Not welfare, minimum wage, bargaining power, housing policy, or health care reform Even is what the best and brightest are investing in today.Ĭhanging the world, as Giridharadas reminds us, is a fundamentally public, political business. Take Even, a start-up that offers to smooth the incomes of those living “paycheck to paycheck” by charging a small fee for an app-based service that saves away wages on good months and supplements bad months with those savings. It is none other than these same elites who have lobbied for privatization, deregulation, and tax breaks that have depleted public coffers, for instance, or who have rationalized layoffs, low wages, and uncertain working hours for the sake of optimization who have argued in high-profile op-eds that the wicked problems of the 21st century are too complex for government to resolve, or who have co-opted the ideals of collectives, social movements, and political protest with the language of apps, networks, and markets.
Probing the lives of McKinsey consultants and “social innovators,” Silicon Valley venture capitalists and Davos-inspired thought leaders, business magnates turned philanthropists and former presidents turned globalists, Giridharadas argues that well-funded myths about social change have contributed to the emergence of a neo-gilded age, one in which the good intentions of today’s “winners” belie the wage stagnation, income inequality, and class immobility they themselves have wrought. So argues Anand Giridharadas in Winners Take All, a no-holds-barred critique of a new generation of predatory elites and their do-good-by-doing-well approach to social ills. And “yet their career choices were not about chasing the money.” They were, instead, about “social impact” as much as they were about the prospect of making massive amounts of money, insofar as those goals have become one and the same in the 21st century. Its 2018 MBA graduates began to change the world by earning a median starting salary of $142,000 (and a median signing bonus of $25,000), according to a year-end press release, through careers in technology, finance, and consulting.
Change the world.” Such is the bar the Stanford Graduate School of Business holds for its students. Winners Take All: The Elite Charade of Changing the World
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