- Cited in Hans-Peter Martin and Harald Schumann, The Global Trap: Globalization and the Assault on Prosperity and Democracy (London and New York: 1997), p. 163.Google Scholar
- US figures from Kennickell and Woodburn, op. cit. in note 5 previous chapter. British figures from John Hills, Income and Wealth (Joseph Rowntree Foundation, Feb. 1995), p. 94.Google Scholar
- It is impossible to provide reasonably accurate hourly wage rates for some countries, particularly China, but a measure of the huge discrepancy between living standards can be seen in per capita GNP figures (GNP per capita in 1992 US dollars): China $470, USA $23,240, UK $17,790, Japan $28,190, Germany $23,030, France $22,260. In the US the average hourly earnings of production and non-supervisory workers on private non-farm payrolls was $11,82 per hour for 34.4 hours per week in 1996, World Bank Atlas (Washington, DC: World Bank, 1995).Google Scholar
- James Goldsmith, The Trap (London: 1994), p. 18.Google Scholar
- The figures for 1994 were Germany 21.6, France 28.5 (1992 figure), Portugal 20.8, Netherlands 22.01, Sweden 27.5 and Britain 12.8. Eurostat, 1994.Google Scholar
- Quoted in Robert Taylor, ‘Global Claptrap’, Prospect, Dec. 1997.Google Scholar
- William Greider, One World, Ready or Not: The Manic Logic of Global Capitalism (New York: 1997), p. 11.Google Scholar
- ‘One World’, The Economist, Schools Brief, 18–24 Oct. 1997.Google Scholar
- Ibid.Google Scholar
- See E. Swyngedouw, ‘Producing Futures: Global Finance as a geographical product’, in P.W. Daniels, The Global Economy in Transition (London: 1966), p. 135.Google Scholar
- See J. H. Dunning, The Globalization of Business (London and New York: 1993), p. 287.Google Scholar
- Taylor, ‘Global Claptrap’, op. cit.Google Scholar
- See New Left Review, Dec. 1997.Google Scholar
- See H. Brar, Imperialism (London: 1997).Google Scholar
- W. Sengenberger and F. Wilkinson, ‘Globalization and Labour Standards’, in J. Mitchie and J. G. Smith, Managing The Global Economy (Oxford and New York: 1995).Google Scholar
- See ‘One World’, The Economist, op. cit. On the amount of FDI, see Paul Hirst and Grahame Thompson, Globalisation in Question (London: 1996).Google Scholar
- See Ankie Hoogvelt, Globalisation and the Post Colonial World: The New Political Economy of Development (London), p 87. The author also argues that the data used for this analysis is pre-1990.Google Scholar
- See Brar, Imperialism, op. cit., pp. 86–9. An UNCTAD analysis of the regional distribution of world FDI inflows is instructive — after a dip in the late 1980s FDI investment in non-Western countries rose from 18.3 per cent to 35.2 per cent.Google Scholar
- See UN, World Investment Report 1998 (New York: UN Publications Offices, 1998). Figures from this report were reported in the Financial Times, 11 Nov. 1998.Google Scholar
- See Brar, Imperialism, op. cit.Google Scholar
- Financial Times, 11 Nov. 1998.Google Scholar
- See World Bank, World Atlas, op. cit., pp. 36–7.Google Scholar
- Martin and Schumann, The Global Trap, op. cit., pp. 68–9.Google Scholar
- See Newsweek, 3 Oct. 1994.Google Scholar
- The Economist, 18 Oct. 1997.Google Scholar
- Michael Lind, The Next American Nation: The New Nationalism and the Fourth American Revolution (New York: 1995), p. 203.Google Scholar
- Yonghao Pu,’ shelter From The Storm’, Financial Times, 13 Jan, 1996.Google Scholar
- Jeffrey Henderson, ‘Market Stalinism Going to the Wall’, Guardian, 13 Jan. 1998, extracted from Grahame Thompson (ed.), Economic Integration in the Asia-Pacific (London: 1998).Google Scholar
- John Gray, ‘Bill Rules the World — And I Don’t Mean Clinton’, Daily Express, 11 Sep. 1998, p. 190.Google Scholar
- Robert Z. Lawrence, Single World: Divided Nations: International Trade and OECD Labor Markets (Paris: 1996), p. 128.Google Scholar
- See Martin and Schumann, The Global Trap, op, cit., pp, 1–5.Google Scholar
- See Tony Crosland, The Future Of Socialism (London: 1956)Google Scholar
