Daily Archives: Mar 7, 2020 at 08:04 am EST

Book Bits | 7 March 2020

The Velvet Rope Economy: How Inequality Became Big Business
By Nelson D. Schwartz
Review via Vox
This is the opening scene of Nelson D. Schwartz’s new book The Velvet Rope Economy: How Inequality Became Big Business, which explains how everything Americans purchase — travel, leisure, education, and health care — suddenly got really good for the wealthy and a lot worse for the rest of us.
Income inequality has risen since the 1970s, and at the same time, companies have begun to cater to the only demographic whose prospects are growing. Fancy new sports stadiums with separate doors for box seat holders, VIP airport terminals, Uber Copters, and the privatization of everything from high school sports to firefighter squads are all examples of what Schwartz dubs the “velvet rope economy.”

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