Tag: wealth

I’m utterly gripped by Oliver Bullough’s Moneyland and its account of the meta-country being built through the ability of global elites to escape national jurisdictions, facilitated by an army of lawyers, accountants and wealth managers. One of the most incisive themes concerns the acceleration of this corruption and the difficulty which it creates for public or private investigators […]

Why do expressions of wealth through social media attract such attention? How does something like rich kids of instagram provoke such morbid fascination in so many? In Uneasy Street: Anxieties of Affluence Rachel Sherman offers a penetrating account of the moral universe which wealthy New Yorkers have constructed for themselves, unpicking the ambivalence they feel concerning their […]

An interesting thread I’m following up from Four Futures: Life After Capitalism. This is Samuel Bowles and Arjun Jayadev on ‘guard labour‘: Another dubious first for America: We now employ as many private security guards as high school teachers — over one million of them, or nearly double their number in 1980. And that’s just […]

From The Boy Kings, by Katherine Losse, pg 191-193: The catch for Facebook was that the more successful we became (and we were still, despite all the competition, dominant), the more likely employees were to be distracted by money and the new pastimes it enabled: fine dining, bar hopping, five- star vacations, expensive cars. In […]

From Plutocrats: The Rise of the New Global Super-Rich pg 57-58. I’m very interested in how social expectations are generated amongst elites, how these in turn shape competitive pressures and the implications these have for how they orientate themselves towards non-elites. I’ve been looking through journalistic sources for examples of the super-rich complaining about their […]

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 […]