- Cited in Ralph Miliband, The State in Capitalist Society: the Analysis of the Western System of Power (London: 1973), p. 132.Google Scholar
- Joe Rogaly, ‘Forget governments — companies rule, OK’, Financial Times, 8–9 Nov, 1997.Google Scholar
- These estimates, based upon a Conference Board of New York report, are cited in Mathew Horsman, After The Nation-State: Citizens, Tribalism and the New World Disorder (London: 1994), p. 201.Google Scholar
- Sarah Anderson and John Kavanagh, International Herald Tribune, 23 Oct. 1996.Google Scholar
- Robert Reich, The Work of Nations (New York: 1991), p. 110.Google Scholar
- Ibid., p. 113.Google Scholar
- Gray, ‘Bill Rules the World’, op. cit., p. 82.Google Scholar
- Ibid; Martin and Schumann, The Global Trap, op. cit., p. 111.Google Scholar
- See David Greenway (ed.), Current Issues in International Trade Theory and Policy (New York: 1985), quotation from Ravi Batra, The Myth of Free Trade (New York: 1993), p. 157.Google Scholar
- Report in Le Monde, 29 April, 1993, cited in Goldsmith, The Trap, op. cit., p. 20.Google Scholar
- David Hale, ‘How the Rise of Global Pension Funds will Change the Global Economy in the 21st century’, prepared for the 1997 Bank Credit Analyst Bermuda Conference, May, 1997, unpublished, p. 10.Google Scholar
- John Scott, Corporate Business and Capitalist Classes (Oxford: 1997), p. 86.Google Scholar
- Hale, ‘The Rise of Global Pension Funds’, op. cit.Google Scholar
- Ibid.Google Scholar
The super-rich don’t care about us. It will be their downfall 13 Feb 2015 Wealth over the edge: Singapore 7 Mar 2013 How the Swiss are turning against the super-rich 23 Jan 2013 Splits in the Singapore elite 2 Nov 2012 The Super-Rich and Us: Rich People VS Poor People UK 1/2 8 Jan 2015. Scratch - Imagine, Program, Share. Spend like the super rich If you were a billionaire, what would you buy? How do you play roulette in a casino. See how much you end up spending, and which super rich celebrity your spending habits are most like. Super Rich Game, Bangkok, Thailand. 99,396 likes 24 talking about this 190 were here. Super Rich Game เราคือ PlayStation Authorized Dealer (PAD) ตัวแทนจำหน่ายอย่างเป็นทางการของ SONY ประเทศไทย. The ball gets going well over 100 mph, once more proving that what rich-person sports lack in interesting game-play, they more than make up for with unnecessary danger.
Super Rich Amount
Though the following sports have gotten a lot more accessible over the years, and the word “exclusive” has lost its luster to a large extent, rich-person sports are still thriving. Of course they’re thriving. They’re played by filthy rich people. No matter how silly or how expensive the sport is, there will be a line of rich people longer than a private-jet runway queuing up to show that they’re well-off enough to get in on the action. While some of the sports may seem silly or, at the very least, financially irresponsible, sports of the wealthy hold a certain allure that many of us will never get to experience. Let’s face it. The only way many of us are going to get the opportunity to sink a sailboat is if we sneak into a marina with a bagful of C-4 explosive. So grab your ski mask and let’s run through some of the snottiest sports this side of Monaco.
9. Squash/Tennis/Racquetball
All three of these sports require certain courts that, for a very long time, could only be found at places called “racquet clubs” which are essentially urban country clubs that old businessmen went to after work to play their racquet sports. Then they sit around in leather chairs and drink brown liquors from over-sized glasses while discussing the Hang Seng index. That said, all these racquet sports require both a fair amount of skill and endurance, demonstrating that just because a sport is monopolized by rich people, it’s not necessarily a cakewalk. Permanently solidifying racquet sports as a bastion of the rich are a) the squash scene in “Wall Street” and b) the tennis scene in “Fletch.” If anyone asks, you’re a guest of the Underhills.
