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

4.05  ·  Rating Details ·  22 Ratings  ·  6 Reviews
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. Such concentrated economic power reverberates throughout society, threatening the quality of life and the very functioning of dem ...more
Hardcover, 280 pages
Published March 27th 2012 by Beacon Press (first published January 1st 2012)
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Ariadna73
Feb 27, 2013 Ariadna73 rated it it was amazing
Shelves: economy
Hey; check out my review in Spanish! (http://bit.ly/Tgo8fy)
This book describes how billionaires are driven by greed and have no regard for the condition of millions of people that daily die of hunger. It shows how this group of very reach people has lost all humanity and only thinks about accumulating more and more in order to have more and more. In the first chapter; it describes an imaginary parade where the smallest people are the ones who make the least money and the tallest are those who ma
...more
Bakari
Jun 02, 2012 Bakari rated it really liked it
So far I've read about half of the first chapter (Amazon free download). This book gives an awesome picture of the economic 1%, and even the .01% in this country and how filthy rich individuals and families are in this country and the around the world. For example, one of the world's 1,011 billionaires John Paulson has a personal fortune of $12 billion. In 2010, Paulson's $4.9 billion income was more than 100,000 times the average US income.

This kind of billionaire wealth has essentially crated
...more
Lissa
There's plenty of finger-pointing and blame to be had when it comes to the housing bubble burst and the resulting recession, and the authors of this book place the lion's share of that blame on Wall Street and those who took risky gambles there. The predatory lending (I can't help but think of the AmeriQuest lending commercials that used to air all of the time, geared towards those who couldn't afford a mortgage), the insane lack of oversight, and the casino-like atmosphere that took hold on the ...more
Craig Munier
Oct 10, 2013 Craig Munier rated it it was amazing
What if we could provide an $18,000 education trust for every young person in this country to use to go to college or to seek vocational training upon turning 18 years of age? In essence increasing the Federal Pell Grant by nearly 50% a year and expanding a similar benefit to every young person in this country regardless of income. This book clearly lays out the argument of why and how we as a people can do just that and more. Our country needs to be taken back alright, but it's not by those who ...more
Nadine Dajani
Apr 17, 2013 Nadine Dajani rated it really liked it
Read this book as "The Trouble with Billionaires", the title under which it was released in Canada a few years ago. Excellent read - far more informative than 'Plutocrats'.
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Well-written and well-researched.
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Described as ‘Canada’s Michael Moore’ by the country’s National Post, Linda McQuaig is an award-winning investigative reporter and columnist for the Toronto Star. She is the author of seven Canadian bestsellers, which have earned her a reputation as a fierce critic of the establishment.
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