CHRYSTIA FREELAND ~ PLUTOCRATS

~ TROTNGSR-ATFOEE ~ The Rise Of The New Global Super-Rich – And The Fall Of Everyone Else

~ SIIISASVOOETMOUDRIIH ~ Surging Income Inequality Is Such A Strong Violation Of Our Expectations That Most Of Us Don’t Realize It Is Happening

~ PDHTCTSEITFP-AATEMOTSECG-SDIPM ~ Political Decisions Helped To Create The Super-Elite In The First Place – And As The Economic Might Of The Super-Elite Class Grows – So Does Its Political Muscle

~ MHFTPCALSDBTSFTHEAETP ~ Many Have Found Their Professions, Companies, And Life Savings Destroyed By The Same Forces That Have Enriched And Empowered The Plutocrats

~ WHNPTTTRRWEMAOUR ~ We Have No Proof That Today’s Technology Revolution Really Will Eventually Make All Of Us Richer

~ BSMICTTSIOTGP-IIHTJTLSAI ~ Being Self-Made Is Central To The Self-Image Of Today’s Global Plutocrats – It Is How They Justify Their Luxuries, Status, And Influence

~ COCDLTDTWISMT ~ Champions Of Capital Do Like To Describe Their Work In Strikingly Moral Terms

~ TCBFTIATAEOTPSDASOTTTFBP ~ They Certainly Benefit From The Intellectual Anti-Tax Agenda Elaborated Over The Past Several Decades At Some Of The Think Tanks Financed By Plutocrats

~ T1%HRAABC ~ The 1 Percent Has Remained An All-Boys Club

~ WBWARVOTTUITPC-IMNBAEFSTSTKWLR ~ While Business Won A Resounding Victory Over The Trade Unions In The Previous Century – It May Not Be As Easy For Shareholders To Stop The Knowledge Worker-Led Revolution

~ OWS-ITBBTAC-IITTTIW-WSITMCOC-BIFFARLYWC ~ On Wall Street – In The Battle Between Talent And Capital – It Is The Talent That Is Winning – Wall Street Is The Mother Church Of Capitalism – But Its Flagship Firms Are Run Like Yugoslav Workers’ Collectives

~ ASHBMP-BIEFHSTFWTAPTTCS ~ As Superstars Have Become More Powerful – Bosses In Every Field Have Struggled To Find Ways To Avoid Paying Them The Celebrity Surcharge

~ TRSIAFTFTL-BAAFOFS-RSWMEEBEOTR-IIAFTPOSCADOW-SOTRHRTTITTCEIIRS ~ Today Rent-Seeking Is A Favorite Theme For The Left – But As A Field Of Formal Study – Rent-Seeking Was Most Energetically Elaborated By Economists On The Right – It Is, After All, The Product Of State Control And Distribution Of Wealth – Some On The Right Have Returned To The Idea That The Central Economic Ill Is Rent-Seeking

~ AFCBRSIOCCHAPETOMA-BFC-A-I-IN-ABBUBEMO-PR ~ A Fortune Created By Rent-Seeking In One Country Can Have A Powerful Effect Thousands Of Miles Away – Britain’s Football Clubs – And – Increasingly – Its Newspapers – Are Being Bought Up By Emerging Markets Oligarchs – Particularly Russians

~ ASOTBL-TNRWMLDBTWABAA-TIAPWOSBATLWAOTR-IIAFPGA-YCMTSPATASR ~ Another Shibboleth Of The Banking Lobby – That New Rules Would Make Little Difference Because They Would Always Be Arbitraged Away – This Is A Polite Way Of Saying Bankers And Their Lawyers Will Always Outsmart Their Regulators – It Is A Familiar Poacher-Gamekeeper Argument – You Can Make The Same Point About Terrorists And Security Regulations

~ SEAOTPOASME-B-I-ATIGTCBIO-MLSTTTPFIODOA-NTLI-ITSOFTFAOC ~ Super-Elites Are Often The Product Of A Strong Market Economy – But – Ironically – As Their Influence Grows They Can Become Its Opponents – Most Lobbying Seeks To Tilt The Playing Field In One Direction Or Another – Not To Level It – In The Sense Of Fostering Truly Free And Open Competition

~ AINOPAMOTSET ~ An Increasing Number Of Politicians Are Members Of The Super-Elite Themselves

~ EWHPTTISCBTTPUTLTCTTT ~ Elites Who Have Prospered Thanks To Inclusive Systems Can Be Tempted To Pull Up The Ladder They Climbed To The Top

~ EDSTSTCTOP-BESFPCBBBTOSTSIIUTFOTOSP ~ Elites Don’t Sabotage The System That Created Them On Purpose – But Even Smart, Farsighted Plutocrats Can Be Betrayed By Their Own Short-Term Self-Interest Into Undermining The Foundations Of Their Own Society’s Prosperity

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