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Current Affairs

How The Super-Rich Really Live (w/ Michael Mechanic)

Current Affairs

Current Affairs

Comedy, Government, News, Culture, Politics

4.4645 Ratings

🗓️ 19 January 2024

⏱️ 51 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to Current Affairs. My name is Nathan Robinson. I'm the editor-in-chief of Current Affairs

0:23.1

Magazine. I am joined today by Michael Mechanic. He is senior editor at Mother Jones Magazine and the author of

0:33.0

the book Jackpot, How the Super Rich really live and how their wealth harms us all. Michael Mechanic,

0:44.1

thank you for joining us today on Carit Affairs. Thanks for having me. You make it sound so

0:48.5

dramatic. Well, this is what I try to do. I try to build everything up. We get a bit of drama

0:52.4

in it, get a bit of excitement. I mean, it is dramatic, right?

0:55.7

It is dramatic.

0:56.5

It is dramatic.

0:57.0

You're writing about the most important issues in the world.

0:59.0

You're writing about the class struggle, Michael.

1:02.5

So your book takes us inside a world that many of us, most of us, will never get to see the inside of. That is to say, the world of

1:13.8

the super or Uber wealthy. So tell us first, how did you pry open the door? What did you do to

1:22.0

try and get an inside look at the world that is often discussed but rarely seen in this world of the super wealthy.

1:31.1

I pride into it painstakingly.

1:33.5

Yeah.

1:34.3

Not being from that world, one cannot just cold call billionaires and say, hey, talk to me about your money.

1:42.9

I mean, nobody likes to talk about their personal finances.

1:46.5

It's sort of taboo in our society. So it requires a lot of legwork and a lot of sort of working

1:53.5

from the outside, talking to people, you know, who are in the circles of very wealthy people.

1:58.9

And in fact, you know, there's a lot of stuff you just have to glean from those interactions because there are some people, of course, who won't,

2:05.6

but you get anywhere near. And I, you know, I write about, in the book about sort of the

2:09.8

frequency of rejection. You kind of have to go into it knowing you got a list of targets,

...

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