The Incomes of the Plutocrats in a Comparative Perspective

2021 ◽  
pp. 152-171
Author(s):  
Francis Teal

We now move to examine the top of the income distribution and begin by asking whether Mr Darcy, the central male character in Jane Austen’s novel Pride and Prejudice, would be regarded as a plutocrat today. If his income were converted to contemporary amounts it would be some £600,000. We show that Mr Darcy would need to earn some £8 million to be as rich as his nineteenth-century predecessor relative to the average wage. To understand how those super-high incomes arise, we introduce the Paretian distribution which we do first informally and then more formally. It is a distribution of this form which could produce what we see, a few very highly paid individuals whose incomes—up in the stratosphere of the super-rich—would still be very spread out. We use the Paretian distribution to estimate the number of plutocrats in the US, the UK, and China and show the incomes of the richest of the rich.

Author(s):  
Francis Teal

This is a book about inequality. About the fact that we live in a world of very many poor people and a very few extremely rich ones—the poor and the plutocrats of its title. In this chapter we frame the question posed by the book—how one can move from such poverty to such riches?—using data from the UK, the US, and poor countries. If a longer term, and comparative, perspective is taken on incomes and inequality the problem is not to explain a rising tide of poverty—there isn’t one—nor is it to explain how capitalism generates ever-increasing inequality—it hasn’t. The problem is much more complicated. How can we explain such large changes in both incomes and in inequality as have occurred since the start of sustained global growth in the early part of the nineteenth century?


Author(s):  
Tanja Bueltmann ◽  
Donald M. MacRaild

From the early eighteenth century, a vibrant English associational culture emerged that was, by many measures, ethnic in character. English ethnic organisations spread across North America from east to west, and from north to south, later becoming a truly global phenomenon when reaching Australasia in the later nineteenth century. This books charts the nature, extent and character of these developments. It explores the main activities of English ethnic societies, including their charitable work; collective mutual aid; their national celebration; their expressions of imperial and monarchical devotion; and the extent to which they evinced transnational communication with the homeland and with English immigrants in other territories. The English demonstrated and English people abroad demonstrated and experienced competitive and sometimes conflictual ethnic character, and so the discussion also uncovers aspects of enmity towards an Irish immigrant community, especially in the US, whose increasingly political sense of community brought them into bitter dispute with English immigrants whom they soon outnumbered. Towards the end of the nineteenth century, the extent of English ethnic associational culture in North America was such that it resonated within England herself, resulting in the formation of a central organization designed to coordinate the promotion of English culture. This was the Royal Society of St George. Ultimately, the book documents that the English expressed their identity through processes of associating, mutualism and self-expression that were, by any measure, both ethnic and diasporic in character. The English Diaspora is based on a very large amount of untapped primary materials from archives in the United States, Canada, and the UK relating to specific locations such as New York, Philadelphia, Baltimore, Toronto, Ottawa, and Kingston, and London. Thousands of newspaper articles have been trawled. Several long runs of English associational periodicals have been garnered and utilized. Comparative and transnational perspectives beyond the US and Canada are enabled by the discovery of manuscript materials and periodicals relating to the Royal Society of St George.


2016 ◽  
Vol 4 (1) ◽  
pp. 51-62 ◽  
Author(s):  
Maria Hellman ◽  
Eva-Karin Olsson ◽  
Charlotte Wagnsson

The advent of social media can be seen both as a risk and an opportunity by armed forces. Previous research has primarily examined whether or not the use of social media endangers or strengthens armed forces’ strategic narrative. We examine armed forces’ perceptions of risks and opportunities on a broad basis, with a particular focus on areas of deployment. The article is based on a survey of perceptions of social media amongst the armed forces of EU member states, thus adding to previous research through its comparative perspective. Whereas previous research has mainly focused on larger powers, such as the US and the UK, this article includes the views of the armed forces of 26 EU states, including several smaller nations. In analyzing the results we asked whether or not risk and opportunity perceptions were related to national ICT maturity and the existence of a social media strategy. The analysis shows that perceptions of opportunities outweigh perceptions of risks, with marketing and two-way communication as the two most prominent opportunities offered by the use of social media. Also, armed forces in countries with a moderate to high ICT maturity emphasize social media as a good way for marketing purposes.


Legal Studies ◽  
2016 ◽  
Vol 36 (1) ◽  
pp. 136-162 ◽  
Author(s):  
Gerard McCormack

This paper addresses how the UNCITRAL Model Law on Cross-Border Insolvency has been implemented and interpreted in the US and the UK. The Model Law has attained a measure of international acceptance and is intended to achieve greater efficiencies in the administration of insolvency cases with transnational dimensions. But different manners of implementation in different countries and differing interpretations may hinder the prospects for harmonisation and coordination of laws. The paper will address in particular whether US interpretations differ from those in the UK and whether the US decisions are so infused with ‘American exceptionalism’ that they cannot be relied upon as sure guides in other countries.


2011 ◽  
Vol 5 (2) ◽  
Author(s):  
Catherine Donnelly

This Article adopts a comparative perspective on the use of privatization by governments in the welfare context. It begins by reviewing the extent of welfare privatization in the US, the UK, and Ireland, considering notable examples such as privatized welfare-to-work schemes and residential care. For example, the question of privatized welfare accommodation in the UK has resulted in significant litigation and a major judgment on privatization handed down by the House of Lords in 2007. The Article turns to a consideration of the challenges that arise from using privatization in the welfare context from the perspective of i) accountability and ii) human rights. The ways in which the different jurisdictions respond to the challenges of welfare privatization—and the lessons to be learned from those responses—are then assessed. Overall, it is argued that judicial or doctrinal responses to privatization are often inadequate and the extent to which there exist alternative mechanisms to ensure accountability and human rights protection in the context of welfare privatization are explored.


2014 ◽  
Vol 23 (3) ◽  
pp. 381-388 ◽  
Author(s):  
Euan Hague ◽  
Alan Mackie

The United States media have given rather little attention to the question of the Scottish referendum despite important economic, political and military links between the US and the UK/Scotland. For some in the US a ‘no’ vote would be greeted with relief given these ties: for others, a ‘yes’ vote would be acclaimed as an underdog escaping England's imperium, a narrative clearly echoing America's own founding story. This article explores commentary in the US press and media as well as reporting evidence from on-going interviews with the Scottish diaspora in the US. It concludes that there is as complex a picture of the 2014 referendum in the United States as there is in Scotland.


2008 ◽  
Vol 17 (1) ◽  
pp. 155-158
Author(s):  
Vytis Čiubrinskas

The Centre of Social Anthropology (CSA) at Vytautas Magnus University (VMU) in Kaunas has coordinated projects on this, including a current project on 'Retention of Lithuanian Identity under Conditions of Europeanisation and Globalisation: Patterns of Lithuanian-ness in Response to Identity Politics in Ireland, Norway, Spain, the UK and the US'. This has been designed as a multidisciplinary project. The actual expressions of identity politics of migrant, 'diasporic' or displaced identity of Lithuanian immigrants in their respective host country are being examined alongside with the national identity politics of those countries.


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