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Stinking Rich: The Four Myths of the Good Billionaire

By (author) Carl Rhodes

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Billionaires are an ultra-elite social class whose numbers are growing alongside their obscene wealth while others struggle, suffer or even die. They represent a scourge of economic inequality, but how do they get away with it? A set of dangerous and deceptive inter-connected myths portrays them as a â€˜force for goodâ€™: - the â€˜heroic billionaireâ€™ asserts they are gallant protagonists of the American Dream gone global - the â€˜generous billionaireâ€™ pretends that their philanthropic efforts and personal good deeds should be lauded for generosity and benevolence - the â€˜meritorious billionaireâ€™ insists that extreme wealth is a worthy reward for individual hard work and talent - the â€˜vigilante billionaireâ€™ claims to be able to solve the worldâ€™s biggest problems where bureaucrats and politicians have failed. Each of these myths enables billionaire wealth and power to set us back to old-style feudalism and plutocracy. Offering a trenchant critique, this incisive book testifies to the growing international political will to take concrete actions in supporting economic justice and democratic equality.

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