The Rise of the New Global Super-Rich

6 Sep 2013

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Author, Chrystia Freeland, looks under the hood of global capitalism to expose the technological, economic and structural inequalities pushing society in unforeseen directions. Technology is advancing in leaps and bounds -- and so is economic inequality, argues Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the global income gap. This rising income inequality, she argues, has a structural character, and is becoming a cultural and social issue, with consequences for social cohesion and social mobility.

Freeland is author of the book, Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else.

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You can find this page online at http://sacsis.org.za/site/article/1777.

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Rory Verified user
6 Sep

Arthritis in our economic system

The owners of the Apples and Amazons etc. of the modern world are benefiting from what are in effect structural flaws in the way our politico-economic system is structured. If you think about it no one in society benefits from some people becoming super wealthy, not even the super wealthy themselves, because the social matrix, from which we all draw our fulfillment as human beings, is being continuously eroded by the growing disparities in wealth distribution. One way to counter this is to place a cap on wealth and to do so democratically. This URL http://www.centersds.com/thebook.htm points you to a book on the subjectof socio-economic democracy.

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