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Forget the 1% - it's time to get to grips with the 0.1% ... There has always been some gap between rich and poor, but it has never been wider - and now the rich are getting wealthier at such breakneck speed that the middle classes are being squeezed out. While the wealthiest 10% of Americans, for example, receive half the nation's income, the real money flows even higher up, in the top 0.1%. As a transglobal class of highly successful professionals, these self-made oligarchs often have more in common with one another than with their own countrymen. But how is this happening, and who are the people making it happen? Chrystia Freeland, acclaimed business journalist and Global Editor-at-Large of Reuters, has unprecedented access to the richest and most successful people on the planet, from Davos to Dubai, and dissects their lives with intelligence, empathy and objectivity. Pacily written and powerfully researched, Plutocrats could not provide a more timely insight into the current state of Capitalism and its most wealthy players. 'A superb piece of reportage ... a tremendous illumination' (New Statesman on Freeland's previous title, Sale of the Century)
In the 1990s, all eyes turned to the momentous changes in Russia, as the world's largest country was transformed into the world's newest democracy. But the heroic images of Boris Yeltsin atop a tank in front of Moscow's White House soon turned to grim new realities: a currency in freefall and a war in Chechnya; on the street, flashy new money and a vicious Russian mafia contrasted with doctors and teachers not receiving salaries for months at a time. If this was what capitalism brought, many Russians wondered if they weren't better off under the communists. This new society did not just appear ready-made: it was created by a handful of powerful men who came to be known as the oligarchs and t...
Since the breakup of the Soviet Union in 1991, former Soviet republic Ukraine has struggled against its “giant neighbor to the north”—Russia— to maintain its sovereignty. In early 2014 tensions turned to conflict as Vladimir Putin, determined to keep Ukraine from forging stronger ties with the West, seized Crimea and fomented conflict in eastern Ukraine. In the latest Brookings essay, Chrystia Freeland, a former Ukrainian-based reporter with strong family ties to the country, offers a personal reflection on the conflict and the sentiment of the Ukrainian people. She highlights the fact that despite historic, cultural, and linguistic ties between the two countries, Ukrainians stand defiant in their desire for independence.
In October 2015, Canadians elected a prime minister who promised to rehabilitate Canada's reputation globally. Justin Trudeau, "the free world's best hope" according to Rolling Stone Magazine, cultivated his image as a staunch advocate for a generous, liberal international order: maintaining peace, helping migrants and refugees, seeking dialogue and enhancing relations with other countries, and reengagement with the UN. Foreign affairs expert Jocelyn Coulon had a front row seat as a key Liberal party advisor during the election and early days of the Trudeau government. Coulon describes the ambitious policy proposals of candidate Trudeau. He analyses some key actions of Trudeau the prime mini...
In the last few decades what it means to be rich has changed dramatically. Forget the 1%; it's the wealthiest .01% who are fast outpacing the rest of us. Today's colossal fortunes are amassed by the diligent toiling of smart, perceptive businessmen who see themselves as deserving victors in a cutthroat international competition. Cracking open this tight-knit world is Chrystia Freeland, an acclaimed business journalist. At ease in Davos or Dubai, Freeland has reported on the lives and minds of these new super-elites for nearly a decade. Grounding her interviews in the economics and history of modern capitalism, she provides examples of the new wealth and its consequences. She showcases the $3 million birthday party of a New York financier months before the financial meltdown; details the closed-door 2005 SEC meeting where the US government allowed investment banks to write their own regulatory laws; and tells how the Bank of Canada's Mark Carney became a key figure in the central battle between the plutocracy and the rest of us. Brightly written and powerfully researched, Freeland's Plutocrats will be a lightning rod event in the midst of the US election season.
This book is like a time capsule containing a selection of interviews that aired on Hromadske Radio’s Ukraine Calling show. They capture what people were thinking during a critical time in the country’s history, from the July 2016 NATO Summit through to Volodymyr Zelenskyy’s 2019 landslide election victories. Decision makers, opinion makers, and other interesting people commented on events of the day as well as larger issues. Topics range from politics to sports, religion, history, war, books, diplomacy, health, business, art, holidays, foreign policy, anniversaries, public opinion to freedom of speech. Interview guests include Canada’s then Foreign Minister Chrystia Freeland, writer...
Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started o...
An uncompromising portrait of identity, family, religion, race, and class that “cuts to the bone” (Publishers Weekly, starred review) told through Omer Aziz’s incisive and luminous prose. In a tough neighborhood on the outskirts of Toronto, miles away from wealthy white downtown, Omer Aziz struggles to find his place as a first-generation Pakistani Muslim boy. He fears the violence and despair of the world around him, and sees a dangerous path ahead, succumbing to aimlessness, apathy, and rage. In his senior year of high school, Omer quickly begins to realize that education can open up the wider world. But as he falls in love with books, and makes his way to Queen’s University in Ont...
Historically, men have been more likely to be appointed to governing cabinets, but gendered patterns of appointment vary cross-nationally, and women's inclusion in cabinets has grown significantly over time. This book breaks new theoretical ground by conceiving of cabinet formation as a gendered, iterative process governed by rules that empower and constrain presidents and prime ministers in the criteria they use to make appointments. Political actors use their agency to interpret and exploit ambiguity in rules to deviate from past practices of appointing mostly men. When they do so, they create different opportunities for men and women to be selected, explaining why some democracies have ap...
An inside, in-depth look at the leadership of Justin Trudeau, by a veteran political journalist A must-read for all Canadians before the next federal election Justin Trudeau came to power on the promise of “hope and hard work” and a pledge to seek a common good for all Canadians. From the outset, his critics called him naive, inexperienced and a danger to the economy. His proponents have touted his intentions for the middle class, the environment and refugees, which they argue have moved forward real change despite challenges and criticism. Veteran political journalist Aaron Wherry has extensively interviewed decision-makers, influencers and political insiders, from the prime minister’...