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 43

by Chrystia Freeland

Silicon Valley, 46–47, 56, 93, 163–64, 166, 171, 174, 175, 181–83, 230–31, 235, 236, 238, 283, 285

  Silver Lake, 59

  Simmons, Ruth, 284

  Singapore, 63

  Singer, Paul, 77

  Singh, Manmohan, 155, 198–99

  Sinha, Jayant, 189

  skill-biased technical change, 91

  skimming, 138

  Slim, Carlos, 42, 46, 51, 195–98, 199, 218, 227, 236, 255

  Smith, Adam, 67, 131, 138, 194, 229

  Smith, Art, 112

  Smith, Michael, 102

  social mobility, 5, 82, 278–79

  income inequality and, 283–84

  Socialnet, 183

  Somoza family, 191

  Sorensen, Alan, 126

  Soros, George, 53–54, 70, 73, 77, 141–45, 147, 148, 152–55, 172–73, 242

  Soros, Jonathan, 153, 173

  Soros, Tivadar, 152–53

  South Korea, 32, 193

  Soviet republics, former, 20, 77, 149, 155, 192, 193, 267

  Soviet Union, 14, 17, 89–90, 144, 155, 178–80, 266

  Spectator, 56–57, 59, 67

  Spence, Michael, 20, 187

  Spitzer, Eliot, 213

  Splinter, Michael, 64

  sports stars, 108–9, 129, 130, 138

  Stalin, Joseph, 20, 90

  Stanford Business School, 61, 147

  Starr International, 101

  Start-Up of You, The (Hoffman), 184–85, 187

  Stengel, Rick, 72

  Stephenson, Randall, 164, 185–86

  Stevenson, Betsey, 32

  Stewart, Rod, 36

  Stiglitz, Joe, 27

  Stock Market Boys, 51

  Stoll, Craig, 112–13

  Strauss-Kahn, Dominique, 72, 238–39

  Stringer, Howard, 36

  student activism, 268

  Sull, Donald, 145, 147, 167–68, 171

  Summers, Larry, xiii, 49, 87, 165, 174

  Sunstein, Cass, 93

  Sun Valley, 68

  Sun Yat-sen, 39

  superstars, 88–140

  fees charged by, 101–3

  globalization and, 91–92, 108

  income of, vs. everyone else, 100–101

  industrial revolution and, 95–99, 118

  and talent vs. capital, 116–17, 122, 129–30

  technology and, 91–92, 98–100, 108, 109

  “Sustaining New York’s and the US’ Global Financial Services Leadership,” 211–15

  Swank, Hilary, 110

  Sweden, xii, 3, 12

  Switzerland, 35, 63

  Szelényi, Ivan, 89–90, 136, 266

  Tahrir Square, 80

  Taiwan, 35

  Tawney, R. H., 88

  taxes, 5, 14, 17, 78–79, 190, 243, 246–47, 249, 255, 264, 286

  TeamLease, 32

  Tea Party, 28, 42, 92

  technology:

  communication, 99–100

  race between education and, 47–48

  revolutions in, xiv, 4, 14–15, 18, 19, 21, 22, 25, 28, 30–31, 67, 100, 104, 146, 157–58, 164, 166, 184, 221, 285

