Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (60 page)

London, City of, 211, 214, 217, 218, 219, 227

London School of Economics, 227

London Whale, 260

Long Depression, 7, 9, 41

long tail, 100, 126–27

López-Calva, Luis-Felipe, 197

Lora, Eduardo, 31

Los Angeles Times,
76

lucky job club, 175–76

Luddites, 12–13, 96–97

Ludicorp, 172

Lu Guanqiu, 204

Lumière, Louis and Auguste, 98

Luxos,
46

luxury goods and services, 102, 104, 106

Mac 400 electrocardiograph, 157–58

Macpherson, Elle, 74

Maddison, Angus, 8–9, 16

Madonna, 107

Magna Carta, 148

Mail.ru, 66, 163

Maira, Arun, 201

Major, John, 148

Malaysia, 149

managerial class, 131–36, 138

Mankiw, Greg, 268

Manning, Alan, 24

Manny, The
(Peterson), 1–2

Mantle, Mickey, 108–9

Maples, Mike, 165

Marron, Donald, 142

Marshall, Alfred, 50, 95–97, 99, 101, 105, 108–12, 116, 118–19, 123, 131

Marshall, George C., 181

Marshall Scholarship, 181–82

Martin, Bradley, 6–7, 8, 14, 36, 37, 114

Martin, Cornelia, 6–7

Martin, Paul, 216–17, 250–51

Martin, Roger, 116–17, 123, 135

Marx, Elisabeth, 63

Marx, Karl, 42, 75, 89, 118, 284

Marxism, 14

material power index (MPI), 81

Matthew, Saint, 122–23

Matthew effect, 123, 126, 127–28

Mazumdar-Shaw, Kiran, 33

McCartney, Paul, 109

McFaul, Mike, 144

McKinsey, 52, 60, 121

Bloomberg/Schumer report by, 211–15, 227

Global Institute, 165–66

Means, Gardiner, 131–34, 138

Mediaite, 164

Mellin, Joe, 172

Merrill Lynch, 102, 119, 214–16

Merton, Robert, 50, 123–24, 127, 175

Mexico, 193–98

Slim and, 195–96

Meyer, Christopher, 222

Microsoft, 171, 176, 191, 234, 280, 282, 283

middle class, 240–41, 285

Midler, Bette, 127–28

Milanovic, Branko, ix–x, 16, 26, 194–96

Mill, John Stuart, 43

Miller, Steve, 27

Milner, Yuri, 52, 163–64, 171

Mindich, Eric, 271

minimum wage, 17, 91

Mir Osman Ali Khan, 191

Mishra, Prachi, 222, 223

Missner, Marshall, 124

Mittal, Aditya, 59, 161–62

Mittal, Lakshmi, 161, 192

Mittal Steel, 161, 191–92

Mokyr, Joel, 16–17

Monaco, 63

Moneyball
(Lewis), 129

Monitor Group, 222, 227

Morgan, J. P., 6, 119

Morgan Stanley, 63, 122

Moritz, Michael, 234

mortgage market, 146, 166–67, 169–70, 217

Mossler, Fred, 233

motion picture industry, 98, 100, 109, 127–30

Mount, Harry, 57, 67

Moyo, Dambisa, 266

Mubarak, Hosni, 144

Mullainathan, Sendhil, 138–40

Müller-Ötvös, Torsten, 46

Murphy, Kevin J., 131–34, 137

Murray, Charles, 286

music industry, 109–10, 126–27, 170–71

n-11 economies, 30

Nakamoto, Michiyo, 169

Naspers, 66

Neeleman, David, 156–57

Netherlands, 16

NetJets, 2, 66

New Class, 264–69

New Class, The
(Djilas), 89–90

New Deal, 13–14, 132–34, 177

Newsweek,
127

New Yorker,
33

New York Times,
6, 7, 39, 45, 70, 125, 126, 140, 165, 174, 227, 258, 268

New York World,
7

New Zealand, 3, 159–60

Next Convergence, The: The Future of Economic Growth in a Multispeed World
(Spence), 20

Nicaragua, 191

Niccolini, Julian, 36

Nigeria, 66

Nobel, Alfred, 71

Nobel Prize, 50, 69, 123, 124, 126, 175

Nolte, Nick, 127

Nucor, 158

Oakland A’s, 129

Obama, Barack, x, 18, 92–93, 242–43, 245, 247, 249, 250, 258, 269

as empiricist, 93

Observer,
74

Occupy movement, 28, 42, 80, 83, 92, 238, 244–45, 248–51

O’Connor, Caroline, 171–72

Odnoklassniki, 163

OECD, 3

O’Neill, Jim, 19, 21, 29–30, 33

one percent, xii, 135

0.1 percent vs., 79–83

99 percent vs., 80

during 1940s–1970s period, 14

in economic recovery of 2009–2010, xiii

political vs. economic focus on, xiv

share of national income, 3, 14

Open Society Foundations, 70, 77

Orange Revolution, 79–80, 192

Orlov, Yuri, 90

Orszag, Peter, 18

Orwell, George, 90

outsourcing, 92, 105, 106, 155, 179, 241

Oxford University, 62

Page, Larry, 55

PaineWebber, 142

Palin, Sarah, 83, 223

Pangea3, 106–7

paradigm shifts, 144, 145, 164

see also
revolutions

paradox of happy peasants and miserable millionaires, 31–32, 51, 82

Paulson, Hank, 213, 271–72

Paulson, John, 148, 244

Pavarotti, Luciano, 97, 98

pay for performance, 136, 138, 139

PayPal, 171, 183

Perella, Joe, 170

Peru, 82

Peterson, Holly, 1–3, 52, 80–81

Peterson, Pete, 1, 36–37, 44–45, 70, 78, 80

Petrarca, Francesco, 278

philanthro-capitalism, 71, 74–76, 264, 267

philanthropy, 70–76, 246, 264

Philippines, 25

Philippon, Thomas, 48, 53, 220–21

Pierson, Paul, 18