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Editorial Rating

8

Qualities

  • Controversial
  • Eye Opening
  • Bold

Recommendation

The United States is home to an unsavory culture that adulates the wealthy. This vile tendency has given rise to a “neofeudalism,” whereby the elite dictate policy decisions and fund initiatives purported to create a better world. But this mind-set undermines the system that is already in place to effect social change: democracy. Author and journalist Anand Giridharadas, in conversation with Institute for New Economic Thinking president Rob Johnson, offers a scathing examination of the hubris and hypocrisy of the world’s worst economic reprobates – who act as its redeemers.

Take-Aways

  • A “neofeudalism” is taking shape whereby the world’s richest entrepreneurs resemble the aristocracy of old.
  • A pervasive culture dupes young people aspiring to do good into believing the best way to foment change is through the tools of “extreme capitalism.”
  • Neofeudalism is undermining democracy – the system already in place to improve people’s lives.

About the Speakers

Anand Giridharadas, author of Winners Take All: The Elite Charade of Changing the World, is a former New York Times columnist and is an editor-at-large for Time. Rob Johnson is president of the Institute for New Economic Thinking.