Saturday, January 15, 2011
Article on the New Rich
Arts & Letters Daily recently linked to an article in The Atlantic describing the new global elite. This is the best article I have read on the new plutocrats. Author Chrystia Freeland takes a balanced approach, noting the real contributions which have been made by the new rich--they tend to be self-made men, creating businesses and producing wealth, instead of just living off of their family's estate--but the article does not shy away from some of the more troubling aspects of this class--noting, for example, that economic inequality has actually been growing in developed societies, creating a social as well as an economic divide between the have-some's and the have-lot's (to coin a phrase).