Tag: elites

Another remarkably revealing statement from a man who once likened himself to a giant digestive tract, taking in money at one end and expelling it at the other. From Plutocrats: the Rise of the New Global Super-Rich pg 53: George Soros told the gathered academics that “the markets are a machine for destroying the ego.” […]

From Plutocrats: The Rise of the New Global Super-Rich pg 52-53: One badge of membership in the super- elite is jet lag. Novelist Scott Turow calls this the “flying class” and describes its members as “the orphans of capital” for whom it is a “badge of status to be away from home four nights a […]

From Plutocrats: The Rise of the New Global Super-Rich pg 46: Carlos Slim, who studied engineering in college and taught algebra and linear programming as an undergraduate, attributes his fortune to his facility with numbers. So does Steve Schwarzman, who told me he owed his success to his “ability to see patterns that other people […]

Following on from my previous post, I’m really interested in how this trend shapes how contemporary elites seek to make sense of their actions and circumstances in moral terms. From Plutocrats: The Rise of the New Global Super-Rich pg 44: Forbes classifies 840 of the 1,226 people on its 2012 billionaire ranking as self- made. […]

Mike Savage has posted a thoughtful essay on the Stratification & Culture Research Network blog reflecting on Thomas Piketty’s Capital in the 21st Century. There’s a lot of interest here but the element that really intrigued me was the discussion of Piketty’s methodology and how it relates to current trends within sociology: Methodologically, Piketty is […]