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City Journal Audio

The Rich Are Good for Democracy

City Journal Audio

Manhattan Institute

News Commentary, News, Politics

4.7656 Ratings

🗓️ 6 February 2026

⏱️ 21 minutes

🧾️ Download transcript

Summary

John O. McGinnis joins Brian Anderson to discuss his forthcoming book, Why Democracy Needs the Rich: The Hidden Benefits of Wealth in a Free Society.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the Ten Blocks podcast. This is Brian Anderson, the editor of City

0:20.1

Journal. Join me today is John

0:22.4

McGinnis. He's the George C. Dix professor in constitutional law at Northwestern, and he's been a

0:28.8

longtime contributor for Citigern. He has a new book coming out next month from Encounter,

0:34.9

and it's called Why Democracy Needs the Rich, the hidden

0:38.8

benefits of wealth in a free society. The book grew out of a 2021 city journal essay, but it

0:45.5

arrives at a moment when hostility to wealth has moved, one can say, from rhetoric to governance.

0:51.2

John, thanks very much for joining us. Delighted to be here. And thanks for giving this book its start, Brian.

0:57.9

Now, it's probably fair to say that it's always been fashionable to complain about the rich

1:02.7

in democracies. But the attack on the wealthy in our political discourse, I think,

1:08.5

has intensified recently and not just symbolically. The

1:12.6

progressive left has pursued substantive policies animated by hostility to wealth accumulation

1:19.3

and inequality. A socialist, or at least quasi-socialist agenda, has propelled some politicians

1:24.9

to national prominence. AOC, for sure, and now most recently,

1:29.7

of course, New York City's brand new mayor, Zoran Mamdani. So as you see it today, John,

1:34.7

what's driving this resentment of wealth? Is it simply old-fashioned envy? Is it concern,

1:42.7

legitimate concern over too extensive inequality? You know,

1:46.1

what's going on exactly? And does the current moment differ in any meaningful way from earlier bouts

1:51.6

of anti-elite politics, we could call it? I think you're right. There's always been envy of

1:57.6

the rich, and that is part of the background of all of these attacks. What's driven

2:04.0

this is the sense on the left that the rich are creating a structure in which the left doesn't

2:13.4

control as it has all of the heights of the media, the academics, even the entertainment world.

...

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