All three of these sports require certain courts that, for a very long time, could only be found at places called “racquet clubs” which are essentially urban country clubs that old businessmen went to after work to play their racquet sports. Then they sit around in leather chairs and drink brown liquors from over-sized glasses while discussing the Hang Seng index. That said, all these racquet sports require both a fair amount of skill and endurance, demonstrating that just because a sport is monopolized by rich people, it’s not necessarily a cakewalk. Permanently solidifying racquet sports as a bastion of the rich are a) the squash scene in “Wall Street” and b) the tennis scene in “Fletch.” If anyone asks, you’re a guest of the Underhills.
8. Jai Alai
Immortalized in American pop culture by “Miami Vice,” jai alai is a sport that may or may not exist only on television when they want to show the Colombian drug lord as a dynamic individual. With South American roots, jai alai, is a sport that is played by hurling a porcelain-like ball against a wall and then trying to catch it with device that resembles a ram’s horn. The ball gets going well over 100 mph, once more proving that what rich-person sports lack in interesting game-play, they more than make up for with unnecessary danger. See below for another example of a dangerous sport that’s boring as hell to watch.
Immortalized in American pop culture by “Miami Vice,” jai alai is a sport that may or may not exist only on television when they want to show the Colombian drug lord as a dynamic individual. With South American roots, jai alai, is a sport that is played by hurling a porcelain-like ball against a wall and then trying to catch it with device that resembles a ram’s horn. The ball gets going well over 100 mph, once more proving that what rich-person sports lack in interesting game-play, they more than make up for with unnecessary danger. See below for another example of a dangerous sport that’s boring as hell to watch.
7. Sailing
Some sports are popular among rich people because they require a shit-ton of money and free time. You better believe that sailing exemplifies that better than any other entry on this list. The discussion on whether or not sailing would make the cut on this list ended about a decade ago when Prada decided to sponsor a boat in the America’s Cup and introduced the world to their $400 sailing shoes. Anyone hoping to see waifish models get blown overboard by a stiff breeze would go on to be disappointed. Anyone hoping to see a bunch of rich white guys doing whatever the hell it is that sailing entails (pulling up sails and staring off into the sunset) walked away very fulfilled.
Some sports are popular among rich people because they require a shit-ton of money and free time. You better believe that sailing exemplifies that better than any other entry on this list. The discussion on whether or not sailing would make the cut on this list ended about a decade ago when Prada decided to sponsor a boat in the America’s Cup and introduced the world to their $400 sailing shoes. Anyone hoping to see waifish models get blown overboard by a stiff breeze would go on to be disappointed. Anyone hoping to see a bunch of rich white guys doing whatever the hell it is that sailing entails (pulling up sails and staring off into the sunset) walked away very fulfilled.
6. Polo
The Godfather of rich people sports. Not only insanely expensive with countless logistical barriers to entry, this sport also has the added bonus of requiring the domination of another species of animal in order to succeed. Double whammy. There isn’t much compelling me to further defend the inclusion of this entry, but I’ll keep going cause it’s so damn easy. Look at amateur basketball tournaments. Where are they held? Cabrini Green in Chicago? Harlem? Oakland? They’re held their because that’s where the people best at the sport live. Where do polo matches take place? That’s right. Santa Barbara. Aspen. The pampas of Argentina. Cause that’s where the best of that sport reside. There’s a pretty big gap between the two. Winner com casino. Further, when a shirt bearing a little logo of a guy playing polo becomes a universal symbol for “rich asshole,” you’ve made the cut. Hell, you’re etched in stone by that point.
The Godfather of rich people sports. Not only insanely expensive with countless logistical barriers to entry, this sport also has the added bonus of requiring the domination of another species of animal in order to succeed. Double whammy. There isn’t much compelling me to further defend the inclusion of this entry, but I’ll keep going cause it’s so damn easy. Look at amateur basketball tournaments. Where are they held? Cabrini Green in Chicago? Harlem? Oakland? They’re held their because that’s where the people best at the sport live. Where do polo matches take place? That’s right. Santa Barbara. Aspen. The pampas of Argentina. Cause that’s where the best of that sport reside. There’s a pretty big gap between the two. Winner com casino. Further, when a shirt bearing a little logo of a guy playing polo becomes a universal symbol for “rich asshole,” you’ve made the cut. Hell, you’re etched in stone by that point.
