Cori's Reviews > Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich

Richistan by Robert    Frank

by
1824569
's review
Jul 16, 10

bookshelves: finance, non-fiction, politics
Read from July 15 to 16, 2010

This book is thought provoking. Some sections were nothing short of a disgusting display of gluttony. The Barbarians in the Ballroom and Size Really Does Matter chapters had me shaking my head in disbelief. I had no idea something like a shadow boat even existed!

I do think I fall in line with the idea that I don't begrudge "Richistanis" their wealth and good fortune. Frank did an excellent job of showing how driven many of the members of the new wealthy class are, but some of them just got lucky.

I was most intrigued by the Performance Philanthropy section and even looked into A Glimmer of Hope foundation.

I liked the conclusion. "Through smarter philanthropy like Berber's, Richistanis can eventually fulfill Carnegie's 100-year-old dream of a 'reconciliation between rich and poor, a reign of harmony.' Yes, one can hope, but I'm not sure that I buy it. He even has a section that goes into detail about the apathetic hands that this wealth will eventually fall into, and I don't think I they're humanities last best chance...

And one of the best parts about reading this book now, is the "great recession" perspective!

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