An urgent, timely, and compelling message with nearly limitless implications.
The consequences of unfettered avarice.
New York Times global economics correspondent Goodman mounts a scathing critique of the greed, narcissism, and hypocrisy that characterize those in “the stratosphere of the globe-trotting class,” many of whom gather at the annual World Economic Forum held in the Swiss Alpine town of Davos. Davos Man—an epithet coined by political scientist Samuel Huntington—is “an unusual predator whose power comes in part from his keen ability to adopt the guise of an ally.” The “relentless plunder” perpetrated by Davos Man, Goodman argues persuasively, “is the decisive force behind the rise of right-wing populist movements around the world,” leading to widening economic inequality, intense public anger, and dire threats to democracy. The author closely examines five individuals: private equity magnate Stephen Schwarzman; JPMorgan Chase executive Jamie Dimon; asset manager Larry Fink; Amazon’s Jeff Bezos; and Salesforce founder and CEO Marc Benioff, who promotes himself as “the most empathetic corporate chieftain.” At the same time that these men broadcast their concern for social justice, they enrich themselves by manipulating economies, lobbying politicians, eviscerating regulations, weakening government oversight, and extracting huge tax benefits. Fink’s professed concern for the environment, for example, is really an alarm about risk to investments: “In a world under assault by rising seas and turbulent weather, how safe was real estate, and what were the implications for mortgage-backed securities?” During the mortgage crisis, Schwarzman’s company bought foreclosed properties, amassing a large inventory that it leased to desperate renters. With their yachts, multiple mansions, and private islands, they prove themselves “unmoored from the rest of human experience.” Reining in Davos Man, Goodman asserts, “can happen only through the exercise of democracy—by unleashing strategies centered on boosting wages and working opportunities, by erecting new forms of social insurance, by reviving and enforcing antitrust law, by modernizing the tax code to focus on wealth.”
An urgent, timely, and compelling message with nearly limitless implications.Pub Date: Jan. 18, 2022
ISBN: 978-0-06-307830-7
Page Count: 480
Publisher: Custom House/Morrow
Review Posted Online: Nov. 9, 2021
Kirkus Reviews Issue: Dec. 1, 2021
BOOK REVIEW
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
BOOK REVIEW
IN THE NEWS
Deliberately provocative, with much for left-inclined activists to ponder.
A wide-ranging critique of leftist politics as not being left enough.
Continuing his examination of progressive reform movements begun with The Cult of Smart, Marxist analyst deBoer takes on a left wing that, like all political movements, is subject to “the inertia of established systems.” The great moment for the left, he suggests, ought to have been the summer of 2020, when the murder of George Floyd and the accumulated crimes of Donald Trump should have led to more than a minor upheaval. In Minneapolis, he writes, first came the call from the city council to abolish the police, then make reforms, then cut the budget; the grace note was “an increase in funding to the very department it had recently set about to dissolve.” What happened? The author answers with the observation that it is largely those who can afford it who populate the ranks of the progressive movement, and they find other things to do after a while, even as those who stand to benefit most from progressive reform “lack the cultural capital and economic stability to have a presence in our national media and politics.” The resulting “elite capture” explains why the Democratic Party is so ineffectual in truly representing minority and working-class constituents. Dispirited, deBoer writes, “no great American revolution is coming in the early twenty-first century.” Accommodation to gradualism was once counted heresy among doctrinaire Marxists, but deBoer holds that it’s likely the only truly available path toward even small-scale gains. Meanwhile, he scourges nonprofits for diluting the tax base. It would be better, he argues, to tax those who can afford it rather than allowing deductible donations and “reducing the availability of public funds for public uses.” Usefully, the author also argues that identity politics centering on difference will never build a left movement, which instead must find common cause against conservatism and fascism.
Deliberately provocative, with much for left-inclined activists to ponder.Pub Date: Sept. 5, 2023
ISBN: 9781668016015
Page Count: 256
Publisher: Simon & Schuster
Review Posted Online: June 28, 2023
Kirkus Reviews Issue: Aug. 1, 2023
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