Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else

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Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else Page 40

by Chrystia Freeland


  AT&T, 185, 186

  Atlantic, 118, 175

  Atlas Shrugged (Rand), 249

  athletes, 108–9, 129, 130, 138

  Attias, Richard, 167

  Austen, Jane, 274–75

  authoritarian regimes, 144–46

  automobile industry, 280

  Firestone in, 168

  Treaty of Detroit in, 17, 18

  Autor, David, 23–24, 27, 91, 148

  Axelrod, David, 72

  Back to Work (Clinton), x

  Baker, James, 148

  Balls, Edward, 214

  Balsillie, Jim, 71

  Bangalore, 46

  banking industry, 119–22, 190, 218–19, 280

  bailouts of, 218, 242, 258, 261, 280

  Basel meeting and, 220

  capital requirements in, 212–13, 216, 217, 253, 261

  incomes in, 218–21, 259

  regulation of, 212–18, 220–23, 253, 255, 259–61

  Bank of America, 102, 214

  Bank of Canada, 216, 252, 261

  Baranowski, John, 30

  Barbados, 149

  Barclays, 122

  Bartels, Larry, 270–71

  Barton, Dominic, 60

  Basel III rules, 253, 255, 261

  Batali, Mario, 111–12

  Batista, Eike, 54

  Bauerlein, Mark, 267

  Beane, Billy, 129

  Bear Stearns, 258

  Bedi, Kiran, 200–201

  Bell, Brian, 81, 136

  Beloussov, Serguei, 179–81

  Benchmark Lunches, 141–44

  Bendukidze, Kakha, 152, 163

  Berezovsky, Boris, 150–51

  Berle, Adolf, 132–34, 138

  Berlin, Isaiah, 40

  Bernanke, Ben, 258, 259

  Bertrand, Marianne, 138–40

  Bharat Light and Power, 158–59

  Bharti Enterprises, 66

  Bieber, Justin, 109

  Bierstadt, Albert, 171

  big data, 146, 165–66

  Bilderberg Group, 68

  Billington, Elizabeth, 94–100, 108, 109, 114

  Bishop, Matthew, 71–72

  Bismarck, Otto von, 141

  Black, Leon, 110, 142

  BlackRock, 5, 166

  Blackstone, 1, 45, 60, 70, 111, 147

  Blankfein, Lloyd, 121, 147, 249, 253, 254, 280

  Blavatnik, Len, 62, 171

  Bloomberg, Michael, 36, 69, 77, 211–14, 227, 244

  Bloomberg L.P., 235

  BNP Paribas, 141, 211

  Boao Forum, 68

  Bobergh, Otto Gustav, 113, 114

  Bo Guagua, 209

  Bohr, Niels, 124

  Boies, David, 101–2, 105, 106

  Bolsheviks, 14, 93, 145, 284

  Bombay Chamber of Commerce and Industry, 188–89, 198, 201, 228

  Bon Jovi, 109, 110

  books, bestselling, 126

  Booz Allen Hamilton, 112

  Bo Xilai, 203, 209–10

  Bo Yibo, 209

  Brandeis, Louis, 277

  Brazil, 3, 19, 35, 54, 149, 156–57, 194, 198

  Brezhnev, Leonid, 89

  BRICs, 3, 18–20, 21, 30

  see also Brazil; China; India; Russia

  Bridgestone, 168

  Broad, Eli, 71, 72

  Brown, Gordon, 214

  Brown, Joshua, 84

  Brown University, 284

  Buffett, Warren, 3, 75, 79, 129–30, 143, 175, 282

  Buiter, Willem, 256–57, 270, 271

  Bundy, McGeorge, 263

  Bunshaft, Gordon, 103–4

  Burda, Hubert, 68

  Bush, George H. W., 148

  Bush, George W., 214, 260–61

  Business Insider, 238

  Busson, Arpad, 74

  Butterfield, Stewart, 172

  BYD, 32–33

  Byers, Brook, 183

  Cable, Vince, 139

  Calderón, Felipe, 255

  Cameron, David, 57

  Canada, 216–17, 253

  Candy and Candy, 102–3

  capital:

  labor vs., 117

  talent vs., 116–17, 122, 129–30

  capital gains, 17, 44, 78, 79

  Cardin, Pierre, 116

  Carlyle Group, 121, 148

  Carnegie, Andrew, ix, 9–11, 13, 26, 55, 71, 195, 235, 237

  Carney, Mark, 252–56, 258–61

  Carr, David, 140

  Carter, Amy, 265–66

  Casabolseros, Los, 51

  Caterpillar, 26

  CEOs, 134–40, 190, 219, 261

  Cerisola, Pedro, 197

  Chanos, James, 142, 172

  Chaplin, Charlie, 98–100, 108, 114

  charity, 70–76, 246, 264

  Chasing Stars (Groysberg), 129

  chefs, 111–13, 138

  Chicago Tribune, 247

  Chile, 149

  China, xiii, 3, 14–17, 19–22, 27, 28, 30, 35, 62–63, 66, 68, 92, 146, 149, 156, 162, 186, 193, 198, 203–10, 217, 255–56, 260, 266, 267, 285

