Winners Take All

Well written and researched case studies of where we find ourselves in the evolution of capitalism. Research, that is not the topic of this book, indicates that somewhere around $70k is where people start to feel monetarily comfortable and start seeking intangible recognition for their work instead of monetary recognition. It seems that were at or nearing that kind of tipping point in the life of capitalism. Not that markets aren't important, but the idea that only high levels of philanthropy can help mitigate some of the qualms created by capitalism. Some countries have long known this, but in the US the system has been adamant to continue the experiment.

Giridharadas has astutely pointed out the flaws in this way of thinking. His analysis of the imagined opportunity costs supposedly felt by the wealthy philanthropists of the day outlines a growing sentiment sweeping the US.