Category Archives: Ruling Class

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RECENT NEWSLETTERS

Do We Really Need Billionaires?

In March 2018, Forbes reported that it had identified 2,208 billionaires from 72 countries and territories.  Collectively, this group was worth $9.1 trillion, an increase in wealth of 18 percent since the preceding year.  Americans led the way with a record 585 billionaires, followed by mainland China which, ... Read more

The Fund For Needy Millionaires

Many people imagine the state as a kind of referee — a transcendent mediator enforcing theoretically neutral rules, arbitrating as fairly as possible between different interest groups in society. This faith in the state’s basic neutrality leads even people who care about inequality to miss the big picture, which ... Read more