world’s most wealthy having more in common with each other than their countrymen and acting on those interests, guaranteeing even more inequality. Is the gap between the superrich and everybody else the product of impersonal market forces or political machinations? Freeland offers an engaging and deeply analytical look at the history, politics, and economics behind the rise of the plutocrats. She draws parallels between current inequality and the Gilded Age of the late 1800s, when the top 1 percent of the U.S. population held one-third of the national income. Globalization and the technology revolution are the major factors behind what she sees as new and overlapping gilded ages: the second for the U.S., the first for developing nations. Drawing on interviews with economists and the elite themselves, Freeland chronicles lavish parties, hubris, and hand-wringing over the direction of the global economy. As she laments, The feedback loop between money, politics, and ideas is both cause and consequence of the rise of the super-elite. Readers will appreciate the broader political and economic implications of Freeland’s penetrating examination of growing global income inequality." - Vanessa Bush, Booklist

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  • Walker

    Good discussion, and the book was stimulating.

    March 19, 2014

  • Patty

    I really wanted to go but it turns out my quarterly book group meets the 19th. Will finish the book anyway!

    March 18, 2014

  • Kathryn

    I've been meaning to read this - the author was just elected to parliament in my old riding and there has been lots of buzz in Toronto about it. I'm also looking forward to meeting some new people!

    March 3, 2014

  • Robert C.

    I just want to point out that this book is far from being a rant about how awful the 1% is. In fact, the author paints a very favorable picture of today's plutocrats while putting them in a historical perspective.

    February 25, 2014

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