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

51fN15CpmmL._SX324_BO1,204,203,200_A few years ago, I lost perhaps my favorite liberal talking head Chrystia Freeland in the North American media to the world of Canadian politics. Freeland is now in the Cabinet of Canada as Minister for International Trade following the liberal party victory in October’s national election.

Freeland entered politics in 2013 after writing about it for years and years. Her analysis always combined a progressive world view with a practical understanding of global politics. She was feisty often clashing aggressively with the dogmatic conservative Washington class self-riotous blowhards. Her knowledge of world affairs would trumps theirs which is a place where so many liberal American talking heads fall down – the world view American progressives have is often a lot less informed that that of Freeland’s.

Freeland’s last work before entering politics was Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else . It’s a brilliant narrative about how the world’s wealth has been concentrated in a few hands. Those hands are not tied per se to one country but are multinational, jet set type individuals who are as comfortable in Mumbai, Singapore or Sao Paulo as they are in New York or London.

The book delves deep into the motivations for this class and the ability they have demonstrated to manipulate government oversight – or in some cases just avoid it completely. A look at recent history of the rich around the globe is woven into personality profiles –  including the need to educate ones family in British or American schools and the use of English as the global link language between these transnational figures.

A take away from the book is that even in the most subtle ways this global elite has rigged the game in their favor. Freeland offers ideas of how we can begin to curb those excesses and create a society that works for all of us. Considering her new role in the Canadian Cabinet, it’s great that someone of her thinking and values system will have that important perch – it is something citizens not just in her home country but throughout the globe should be thankful for.


  1. You know, she isn’t as liberal as you think she is on trade, right? Go back and look at her by election. Many of her proposals to deal with income inequality are quite conservative. It shocks me that people in the US think that Freeland is some sort of progressive champion. She really isn’t.


    1. I’m not a protectionist. I believe in free (but fair ) trade and one borders granted security is high. The anti-free-trade position is actually a conservative position. Americans think of it as liberal because unions are taking that position.


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