Skip to main content

The Secret Lives of Plutocrats -- In These Times

The Secret Lives of Plutocrats -- In These Times: "Where is Richistan? According to Wall Street Journal reporter Robert Frank, it’s the domain—effectively a country more foreign to us than the other “stans” on the map—of the world’s households that are worth $1 million or more. But these 9 million-plus households, which have more than doubled in number over the past decade, actually are further divided into distinct provinces of Lower, Middle and Upper Richistan, as well as Billionaireville—population 400 and growing."

Comments

Popular posts from this blog

Broken Spring?       : Information Clearing House

Broken Spring?       : Information Clearing House This is a sequel to my June 2011 article, ‘After the spring’, on the upheavals in the Arab world. It is an article that has been painful to write, because it brings bad tidings and offers a pessimistic analysis of the upheavals, at least in the short term, in a number of Arab countries. The outcomes and potential outcomes of these uprisings have also acquired new, very significant dimensions. These include a complex entanglement with the accelerated preparations for a possible attack on Iran, and a poisonous, sectarian aspect that could have the consequence of ripping Syria and the Middle East apart.