The top one percent own about one-third of the assets in America
and 40 percent of assets around the world. This concentration of
financial resources in many countries gives the ultra-rich
extraordinary influence over elections, public policy, and
governance. In his new book, Darrell M. West analyzes the growing
political activism of billionaires and how they have created more
activist forms of politics and philanthropy based on their net
worth. With this "wealthification" of politics and society, it is
important to understand how this concentration of wealth affects
system performance as well as social and economic opportunity.
Through personal interactions and rich anecdotes, West takes us
inside the world of the super-wealthy through a balanced and
insightful analysis of U.S. billionaires such as Sheldon Adelson,
David and Charles Koch, George Soros, Michael Bloomberg, Bill
Gates, Peter Thiel, Donald Trump and Tom Steyer. And looking
abroad, West analyzes the billionaires who have run for office in
nations such as Austria, Australia, France, Georgia, India, Italy,
Russia, Thailand, and the Ukraine. From oligarchs in Russia and
Eastern Europe to princelings in China, tycoons raise important
questions about political influence, transparency, accountability,
and government performance. This book argues that countries need
policies that promote better transparency, governance, and
opportunity.
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