Book Reviews: How the Wealth Gap Damages Democracy
Two new books explain the rise of economic inequality, and suggestthe rich are different than you or me: they have more political influence.
In 1896, William Randolph Hearst unleashed his pit-bull ace reporter, Ambrose Bierce, in the nation’s capital to expose the Railroad robber baron's grip on California’s Legislature. Reforms happened. The state was returned to its people. Trouble is, some of those fixes are bringing California to its knees.
The Freethinking Homeless Billionaire and the Flat-Broke State
A long list of politicians and a whole industry of fix-it professionals have failed to restore California to its former glory. Did Nicolas Berggruen—Paris-born, art collector, global investor—and his Think Long committee, know how to rebuild the Golden State? And if so, Why didn’t anyone listen?