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Thinking Allowed

Wealth - Plutocratic London

Thinking Allowed

BBC

Society & Culture, Science

4.4997 Ratings

🗓️ 25 May 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Plutocratic London and dynastic wealth. Caroline Knowles, Professor of Sociology at Goldsmiths, University of London, takes Laurie Taylor on a tour of plutocratic London, a city with more resident billionaires than New York, Hong Kong or Moscow. How have the fabulously rich re-made London in their own image and what is the cost to ordinary Londoners? They’re joined by Katie Higgins, Postdoctoral Fellow in the Sociology of Elites at the University of Oxford, and author of a study exploring the inheritance practices of the ultra wealthy. How do they maintain a belief in the value of work whilst preserving inheritance for the generation to come?

Producer: Jayne Egerton

Transcript

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0:00.0

Take some time for yourself with soothing classical music from the mindful mix, the Science of

0:07.0

Happiness Podcast.

0:08.0

For the last 20 years I've dedicated my career to exploring the science of living a happier more meaningful life and I want

0:14.4

to share that science with you.

0:16.1

And just one thing, deep calm with Michael Mosley.

0:19.4

I want to help you tap in to your hidden relaxation response system and open the door to that

0:25.4

calmer place within. Listen on BBC Sounds.

0:30.3

BBC Sounds, music, radio podcasts.

0:36.6

This is a Thinking Loud Podcasts from the BBC and for more details and much, much more about

0:42.4

thinking aloud, go to our website at BBC.co. UK.

0:47.0

Hello I'm not really sure how old I was when I first became puzzled by the vaguaries of social class, but I suspect

0:56.4

it was in my early teenage years when under my mother's insistence I began to think of myself as middle class, as well socially superior to my friends

1:06.8

from working class bootle. But if we were middle class, how might one classify the residents of the neighborhood that lay between

1:14.9

our Crosby house and the River Mersey, the area called Blundell Sands or Blundell-Sands

1:20.9

as we kids like to call it, houses that you could only glimpse from the road

1:25.0

because of their long driveways and elaborate front gardens and double parking spaces.

1:31.0

Houses with names like The Coach House and the Lodge and Woodlands.

1:37.0

Well my mother had a ready explanation. The Blundled Sands people were also middle class just like ourselves but with one marginal

1:44.9

difference they were well rich. Well I remember my teenage fascination with

1:51.7

this distinctive group of people.

1:53.4

As I was reading a new book by sociologist Caroline Knowles, you see like me

1:58.1

Caroline had an early childhood fascination with the wealthy residence in her area, those who lived in cavernous

...

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