Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else

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Doubleday Canada, Oct 16, 2012 - Income distribution - 352 pages
6 Reviews
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.

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LibraryThing Review

User Review  - marshapetry - LibraryThing

Pretty good book but I honestly can't remember much about it so I guess that doesn't say much about it. It's just that it wasn't all that inciteful. It was dismal and depressing and basically true. Oh well. Read full review

LibraryThing Review

User Review  - bdtrump - LibraryThing

Tons of interesting information, along with a slew of interviews worth reading. My gripe is the lack of organization or overall analysis - there's no big takeaway, and very little in the means of ... Read full review

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About the author (2012)

CHRYSTIA FREELAND is the global editor-at-large at Reuters news agency following years of service at The Financial Times both in New York and London. She was the deputy editor of 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.

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