Winners Take All

by Anand Giridharadas

 

I wanted to know more about the economic and political forces that drove us to this tumultuous moment in time. But I didn’t want to read more Trump, Trump, Trump. And so I chose Giridharadas’s book, published in 2018, about 1 Percenters and aspiring 1 Percenters and their role in creating our current mess.

I like Giridharadas’s approach to income inequality and what it’s led to: rising populism and social turmoil. Rather than interview politicians and the losers of this economic war — as so many journalists do — Giridharadas grills the “winners” and lets their own words condemn them. Each of them claims a desire to do public good, but nearly all of them find reasons to justify the big-picture status quo, which just happens to let them continue to do well.

Ultimately, the book is about rationalization. It details the decades-long shift of big business from community partners to enthusiastic globalists. It explains how throwing crumbs to the hometown public through so-called public initiatives allows the elites to sleep at night. The author’s interview with wealthy heir/philanthropist Laurie Tisch is telling:

Tisch:  “The people who get to take advantage of the system, why would they really want to change it? They’ll maybe give more money away, but they don’t want to radically change it.”

Giridharadas:  Was there anything she could imagine that would convince them otherwise?

Tisch:  “Revolution, maybe.”

 

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