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

Page 42

by Chrystia Freeland


  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

 

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