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The 9.9 Percent - The New Aristocracy That Is Entrenching Inequality and Warping Our Culture (Hardcover)
Loot Price: R523
Discovery Miles 5 230
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The 9.9 Percent - The New Aristocracy That Is Entrenching Inequality and Warping Our Culture (Hardcover)
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Loot Price R523
Discovery Miles 5 230
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A scorching, trenchant, analysis of how the wealthiest group in
American society is making life miserable for everyone-including
themselves. In 21st century America, the top 0.1% of the wealth
distribution have walked away with the big prizes even while the
bottom 90% have lost ground. What's left of the American Dream has
taken refuge in the 9.9% that lies just below the tip of extreme
wealth. Collectively, the members of this group control more than
half of the wealth in the country-and they are doing whatever it
takes to hang on to their piece of the action in an increasingly
unjust system. They log insane hours at the office and then turn
their leisure time into an excuse for more career-building, even as
they rely on an underpaid servant class to power their economic
success and satisfy their personal needs. They have segregated
themselves into zip codes designed to exclude as many people as
possible. They have made fitness a national obsession even as
swaths of the population lose healthcare and grow sicker. They have
created an unprecedented demand for admission to elite schools and
helped to fuel the dramatic cost of higher education. They channel
their political energy into symbolic conflicts over identity in
order to avoid acknowledging the economic roots of their privilege.
And they have created an ethos of "merit" to justify their
advantages. They are all around us. In fact, they are us-or what we
are supposed to want to be. In The 9.9 Percent, Matthew Stewart
argues that a new aristocracy is emerging in American society and
it is repeating the mistakes of history. It is entrenching
inequality, warping our culture, eroding democracy, and
transforming an abundant economy into a source of misery. He calls
for a regrounding of American culture and politics on a foundation
closer to the original promise of America.
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