42 - The New Aristocracy feat. Matthew Stewart

Published: May 2, 2022, 2 p.m.

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Matthew Stewart is a philosophy PhD and author. He\\u2019s also a Princeton guy and former management consultant so he knows rich people.\\xa0

His new book, The 9.9%, is about them. Not the super-rich, but the doctors, lawyers and managers that go to good colleges and live in nice neighbourhoods. The \\u201cnearly rich and not-famous,\\u201d as he puts it.\\xa0

We talk about how these people raise their kids, get their money and block the poorer element from their neighbourhoods. Matthew reckons the 9.9% are a new kind of aristocracy that\\u2019s entrenching inequality and making everyone hate parenting. In the end, it\\u2019s not really the white collar player he hates; it\\u2019s the game of inequality. Though he doesn\\u2019t sound very fond of the players either.\\xa0


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