Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else
Page 42
Magna Carta, 148
Mail.ru, 66, 163
Maira, Arun, 201
Major, John, 148
Malaysia, 149
managerial class, 131–36, 138
Mankiw, Greg, 268
Manning, Alan, 24
Manny, The (Peterson), 1–2
Mantle, Mickey, 108–9
Maples, Mike, 165
Marron, Donald, 142
Marshall, Alfred, 50, 95–97, 99, 101, 105, 108–12, 116, 118–19, 123, 131
Marshall, George C., 181
Marshall Scholarship, 181–82
Martin, Bradley, 6–7, 8, 14, 36, 37, 114
Martin, Cornelia, 6–7
Martin, Paul, 216–17, 250–51
Martin, Roger, 116–17, 123, 135
Marx, Elisabeth, 63
Marx, Karl, 42, 75, 89, 118, 284
Marxism, 14
material power index (MPI), 81
Matthew, Saint, 122–23
Matthew effect, 123, 126, 127–28
Mazumdar-Shaw, Kiran, 33
McCartney, Paul, 109
McFaul, Mike, 144
McKinsey, 52, 60, 121
Bloomberg/Schumer report by, 211–15, 227
Global Institute, 165–66
Means, Gardiner, 131–34, 138
Mediaite, 164
Mellin, Joe, 172
Merrill Lynch, 102, 119, 214–16
Merton, Robert, 50, 123–24, 127, 175
Mexico, 193–98
Slim and, 195–96
Meyer, Christopher, 222
Microsoft, 171, 176, 191, 234, 280, 282, 283
middle class, 240–41, 285
Midler, Bette, 127–28
Milanovic, Branko, ix–x, 16, 26, 194–96
Mill, John Stuart, 43
Miller, Steve, 27
Milner, Yuri, 52, 163–64, 171
Mindich, Eric, 271
minimum wage, 17, 91
Mir Osman Ali Khan, 191
Mishra, Prachi, 222, 223
Missner, Marshall, 124
Mittal, Aditya, 59, 161–62
Mittal, Lakshmi, 161, 192
Mittal Steel, 161, 191–92
Mokyr, Joel, 16–17
Monaco, 63
Moneyball (Lewis), 129
Monitor Group, 222, 227
Morgan, J. P., 6, 119
Morgan Stanley, 63, 122
Moritz, Michael, 234
mortgage market, 146, 166–67, 169–70, 217
Mossler, Fred, 233
motion picture industry, 98, 100, 109, 127–30
Mount, Harry, 57, 67
Moyo, Dambisa, 266
Mubarak, Hosni, 144
Mullainathan, Sendhil, 138–40
Müller-Ötvös, Torsten, 46
Murphy, Kevin J., 131–34, 137
Murray, Charles, 286
music industry, 109–10, 126–27, 170–71
n-11 economies, 30
Nakamoto, Michiyo, 169
Naspers, 66
Neeleman, David, 156–57
Netherlands, 16
NetJets, 2, 66
New Class, 264–69
New Class, The (Djilas), 89–90
New Deal, 13–14, 132–34, 177
Newsweek, 127
New Yorker, 33
New York Times, 6, 7, 39, 45, 70, 125, 126, 140, 165, 174, 227, 258, 268
New York World, 7
New Zealand, 3, 159–60
Next Convergence, The: The Future of Economic Growth in a Multispeed World (Spence), 20
Nicaragua, 191
Niccolini, Julian, 36
Nigeria, 66
Nobel, Alfred, 71
Nobel Prize, 50, 69, 123, 124, 126, 175
Nolte, Nick, 127
Nucor, 158
Oakland A’s, 129
Obama, Barack, x, 18, 92–93, 242–43, 245, 247, 249, 250, 258, 269
as empiricist, 93
Observer, 74
Occupy movement, 28, 42, 80, 83, 92, 238, 244–45, 248–51
O’Connor, Caroline, 171–72
Odnoklassniki, 163
OECD, 3
O’Neill, Jim, 19, 21, 29–30, 33
one percent, xii, 135
0.1 percent vs., 79–83
99 percent vs., 80
during 1940s–1970s period, 14
in economic recovery of 2009–2010, xiii
political vs. economic focus on, xiv
share of national income, 3, 14
Open Society Foundations, 70, 77
Orange Revolution, 79–80, 192
Orlov, Yuri, 90
Orszag, Peter, 18
Orwell, George, 90
outsourcing, 92, 105, 106, 155, 179, 241
Oxford University, 62
Page, Larry, 55
PaineWebber, 142
Palin, Sarah, 83, 223
Pangea3, 106–7
paradigm shifts, 144, 145, 164
see also revolutions
paradox of happy peasants and miserable millionaires, 31–32, 51, 82
Paulson, Hank, 213, 271–72
Paulson, John, 148, 244
Pavarotti, Luciano, 97, 98
pay for performance, 136, 138, 139
PayPal, 171, 183
Perella, Joe, 170
Peru, 82
Peterson, Holly, 1–3, 52, 80–81
Peterson, Pete, 1, 36–37, 44–45, 70, 78, 80
Petrarca, Francesco, 278
philanthro-capitalism, 71, 74–76, 264, 267
philanthropy, 70–76, 246, 264
Philippines, 25
