The Plutocrats

As Chrystia Freeland's new book "Plutocrats" shows, the rich really are different...There has always been some gap between rich and poor, but it has never been wider - and now the rich are getting wealthier at such breakneck speed that the middle classes are being squeezed out. While the wealthiest [...]
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As Chrystia Freeland's new book "Plutocrats" shows, the rich really are different...There has always been some gap between rich and poor, but it has never been wider - and now the rich are getting wealthier at such breakneck speed that the middle classes are being squeezed out. While the wealthiest 10 per cent of Americans, for example, receive half the nation's income, the real money flows even higher up, in the top 0.1 per cent. As a transglobal class of highly successful professionals, these self-made oligarchs often have more in common with one another than with their own countrymen. But how is this happening, and who are the people making it happen? Chrystia Freeland, acclaimed business journalist and Global Editor-at-Large of Reuters, has unprecedented access to the richest and most successful people on the planet, from Davos to Dubai, and dissects their lives with intelligence, empathy and objectivity. Pacily written and powerfully researched, "Plutocrats" could not provide a more timely insight into the current state of Capitalism and its most wealthy players.Chrystia Freeland is 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 Canada's "Globe and Mail" and has reported for the "Financial Times", "Economist", and "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.