5. Riding
Here’s a little trick rich people use to tell if you’re one of them or not: If your dear friend Caitlin or Gordon turns to you and says, “I’m going riding,” and you reply back, “Riding what?” then you are NOT a rich person. “Riding” means riding horses. Why, how and where do you ride them? The answers are, respectively, “because I can,” “English style, you charlatan,” and “at the club.” If you are ever in doubt as to where a rich person does a rich-person activity, just guess “at the club” and you’ll probably be right. They have clubs for everything. Strangely enough, riding is just one in a long list of rich person sports that’s actually quite dangerous. It’s probably not as hairy as that other non-rich-person equine sport, rodeo, but the fact remains that you’re on a somewhat wild animal, and regardless of how much your boots cost, you can get tossed. Rich sports are generally pretty gender neutral, but if you’re a girl and you wanna get on a horse, you ride. If you’re a dude, you play polo. And you bang the girl. Both are wonderful sports.
Here’s a little trick rich people use to tell if you’re one of them or not: If your dear friend Caitlin or Gordon turns to you and says, “I’m going riding,” and you reply back, “Riding what?” then you are NOT a rich person. “Riding” means riding horses. Why, how and where do you ride them? The answers are, respectively, “because I can,” “English style, you charlatan,” and “at the club.” If you are ever in doubt as to where a rich person does a rich-person activity, just guess “at the club” and you’ll probably be right. They have clubs for everything. Strangely enough, riding is just one in a long list of rich person sports that’s actually quite dangerous. It’s probably not as hairy as that other non-rich-person equine sport, rodeo, but the fact remains that you’re on a somewhat wild animal, and regardless of how much your boots cost, you can get tossed. Rich sports are generally pretty gender neutral, but if you’re a girl and you wanna get on a horse, you ride. If you’re a dude, you play polo. And you bang the girl. Both are wonderful sports.
4. Skiing
Skiing has recently overtaken heart disease as the number one killer of rich people. That’s not true at all, but it certainly seems that way with perennial celebrity deaths occurring every winter. While most people would consider skiing more of a hobby than a sport, it certainly requires more physical exertion than golf, which is widely regarded as a sport, so it stays on the list. The best skiers in the world are definitely not rich people, but the majority of recreational skiers are, unless they have made the decision to live in a ski town. Ski’s are a grand. Boots are a grand. Lift tickets are approaching the century mark as well, so there’s not much to say that subverts the argument that skiing is a rich person’s sport. Also don’t forget the fact that if the average Joe wants to hit the slopes, he will have to fly to a small airport in a mountain town and find a cozy little cabin or hotel somewhere. A good rule of thumb: if you have to fly somewhere to participate in a sport, it’s probably a rich-person sport.
Skiing has recently overtaken heart disease as the number one killer of rich people. That’s not true at all, but it certainly seems that way with perennial celebrity deaths occurring every winter. While most people would consider skiing more of a hobby than a sport, it certainly requires more physical exertion than golf, which is widely regarded as a sport, so it stays on the list. The best skiers in the world are definitely not rich people, but the majority of recreational skiers are, unless they have made the decision to live in a ski town. Ski’s are a grand. Boots are a grand. Lift tickets are approaching the century mark as well, so there’s not much to say that subverts the argument that skiing is a rich person’s sport. Also don’t forget the fact that if the average Joe wants to hit the slopes, he will have to fly to a small airport in a mountain town and find a cozy little cabin or hotel somewhere. A good rule of thumb: if you have to fly somewhere to participate in a sport, it’s probably a rich-person sport.
3. Lacrosse
Lacrosse is a gateway rich person sport. It’s not entirely exclusive, but it’s one of the first conscious steps that a rich athlete can make towards engaging in rich-person sports. What’s funny about lacrosse is that there isn’t anything inherently “rich” about it other than its origins at Catholic prep schools in the mid-Atlantic states. It’s played on a regular ‘ole field, the equipment is pricey, but no more than football gear or an expensive baseball bat, but for some reason, it’s the official sport of entitled white kids who don’t want to be thought of as entitled white kids (but still actually do). Other ways lacrosse players in high school or college “break the mold” of being rich white kids are: listening to Widespread Panic, smoking lots of pot, driving an American SUV, having longish hair, and wearing leather necklaces that they got on near their parent’s friend’s winery in Spain.
