Good Rich and What They Cost Us

£25.00

Good Rich and What They Cost Us

History of the Americas Social classes Charities, voluntary services and philanthropy Economic history

Author: Robert F. Dalzell

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Language: English

Published by: Yale University Press

Published on: 8th January 2013

Format: LCP-protected ePub

Size: 224 pages

ISBN: 9780300188882


Introduction

This timely book holds up for scrutiny a great paradox at the core of the American Dream: a passionate belief in the principle of democracy combined with an equally passionate celebration of the creation of wealth. Americans treasure an open, equal society, yet we also admire those fortunate few who amass riches on a scale that undermines social equality. In today's era of vulture capitalist hedge fund managers, internet fortunes, and a growing concern over inequality in American life, should we cling to both parts of the paradox? Can we?

Author's Approach

To understand the problems that vast individual fortunes pose for democratic values, Robert Dalzell turns to American history. He presents an intriguing cast of wealthy individuals from colonial times to the present, including George Washington, one of the richest Americans of his day, the robber baron John D. Rockefeller, and Oprah Winfrey, for whom extreme wealth is inextricably tied to social concerns. Dalzell uncovers the sources of contradictory attitudes toward the rich, how the very rich have sought to be perceived as good rich, and the facts behind the widespread notion that wealth and generosity go hand in hand. In a thoughtful and balanced conclusion, the author explores the cost of our longstanding attitudes toward the rich.

Case Studies

Among the case studies in America's Good Rich: Puritan merchant Robert Keayne, George Washington, Manufacturers Amos & Abbot Lawrence, Oil magnate John D. Rockefeller, Bill Gates, Warren Buffet, Steve Jobs, Oprah Winfrey.

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