The 1% and the Rest of Us
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INDEX
1%, 1, 3ff, 26–32, 35–8, 40, 45, 48, 63, 65, 76, 86, 89, 90–2, 96ff, 107, 110, 115, 118ff, 129–31, 136ff, 152, 155, 163, 175, 178–9, 185, 187, 190ff, 198ff, 219
99%, 3, 16–19, 45, 74, 92–3, 99, 155, 179, 190, 192, 197ff, 208ff
Abramovich, Roman, 158
accounting agencies, 74
accumulation, 3, 5, 8, 10, 14, 16, 21, 25–7, 49, 55–6, 63–4, 74, 76, 77, 80, 105, 112, 119–21, 129–30, 132, 136, 148, 152–3, 160, 163, 165, 172, 179, 188, 191, 199, 200, 219
acquisitions, 194–5, 204
Africa, 42, 44, 104, 111, 133
agricultural revolution, 120
al-Maktoum, Sheik Mohammed bin Rashid, 158
Allianz Global Wealth Report, 28
Alperovitz, Gar and Lew Daly, 185
Alwaleed bin, Talal, 22
American Civil War, 126, 147
Americas, the, 44, 113
Andraka, Jack, 211
architecture of capitalization, 14; of the capitalist mode of power, 87; see also capital as power
arms traders, 101
Atwood, Margaret, 19
austerity, 2, 100, 158, 198
Australia, 36, 41, 42, 143
authority, 107, 119, 168
Bank for International Settlements, 86, 95, 202
Bank of America, 27
Bank of England, 131
British Broadcasting Company, 38
Bentham, Jeremy, 17, 173–6
Bichler, Shimshon, 6, 50; see also capital as power
billionaire class, 43, 44, 160
Billionaireville, 43
Bloomberg’s Billionaire Index, 44
Boat International, 157
bond market, 74–5
bondholder, 37
Boulding, Kenneth, 162
Braudel, Fernand, 7, 8, 34–5, 50, 53, 73
Bretton Woods, 84
Britain, 24, 80, 110–12, 132ff
Browne, Katerina, 188
California Public Employees’ Retirement System, 94
Californians, 94
Canada, 41, 94, 97, 143, 151
Cannan, Edwin, 54
Capgemini and RBC Wealth Management, 27, 28, 31,38
capital, 6–8, 12, 14, 18, 22–3, 38–9, 45, 47–66, 72–4, 83, 92, 96, 102–3, 114, 119, 125, 129–31, 137, 147, 152–4, 176–8, 187, 189, 191, 195, 205–6; as mode of human control, 11; rule of, 2
capital as power, 7, 12, 14, 18, 47, 50–1, 62–3, 65–6, 72, 74, 83, 96, 102–3, 119, 137, 154, 189, 195, 205; see also Nitzan, Jonathan; Bichler, Shimson; capitalization, differential accumulation and mode of power
capitalism, 5, 7, 9, 14–15, 34–5, 50, 52, 56, 61, 64, 73–4, 87, 119, 127, 134, 138, 144, 151, 189, 198, 202
capitalist, 39, 49–50, 55, 57, 60–3, 66, 73, 84, 91, 112, 136, 176–8, 190, 194, 212
capitalist civilization, 34
capitalist markets, 62, 193
capitalist power, 74, 134, 137, 141
>
capitalist societies, 50
capitalization, 6, 14, 49–51, 57ff, 70–2, 77, 80, 88, 91, 103, 120, 136ff, 187, 197, 205, 211, 216
Carroll, William K., 6
Catholic Church, 112, 129, 200
central bankers, 97
central banks, 11, 74, 94–6, 99, 202
Chicago, University of, 21, 57, 60
China, 41, 66, 151, 195
China Construction Bank, 66
Citigroup, 15, 143–6, 154
Clark, John Bates, 178
class, 1ff, 12, 19, 21, 23, 27, 30, 33ff, 45, 51–2, 63–5, 100, 107, 113ff, 121–2, 127, 133, 152, 167, 177, 190, 192–8, 218
classical political economists, 52, 103, 127; see also Petty, William and Smith, Adam
climate change, 49, 184, 190, 201, 219
Clinton, Bill, 202
Cold War, 152
colonial power, 111
colonization, 105, 113
Commercial Bank of China, 66
commercialization, 16
commodification, 16, 66
commodities, 25, 38–9, 83, 87, 117, 127, 130, 152, 193
Commonwealth, 167
competitive marketplace, 73
complex civilizations, 17
conspicuous consumption, 141, 143, 146–7, 159, 160
consumers, 67, 70, 73, 101, 123, 136, 140, 144, 146, 193
consumption, 3, 15–16, 25, 54, 103, 117, 121, 136, 140, 144, 147–9, 151, 160–3, 171, 177, 213, 214
Cooper, Anthony Ashley, 168
corporate power, 143, 194–5, 204
corporate tax, 100
corporations, 4–6, 14, 37, 60, 63, 75, 76, 80, 85, 87, 91, 93–4, 98, 100, 102, 138, 141, 147, 184, 193ff, 202, 212, 216
corruption, 196, 204
Cost of Living Extremely Well Index, The, 156
Costa, Antonio Maria, 102
Cox, Robert W., 51
credit creation, 140
credit instruments, 76
credit rating, 74, 88–90
Credit rating agencies, 88; see also Standard and Poor’s, and Fitch
Credit Suisse’s Global Wealth Report, 3, 10, 29, 32–4, 44, 45–6, 65
creditors, 28, 37, 69, 77, 79, 88, 96, 100
critical political economy, 7, 50, 52
Davies, Jim, 29
davos class, 6
de Sismondi, Jean Charles Léonard, 116
debt, 30, 37, 39, 69, 74–80, 87–9, 96–101, 130–3, 137–8, 140–3, 152, 156, 180, 196, 198, 202, 205–19