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The Poor and the Plutocrats – From the poorest of the poor to the richest of the rich - Oxford Scholarship Online
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The Poor and the Plutocrats: From the poorest of the poor to the richest of the rich

Francis Teal


This book begins with the incomes of the first trillion-dollar company Apple and ends with the advent of Trump and Brexit. Apple symbolizes the arrival of the mega-company and, along with that technology, has come the super-incomes of the plutocrats. In this book we examine the source of those plutocratic incomes and why they have grown so rapidly, generating the anger of those left-behind whose incomes have grown so much less, if at all. The book seeks to provide an explanation of how a world has emerged with such incomes co-existing with dire poverty. It does this by using a lot of data so t ... More

Keywords: the geography of poverty, sources of plutocratic incomes, absolute and relative poverty, changing inequality across countries and over time, the fall and rise of the 1 per cent, technology and unskilled wages

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9780198870142
Published to Oxford Scholarship Online: March 2021 DOI:10.1093/oso/9780198870142.001.0001


Affiliations are at time of print publication.

Francis Teal, author
Research Associate, Centre for the Study of African Economies, University of Oxford