TY - JOUR
T1 - 'That Tiny, Stratospheric Apex That Owns Most of the World'- Exploring Geographies of the Super-Rich
AU - Hay, Iain
AU - Muller, Samantha
PY - 2012/2
Y1 - 2012/2
N2 - This paper exhorts geographers to give critical attention to the super-rich, defined as individuals with investable assets in excess of $1 million. The super-rich currently number almost 11 million globally (2011) and have collective wealth in excess of $42 trillion. We argue that as a result of our discipline's typical, and not unjustifiable, focus on the poor and middle class, and our neglect of the super-rich, geographers may both be overlooking potentially valuable insights to the institutions, practices, and cultural values of our society and gaining only a partial view of global capitalism. We point to prospectively useful work in areas that embrace relationships between the super-rich, place, and mobility; links between wealth and (geo)politics; new philanthropy; and the social and environmental consequences of 'luxury fever'. We also speculate as to some of the reasons for geographers' apparent reluctance to engage with the super-rich, responding to some of the critical methodological challenges associated with such work.
AB - This paper exhorts geographers to give critical attention to the super-rich, defined as individuals with investable assets in excess of $1 million. The super-rich currently number almost 11 million globally (2011) and have collective wealth in excess of $42 trillion. We argue that as a result of our discipline's typical, and not unjustifiable, focus on the poor and middle class, and our neglect of the super-rich, geographers may both be overlooking potentially valuable insights to the institutions, practices, and cultural values of our society and gaining only a partial view of global capitalism. We point to prospectively useful work in areas that embrace relationships between the super-rich, place, and mobility; links between wealth and (geo)politics; new philanthropy; and the social and environmental consequences of 'luxury fever'. We also speculate as to some of the reasons for geographers' apparent reluctance to engage with the super-rich, responding to some of the critical methodological challenges associated with such work.
KW - Critical geography
KW - Inequality
KW - Philanthropy
KW - Super-rich
KW - Wealth
UR - http://www.scopus.com/inward/record.url?scp=84857369151&partnerID=8YFLogxK
U2 - 10.1111/j.1745-5871.2011.00739.x
DO - 10.1111/j.1745-5871.2011.00739.x
M3 - Article
SN - 1745-5863
VL - 50
SP - 75
EP - 88
JO - Geographical Research
JF - Geographical Research
IS - 1
ER -