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Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich

Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich
Author: Robert Frank
Publisher: Three Rivers Press
Category: Book

List Price: $13.95
Buy New: $7.49
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New (29) Used (12) from $7.00

Avg. Customer Rating: 4.0 out of 5 stars 66 reviews
Sales Rank: 4093

Media: Paperback
Number Of Items: 1
Pages: 288
Shipping Weight (lbs): 0.4
Dimensions (in): 7.9 x 5.1 x 0.7

ISBN: 0307341453
Dewey Decimal Number: 305.52340973
EAN: 9780307341457
ASIN: 0307341453

Publication Date: June 24, 2008
Availability: Usually ships in 1-2 business days
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  • Hardcover - Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich
  • Audio CD - Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich
  • Kindle Edition - Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich
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  • Unknown Binding - Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich
  • Audio Download - Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich (Unabridged)
  • Audio CD - Richistan (Library Edition): A Journey Through the American Wealth Boom and the Lives of the New Rich

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Editorial Reviews:

Product Description
THE NEW YORK TIMES BESTSELLER

RICH-I-STAN n. 1. a new country located in the heart of America, populated entirely by millionaires, most of whom acquired their wealth during the new Gilded Age of the past twenty years. 2. a country with a population larger than Belgium and Denmark; typical citizens include “spud king” J. R. Simplot; hair stylist Sydell Miller, the new star of Palm Beach; and assorted oddball entrepreneurs. 3. A country that with a little luck and pluck, you, too, could be a citizen of.

The rich have always been different from you and me, but Robert Frank’s revealing and funny journey through “Richistan” entertainingly shows that they are truly another breed.



Customer Reviews:   Read 61 more reviews...

4 out of 5 stars The rich ARE different after all! (They have more $$$$$)   October 2, 2008
Robert Frank's "Richistan" is a voyeuristic peek inside the posh tent and McMansions of the American wealthy. He argues that there are developing polarizing forces that make the "new rich" a nation unto themselves. He also dissects this affluent band, indicating that there are three subsets depending on the degree of wealth.

This is a fascinating sociological study of the New Rich, tracing how they differ from Old Money. This has political and social - as well as financial - ramifications.

"Richistan" offers few solutions. It does not pretend to be a prescriptive work of non-fiction. It is, instead, a very interesting perspective on the growth of the new class and the bubble in which it lives.



3 out of 5 stars Interesting topic   October 1, 2008
The topic area is interesting, but does not seem as thorough and balanced as I would expect - I am not sure if I should consider this an accurate account of life in the wealth stratosphere, or just an entertaining perspective by one author. I read this book right after "Nickel and Dimed" by Barbara Ehrenreich, which created an interesting contrast. I listened to the audio version, and did not care for the reader. The accents he uses to portray discussions with the author (and there are many of them) are strange and get to be quite irritating by the end of the book.


5 out of 5 stars Amusing Anthropological Analysis of Astronomically Affluent   September 26, 2008
 1 out of 1 found this review helpful

Mr. Frank does an excellent job of presenting an overview of this rarefied subculture. Base insecurities of the human condition are displayed by this obscenely wealthy crowd's habitual one-upmanship social gatherings, Freudian obsessions with having the biggest yacht, mansion or whatever and rarely being satisfied with what they have accrued. A great deal of credit must be given to Mr. Frank for not devolving his book into a hatchet job on the moneyed folk. The author presents some of the pros and cons of finally acquiring and living with so much moolah. A brief, informative and entertaining book.


5 out of 5 stars Interesting little book   September 26, 2008
 1 out of 1 found this review helpful

This book made me think of possibly being a household manager because he made it sound like an interesting career. It does make you think about the super rich and the lives they live. Held my attention.


3 out of 5 stars Superficial!   September 23, 2008
 2 out of 3 found this review helpful

Wall Street Journal reporter Robert Frank has written a useful book on the new rich. He points to the huge gap between the rich and the rest of us. The richest 1% in the USA have 33% of the country's wealth, more than the poorest 90% and the incomes of the richest 10% are growing by more than 10% a year. Yet median incomes for US households have fallen for five years running and median families make $3000 a year less than they did in 2000.

How do the rich do this? The global pension, insurance and mutual funds have $46 trillion, wealth produced by the 95% who work. The CEOs, bankers and hedge-fund owners - the money managers - steal from this global river of cash.

Governments help the rich to rob us. Bush's tax cuts gave 80% of the tax savings to the richest 10%, 20% to the richest 0.1%.

The result? Our savings, housing and pension funds vanish, so David Blunkett tells us that we have to work till we drop. Education, health and industry vanish too.

But the rich get richer. In 2005, Hurricane Wilma wrecked Fort Lauderdale a month after Hurricane Katrina wrecked New Orleans - yet the town still held the 46th International Boat Show and shifted its funds from the newly homeless have-nots to the have-yachts.

When Google founders Sergey Brin and Larry Page bought themselves a Boeing 767 wide-body airliner, Page said that it would let them "take large numbers of people to places such as Africa. I think that can only be good for the world."

Frank shares this folly. He ends by writing, "If we accept that the rich aren't the cause of the current inequities, but merely the lucky beneficiaries, we can also hope that they will use their wealth to help target society's deepest problems."

He then refers to Andrew Carnegie's 100-year-old dream of `reconciliation between rich and poor, a reign of harmony'. Why hasn't this happened? Maybe it's because we think that `the rich aren't the cause of the current inequities', because we still hope that `they will use their wealth to help target society's deepest problems'.


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