Philippon, Thomas, 48, 53, 220–21
Pierson, Paul, 18
Piff, Paul, 239
Piketty, Thomas, 34, 43
Pimco, 65, 251
Pinchuk, Victor, 72–73, 268, 270
Pipes, Richard, 145
Pisarev, Kirill, 103
pivoting, 171–73
Platinum Study, 43
Pleading Guilty (Turow), 38
Plepler, Richard, 72
Pliny the Elder, 195
Plutarch, 195
political influence, 222–24, 247, 260–62
political revolutions, 144–46
politicians, 76–79, 269–70
Polo, Marco, 278
Poore, Peter, 76
PopTech, 67
Porter, Michael, 23
Posner, Victor, 120, 122
Potanin, Vladimir, 151
Premji, Azim, 155
Prince, Chuck, 169–70
private equity, 120–22, 128, 190, 243, 280
privatization, 193–94, 205, 207, 222, 225
in Russia, 162–64, 176, 179–81, 188, 192–93, 198, 207, 218, 223, 225
telecom, 196–98
privilege, 239
transferred to children, 282–83
Progress and Poverty (George), 38, 40–41
Progressive Era, 39, 78
Prokhorov, Mikhail, 162
Putin, Vladimir, 80, 107, 149–51, 255
Qiu Ying, 96
Quantum Fund, 142, 143, 154, 172
Queen Elisabeth Competition, 126
Quiggin, John, 48
Radia, Niira, 200
railroads, 178, 191
Raja, Andimuthu, 200
Rajan, Raghuram, 188–89, 198, 201, 228
Rajaratnam, Raj, 121–22
Rakoff, Jed, 256
Rand, Ayn, 249
Rauh, Joshua, 119–20
Ravid, Abraham, 130
Reagan, Ronald, 17, 89
Reagan Revolution, xii
real estate, 222–23
Red Capitalism (Walter and Howie), 207–8
Reformed Broker, The, 84
Reich, Robert, 3
Renaissance, 96
Renaissance Capital, 65, 159
rentier elite, 42, 43, 283
rent-seeking, 188–228, 283
in China, 204–10
globalization and, 226–28
in India, 198–2
00, 228
value creation vs., 280–81
Reshef, Ariell, 48, 220–21
revolutions, 141–87
industrial, see industrial revolution
political, 144–46
in technology, xiv, 4, 14–15, 18, 19, 21, 22, 25, 28, 30–31, 67, 100, 104, 146, 157–58, 164, 166, 184, 221, 285
Reynolds, Joshua, 94
“rich,” use of word, x
Roach, Stephen, 210
robber barons, xv, 9, 19, 41, 42, 71, 118, 134, 191, 195, 237
Roosevelt on, 177–78
Robertson, Julian, 142
Robinson, James, 279–80
Rockefeller, John D., 195
Rodriguez, Alex, 108–9
Rolls-Royce, 46
Romney, Mitt, 77, 92–94, 236, 237, 286
as empiricist, 93–94
Roosevelt, Franklin Delano, 132
Commonwealth Club speech of, 176–78
New Deal of, 13–14, 132–34, 177
Roosevelt, Theodore, 39
Rose, Charlie, 72
Rosen, Sherwin, 97, 99–100, 107–12, 116, 123
Rosoff, Matt, 238
Royal Bank of Canada, 217
Royal Bank of Scotland, 217
Rubenstein, David, 121, 148–49
Rubin, Bob, 213
Russia, 3, 14, 19, 35, 56, 62, 66, 82, 96, 148, 149, 159–61, 163, 164, 178–81, 186, 206, 260
billionaire-to-GDP ratio in, 189
Bolsheviks in, 14, 93, 145, 284
privatization in, 162–64, 176, 179–81, 188, 192–93, 198, 207, 218, 223, 225
Revolution in, 152–53
science and technology in, 178–79
Russian oligarchs, 42, 46, 51–52, 61–62, 72, 92, 107, 147, 149–52, 186, 193, 196, 223, 255, 285
Ryan, Paul, 83, 190
Sabharwal, Manish, 32
Saez, Emmanuel, xiii, 34, 35–36, 43, 117, 281
Saïd, Wafic, 62
Sainath, Palagummi, 32
Saint Laurent, Yves, 114–16
Salganik, Matthew, 126
Salinas, Carlos, 196, 198
Salomon Brothers, 130
Sandberg, Sheryl, 174–75
Santorum, Rick, 246
Sawiris, Naguib, 4, 35, 77
Say’s law, 30–31
Schiff, Peter, 245
Schmidt, Eric, 56, 58, 69, 104–5, 236, 238, 280–81
Schmidt, Jacqueline, 70
Schrage, Elliot, 47
Schultz, Howard, 69
Schumer, Chuck, 211–13, 227
Schumpeter, Joseph, 32, 118
Schwarzman, Steve, 1, 36–37, 45, 46, 60, 147, 237, 243
science, 123–25
screenplays, 128
Seasteading Institute, 250
Securities and Exchange Commission (SEC), 226, 256
self-interest, 178, 215, 216, 239–40, 243–44, 249, 273–75, 286
Sennett, Mack, 98
Sense and Sensibility (Austen), 274–75
sewing machine, 113–15
Shaw, George Bernard, 39
Shelley, Percy Bysshe, 89
Shubrick, 40