The Global Super-Rich... And Everyone Else, The wealthy elite often don't see themselves as citizens belonging to any country. The Rise of the Super-Rich Is a Global Phenomenon: Chrystia Freeland, The growing gap between the top 1% and the rest of the U.S. population has emerged as a major issue in this year's presidential campaign, but it's not likely to narrow much no matter who wins, says Chrystia Freeland, author of the new book "Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else."
As the title suggests, "the increase in income inequality" in the U.S. is not just a domestic development but "is happening in all Western industrialized countries," Freeland tells The Daily Ticker in the accompanying interview. "And crucially you're seeing the same phenomenon in the big emerging market economies."
Freeland says globalization is at the root of income inequality around the world. Both capital and labor are global therefore businesses leaders must maintain a global perspective, says Freeland.
As the title suggests, "the increase in income inequality" in the U.S. is not just a domestic development but "is happening in all Western industrialized countries," Freeland tells The Daily Ticker in the accompanying interview. "And crucially you're seeing the same phenomenon in the big emerging market economies."
Freeland says globalization is at the root of income inequality around the world. Both capital and labor are global therefore businesses leaders must maintain a global perspective, says Freeland.
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