Lacrosse is a gateway rich person sport. It’s not entirely exclusive, but it’s one of the first conscious steps that a rich athlete can make towards engaging in rich-person sports. What’s funny about lacrosse is that there isn’t anything inherently “rich” about it other than its origins at Catholic prep schools in the mid-Atlantic states. It’s played on a regular ‘ole field, the equipment is pricey, but no more than football gear or an expensive baseball bat, but for some reason, it’s the official sport of entitled white kids who don’t want to be thought of as entitled white kids (but still actually do). Other ways lacrosse players in high school or college “break the mold” of being rich white kids are: listening to Widespread Panic, smoking lots of pot, driving an American SUV, having longish hair, and wearing leather necklaces that they got on near their parent’s friend’s winery in Spain.
Super Rich Green Thailand
2. Crew
Much as lacrosse players try to shake the connotation that they are rich kids, crew members take every opportunity to embrace it. If you’ve ever seen a picture of a crew team, it’s pretty apparent. They look like the poster boys for the Hitler Youth. All white, short hair, smug smiles. All the ingredients are there. Crew’s origins lie in England, so it’s no wonder that sport has gotten picked up on the mean streets of Houston or Albuquerque. Crew is an expensive sport, despite appearances. Those boats and oars ain’t cheap, but beyond that, you need boathouses, which means you actually need to buy real estate on an urban river, you need an arsenal of training equipment, and you need a school-sponsored program, which generally are assumed to belong to Ivy League schools, though the Midwest and Northern California have some killer ones as well.
Much as lacrosse players try to shake the connotation that they are rich kids, crew members take every opportunity to embrace it. If you’ve ever seen a picture of a crew team, it’s pretty apparent. They look like the poster boys for the Hitler Youth. All white, short hair, smug smiles. All the ingredients are there. Crew’s origins lie in England, so it’s no wonder that sport has gotten picked up on the mean streets of Houston or Albuquerque. Crew is an expensive sport, despite appearances. Those boats and oars ain’t cheap, but beyond that, you need boathouses, which means you actually need to buy real estate on an urban river, you need an arsenal of training equipment, and you need a school-sponsored program, which generally are assumed to belong to Ivy League schools, though the Midwest and Northern California have some killer ones as well.
1. Golf
Golf has become much more egalitarian in the past couple decades, thanks in large part to a mixed-race, feline-named adulterer. Golf is an expensive sport for obvious reasons, but we’ll rehash them here anyway because a certain writer has a certain word quota to meet. To play golf, you need clubs. Clubs can be cheap, but good clubs cost as much as a bad car. Unless you want to hit the ball up and down your neighborhood streets, you’re going to need a course. Public courses don’t carry the downmarket stigma they once did, but the best (read: most exclusive) are still the country clubs, which exist, as they always have, as monuments to conspicuous consumption. $25,000 per year is not unheard of to play a round of golf once a week, which works out to about $500 per round. Not cheap. Further, if you really enjoy golf, you’re going to want to check out the finest courses the country and world have to offer, so that means you’re going to need to fly places. And don’t forget to factor into your golf budget that golf clubs are often subject to exorbitant bag fees (thanks, terrorists!) so you get hit with another $100 each way just cause you love ‘merica.
Golf has become much more egalitarian in the past couple decades, thanks in large part to a mixed-race, feline-named adulterer. Golf is an expensive sport for obvious reasons, but we’ll rehash them here anyway because a certain writer has a certain word quota to meet. To play golf, you need clubs. Clubs can be cheap, but good clubs cost as much as a bad car. Unless you want to hit the ball up and down your neighborhood streets, you’re going to need a course. Public courses don’t carry the downmarket stigma they once did, but the best (read: most exclusive) are still the country clubs, which exist, as they always have, as monuments to conspicuous consumption. $25,000 per year is not unheard of to play a round of golf once a week, which works out to about $500 per round. Not cheap. Further, if you really enjoy golf, you’re going to want to check out the finest courses the country and world have to offer, so that means you’re going to need to fly places. And don’t forget to factor into your golf budget that golf clubs are often subject to exorbitant bag fees (thanks, terrorists!) so you get hit with another $100 each way just cause you love ‘merica.