plutocrats

ChrystiaFreelandheadshot

The Very Rich Are Very Different: Chrystia Freeland Introduces Us to the New Global Elite

There are no beggars, no factory workers, no coal miners, hospital nurses, outsourced office hands or middle school teachers who figure prominently in Plutocrats (Penguin Press, 336 pages, $27.95), Chrystia Freeland’s new book on rising income disparity. (Call-center workers at startup whiz Tony Hsieh’s Zappos do make a cameo.) That’s by design. It’s Ms. Freeland’s stated intent to examine the widening gap between the mega-rich and the rest of us through the lives and careers of the men—yes, men—at the top. (The book’s full, ominous title is Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else.) That means, as her discussion of the distaste affluent Americans have for the word “rich” suggests, a study of the plutocrats on their own terms, and not, say, according to the 99/1 rhetoric posited by Occupy Wall Street.

And so the book is populated by financial, technological and emerging-market entrepreneurs peering down from their mountaintops, as well as the closest cousins of the fortunate few: the elite artists, artisans and thinkers who cater to, study or simply swim in the slipstream of the extremely rich. Read More

The Russians

The Little Oligarch in Exile

“I’m afraid to go back to Russia,” said Pavel Khodorkovsky. The 25-year-old is the oldest son of Mikhail Khodorkovsky, the Russian oligarch whom the Kremlin had sent back to prison several days before on new charges of embezzlement.

“If anything happened to me,” he said, pausing, as if to contemplate the inscrutable darkness of the Read More