  skill-biased change in, 91

  superstars and, 91–92, 98–100, 108, 109

  TED conference, 68

  telecommunications, 224, 225

  privatization in, 196–98

  Telmex, 196–98, 218, 225

  Temin, Peter, 17

  Tencent, 66

  Thain, John, 36, 102, 214–16

  Thatcher, Margaret, 17

  Theory of Moral Sentiments, The (Smith), 229

  Thiel, Peter, 183, 250

  think tanks, 72, 77, 265, 267

  Thornton, John, 213

  Tiger Management, 142

  Tinbergen, Jan, 47

  Tito, Josip Broz, 89–90

  Tocqueville, Alexis de, xi, 12

  Tolstoy, Leo, 39

  “Top Executives Are Worth Every Nickel They Get” (Murphy), 131–33

  topple rate, 173

  Touati, Bernard, 107

  travel, 52–53, 58, 60–61

  Treasury bills, 265

  Treaty of Detroit, 17, 18

  Tressel, Thierry, 222

  Trichet, Jean-Claude, 141

  Trollope, Anthony, 99

  Turkey, 21, 35, 197

  Turnaround Kid, The (Miller), 27

  Turow, Scott, 38, 52, 61

  Tutu, Desmond, 69

  Twain, Mark, 8, 38

  The Gilded Age, 6–7, 13

  Twitter, 109, 146, 171

  Tymoshenko, Yulia, 192

  U2, 109, 110

  UBS, 16

  Ukraine, 72–73, 79–80, 191–93

  unemployment, 186–87, 238, 240, 265

  Ungaro, Emanuel, 116

  unions, 17, 33, 91, 286

  United Auto Workers (UAW), 17

  universities, 264, 267

  University of Chicago, 188

  USA Today, 2

  U.S. Steel, 195

  van Ours, Jan, 126

  Van Reenen, John, 23, 28, 29, 81, 136

  Vardi, Yossi, 68

  Varshney, Ashutosh, 28, 155–56

  Vekselberg, Viktor, 150, 151, 176, 180, 181

  Venice, 277–80, 282–84, 286

  La Serrata in, 279, 280, 283, 286

  venture capital, 120, 121

  Victoria, Queen, 8

  video technology, 165, 174

  Volcker, Paul, 64–65, 219, 221

  von Furstenberg, Diane, 107

  von Metternich, Pauline, 114

  wages, 240

  college education and, 47–48

  minimum, 17, 91

  see also income

  Wall Street, 53, 63, 83–84, 93, 105, 119–22, 129–30, 166–67, 211–16, 218, 219, 221, 222, 235, 257, 267

  lobbying and, 222–24, 247, 260–62, 273

  regulation of, 211–12

  Wall Street, 2, 152

  Wall Street Journal, 56, 144, 211, 213, 223

  Walt Disney Company, 127–30, 143

  Walter, Carl, 207–8

  Walton, Michael, 197

  Wang Huiyao, 60–61

  Wang Jianlin, 204

  Warburg, Siegmund, 119

  Wareham, Jamie, 106

  Warner, Charles Dudley, 13

  Warner Music, 170–71

  Washington Consensus, 17–18

  Washington Post, 125

  Washington State, 235

  Watson, James, 124

  Watts, Duncan, 126

  Waugh, Rick, 254–55

  Wealth of Nations, The (Smith), 67, 131

  Weill, Sandy, 48

  Weinberg, Peter, 170

  Weizmann, Chaim, 124, 125

  Welch, Jack, 64, 130

  Wen Jiabao, 205–6, 210

  Whitehall Study, 54

  Who Is to Blame? (Herzen), xiv

  Wien, Byron, 142

  Williams, Robin, 127

  Williamson, Jeffrey, 12

  Wilson, Charlie, 255, 258, 272

  Wilson, Thomas, 64

  Winfrey, Oprah, 112

  Winner-Take-All Politics (Hacker and Pierson), 18

  Winters, Jeffrey, 78, 79, 81

  Wipro, 155

  Wolf, Martin, 69

  Wolfers, Justin, 32

  women, 84–87, 218–19

  Wood, Graeme, 175–76

  WorkerExpress, 172

  working rich, 42–46, 52–53, 117, 235, 283

  World Bank, 32, 224, 252–53

  World Economic Forum, 68, 73, 75, 103, 167

  “World Is Changing, The: Some Thoughts on Our Business” (Katzenberg), 127, 130

  World War II, 29

  Worth, Charles, 113–14, 116

  Wu Yajun, 207

  Yahoo!, 172

  Yale Daily News, 267

  Yanukovych, Viktor, 192

  Yardeni, Ed, 250

  Ylvisaker, Paul, 264

  YouTube, 69, 165

  Zain, 66

  Zappos, 69, 230–35

  Zedillo, Ernesto, 250–51

/>   Zhou Zhengyi, 208–9

  Zhukov, Yuri, 103

  Zhu Rongji, 162, 208

  Zhu Yunlai, 208

  Zingales, Luigi, 261–62, 272–73

  Ziobrowski, Alan, 269

  Zoellick, Robert, 69

  Zolli, Andrew, 67

  Zong Qinghou, 204

  Zuckerberg, Mark, 52, 70–71, 121, 147, 175

  Zynga, 164

  Table of Contents

  Title Page

  Copyright

  Dedication

  Introduction

  ONE

  H ISTORY AND W HY I T M ATTERS

  TWO

  C ULTURE OF THE P LUTOCRATS

  THREE

  S UPERSTARS

  FOUR

  R ESPONDING TO R EVOLUTION

  FIVE

  R ENT- S EEKING

  SIX

  P LUTOCRATS AND THE R EST OF U S

  C ONCLUSION

  Acknowledgments

  Notes

  Bibliography

  Index

  Table of Contents

  Title Page

  Copyright

  Dedication

  Introduction

  ONE

  H ISTORY AND W HY I T M ATTERS

  TWO

  C ULTURE OF THE P LUTOCRATS

  THREE

  S UPERSTARS

  FOUR

  R ESPONDING TO R EVOLUTION

  FIVE

  R ENT- S EEKING

  SIX

  P LUTOCRATS AND THE R EST OF U S

  C ONCLUSION

  Acknowledgments

  Notes

  Bibliography

  Index

 

 

 


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