  Chinese People’s Political Consultative Conference in, 203

  Communist Party in, 46

  income vs. happiness in, 31–32

  iPhone and, 28

  iPod and, 24–26

  Ming Dynasty in, 96

  National People’s Congress in, 203–4, 207, 209

  princelings in, 208, 209

  rent-seeking in, 204–10

  strikes and, 33

  “China Syndrome, The” (Autor, Dorn, and Hanson), 23–24, 27

  Chopra, Tejpreet Singh, 157–59

  Christensen, Clayton, 145, 147, 158

  Chubais, Anatoly, 188

  Cisco, 174

  Citadel, 51

  Citigroup, 63, 106, 121, 169–70, 257

  consumer hourglass theory of, 6

  plutonomy memo of, 5, 147, 167

  revolutions and, 147

  Clearwell, 106

  Clinton, Bill, x, 3, 68, 71, 72, 270

  Clinton, Chelsea, 72, 266

  Clinton, Hillary, 265

  Clinton Global Initiative, 68

  clothing industry, 113–16

  cognitive state capture, 256–57, 272–73

  Cohen, Rachel, 76

  collective good, 55–56

  Commercial Advertiser, 7

  Commonwealth Club, 176–78

  communications technology, 99–100

  communism, 14, 17–18, 21, 77, 136, 266, 284

  Communist Party, 46, 89

  computers, 146, 166–67

  Congressional Budget Office (CBO), 43–44

  Cook, Charlie, 111

  Cook Political Report, 111

  cooks, 111–13, 138

  Cooper, Peter, 39

  Cooper, Thomas, 11

  Cooperman, Leon, 45, 245–46

  Corak, Miles, 283

  corruption, 224

  in India, 201–2

  legal, 224–27

  Council on Foreign Relations, 185, 227

  Crassus, Marcus, 195

  creative capitalism, 75

  Credit Suisse, 34–35, 122

  Global Wealth Report of, 58–59

  Credit Suisse First Boston (CSFB), 159–61

  crony capitalism, 82–84, 190

  Dalits, 45

  Daschle, Tom, 270

  data, big, 146, 165–66

  Davies, Howard, 214–15

  Davos, 61, 62, 68, 72, 75, 227

  Deaton, Angus, 31, 82

  Dedrick, Jason, 24–26

  Delivering Happiness (Hsieh), 230

  Deloitte, 173

  democracy, 77

  Deneuve, Catherine, 116

  Deng Xiaoping, 156

  dentists, 101, 107

  Depression, Great, xiii, 9, 13, 29, 115

  Depression, Long, 7, 9, 41

  deregulation, 220–23, 225, 227

  derivatives business, 212, 221

  Detroit, Mich., 184, 280

  Treaty of, 17, 18

  DiCaprio, Leonardo, 108


  DiFuria, Joan, 176

  Digital Sky Technologies (DST), 66, 164

  Dimon, Jamie, 244–45, 253–55, 257–60

  Djilas, Milovan, 89–90, 266

  DLA Piper, 105, 106

  DLD (Digital-Life-Design), 68

  Doll, Bob, 5

  dopamine, 147

  Doriot, Georges, 120–22

  Dorn, David, 23–24, 27

  Dow Jones Industrial Average, 6

  Dreyfuss, Richard, 127

  Druckenmiller, Stan, 143

  Drucker, Peter, 88, 117–18

  Drummond, Don, 216–17

  Dubai, 63

  Duggan, James, 249

  Easterlin, Richard, 31

  eBay, 171, 183

  École Polytechnique, 273

  economic crisis of 2008, see financial crisis of 2008

  Economist, 209

  Edison, Thomas, 38

  education, 45, 47, 61, 91, 92

  college, 47–50, 52, 61–62, 283

  elite, 48–49, 52, 61–62, 83, 283

  philanthro-capitalists and, 75, 76

  race between technology and, 47–48

  Einstein, Albert, 124–25, 126

  electrocardiographs, 157–58

  El-Erian, Mohamed, 65, 251–52

  Emanuel, Rahm, 242, 258

  employment:

  insecurity in, 53

  unemployment, 186–87, 238, 240, 265

  wages in, see wages

  Engels, Friedrich, 39

  England, 63, 81, 139, 214–15, 227

  industrial revolution in, 95

  Jefferson on, 11–12

  recession in, 57

  summer social season in, 57, 67

  entertainment, 100, 123, 130

  movies, 98, 100, 109, 127–30

  music, 109–10, 126–27, 170–71

  entitlement, sense of, 239

  entrepreneurs, 167

  Ethan Allen, 185, 186

  Eugénie, Empress, 114

  evidence-based vs. ideological worldviews, 93–94

  Evon, Michael, 232, 233, 234

  extractive societies, 279–81, 283

  Facebook, 47, 104, 146, 147, 163–66, 171, 175

  Fake, Caterina, 172

  fame, 123, 128

  Fannie Mae, 271

  fashion designers, 113–16

  Faust, Drew, 49–50, 267

  Fear Index, The (Harris), 229

  Ferguson, Niall, 268

  finance industry, 119–22, 129–30

  financial crisis of 2008, 15, 28, 37, 63, 139, 141, 142, 144, 146, 152–54, 169–70, 178, 189, 214, 217, 220, 223, 254, 261, 269

  blame for, 242

  Bloomberg/Schumer/McKinsey report and, 212–14

  regulation and, 212–14, 218, 253

  financial deregulation, 220–23, 225, 227

  Financial Services Forum, 253

  Financial Stability Board (FSB), 253

  Financial Times, 267

  Fink, Larry, 166–67

  Finland, 3

  Firestone, 168–69

  Firestone, Harvey, 168

 

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