Home » Billionaires Ball: Gluttony and Hubris in an Age of Epic Inequality by Linda McQuaig
Billionaires Ball: Gluttony and Hubris in an Age of Epic Inequality Linda McQuaig

Billionaires Ball: Gluttony and Hubris in an Age of Epic Inequality

Linda McQuaig

Published
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Kindle Edition
280 pages
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 About the Book 

The concentration of wealth today in such a small number of hands inevitably created a dynamic that led to freewheeling financial speculation—a dynamic that produced similarly disastrous results in the last great age of inequality, in the 1920s. SuchMoreThe concentration of wealth today in such a small number of hands inevitably created a dynamic that led to freewheeling financial speculation—a dynamic that produced similarly disastrous results in the last great age of inequality, in the 1920s. Such concentrated economic power reverberates throughout society, threatening the quality of life and the very functioning of democracy. As McQuaig and Brooks illustrate, its no accident that the United States claims the most billionaires but suffers from among the highest rates of infant mortality and crime, the shortest life expectancy, and the lowest rates of social mobility and electoral political participation in the developed world.In Billionaires Ball, McQuaig and Brooks take us back in history to the political decisions that helped birth our billionaires, then move us forward to the cutting-edge research into the dangers that concentrated wealth poses. Via vivid profiles of billionaires—ranging from philanthropic capitalists such as Bill Gates to hedge fund king John Paulson and the infamous band of Koch brothers—Billionaires Ball illustrates why we hold dearly to the belief that they earned and deserve their grand fortunes, when such wealth is really a by-product of a legal and economic infrastructure thats become deeply flawed.