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Summary Of The Trouble With Billionaires

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The Trouble with Billionaires is an insightful book about many key issues that the world is faced with today that is caused by billionaires, some of these issues include things like monopolies and how they are not only harmful and potentially dangerous for economies but also how they cause harm for society. The book highlights many of the societal dangers and social injustices that are associated with the inequalities of wealth, income and political power. The Trouble with Billionaires tries to bring light to the many issues that are caused and faced by billionaires even though they are such a small percentage of the population. The book states that in 2013 there were at least 1400 individual billionaires in the world. (Brooks & McQuaig, 2010). …show more content…

Knowing that the author has a very diverse and in-depth knowledge about this subject really improves my impressions of this book since the author is passionate about what they are writing about and is well informed about the subject even having formal journalist education from the University of Toronto. There are three major key concepts that The Trouble with Billionaires focuses on throughout the whole book. Since the book drives most of its arguments and theories on how billionaires are ruining the world for the rest of the population it is no surprise that it would focus on globalization as well as class and work for its major conceptual focuses. Defined by the textbook, globalization is the integration of international trade and finance markets. (Little, 2014). Although there are many forms of globalization such as cultural globalization which integrates different cultures, but the three biggest being political, social and economic …show more content…

This state of class can be displayed through the many class symbols that exist in the world, such as high class branded clothing and cars, this flaunting of wealth and power creates class division between billionaires and the rest of the population. The book highlights these main issues of class division and globalization very well, The Trouble with Billionaire takes a whole chapter to discuss this, titling the chapter “Why Billionaires are Bad for Your Health”, (Brooks & McQuaig, 2010), this chapter goes on to talk about billionaires and how their influence on the world affects common individual’s day to day lives. Discussing the many inequalities that form due to the mere existence of billionaires, claiming that due to their excessive wealth inequalities form from the unequal share of wealth and income. (Brooks & McQuaig, 2010). Whether the author’s way of thinking is the correct one for this topic is

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