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Superwealth, by Max Borders
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Should we worry about the so-called "wealth gap"? No, argues Max Borders in this powerful book. Weaving threads of narrative, fascinating thought experiments and sharp logic, Borders offers Superwealth: Why we should stop worrying about the gap between rich and poor. Borders’s case is not just an answer to Occupy Wall Street and inequality fetishists of the intellectual salon, it is an antidote to status quo thinking.
At a time when our political and economic discourse is stuck in old dualisms, Borders’s vision of change is strikingly optimistic. He cuts the Gordian knot of wealth and want with keen thinking. He carries the reader with elegant prose. Superwealth readers who really care about the poor will discover that government is not God, attacking entrepreneurs is counterproductive, and we are at our best when we build community from the bottom up.
“Whether it’s tacos in Texas, tomatoes in California or dentistry in North Carolina,” says economist Lawrence Reed, “nobody grabs and keeps your attention better than Max Borders does in this destined-to-be-a-classic volume.”
- Sales Rank: #1168485 in eBooks
- Published on: 2012-12-21
- Released on: 2012-12-21
- Format: Kindle eBook
Most helpful customer reviews
8 of 8 people found the following review helpful.
Transform resentment into gratitude. Worth reading twice.
By bookfan
“Entrepreneurs are the ones who make the pie. Investors are the ones who bake the pie. Consumers are the ones who buy the pie. Then there are those who use the state to take the pie. (They help themselves.) Once we learn to tell the difference among these groups, we can better help those who have a hard time earning a crust.”
Max Borders is such a good storyteller, he puts this tidy reduction is a freaking footnote. His book is a joy, the sort of read that makes me march around the house giddy while I read it. Superwealth a celebration of failure, entrepreneurial OCD, and a vivid explication of why abundance is increasing all over the world, particularly for the poor, and why we should stop trying to stop it.
Starting with his great-grandmother who worked a farm during the Depression, Borders shows me how the gap between the rich and poor is “lag time,” and that today’s toddlers will grow up to be better off than today’s “one percent.” (Over 3 million Americans who never did anything to hurt us, most of whom have their wealth because they served us, most of whom will not be in the “one percent” in ten years, because others will find ways to serve us even better.)
Most refreshing is Borders doesn’t write with a tone of contempt toward those who advocate for economic and moral fallacies, but with an understanding of why our egalitarian values evolved. He tells some of the most evocative stories I’ve read of why our moral instincts, when enforced through bureaucracies, have the opposite effect we instinctively think.
Borders has a real gift for minting parables. He shows how, if wealth is dropped randomly over a town, the increase in overall prosperity creates an instant “wealth gap” that wasn’t there when the town was poorer. The story of triplets who succeeded at different rates arguing (and by implication voting) over who should pay for the new roads is an illuminating reduction of our current state of affairs. In the most startling chapter for me, he shows how “constructal theory”—basically any emergent system’s access to flow through vascularization— explains not only ecosystems, basketball rankings, the shape of swimming animals, but the distribution of resources among people in a voluntary system that increases overall wealth.
Borders’ puts spiritual virtues in their proper light. Entrepreneurs cultivate the “mindfulness” required to predict people’s needs, organize others, assemble resources, and risk their own wealth to fulfill others’ desires. This is service to mankind, not exploitation, and profits are a measure of how much others value what the entrepreneur created with self-sacrifice.
The audaciously contrarian title would tell you this is a polemic, but it is persuasive because it is infused with a tone not of argument but empathy for the moral instincts that give rise to economic fallacies. I felt like Borders was directly addressing the best in me, my conscience and my capacity for reason. If there is hope to stop the madness into which humanity is hurling, it is in this kind of persuasive writing.
My enthusiasm for Superwealth stems from the fact that I had just finished reading a great classic by a legendary economist and philosopher. Superwealth was a much faster and more fascinating read, and I learned more. If you want to understand why we live among such inequality and abundance, transform your resentment into gratitude with this book.
6 of 7 people found the following review helpful.
A great overview of why we should not worry about inequality
By Michael Strong
This book is a great overview of why we should not worry about inequality. It is a very engaging, reader-friendly book that, ideally, would be widely discussed by book clubs featuring both left-leaning and right-leaning participants. We need to have a far more sane conversation about this issue than is usually apparent in the media or academia, both of which tend to assume without reflection that inequality is obviously a problem.
6 of 9 people found the following review helpful.
A brilliant book for irregards your existing opinion, great writing
By Jesper Juul Andersen
This book is hands down the best non-fiction book I have read in 2011 for the layman. It doesn't require you to be an economist or philosopher, it presents the subject and issues in a clear manner and presents the arguments. And its arguments are definitly persuasive, it grasps its arguments from a broad spectrum of thinkers and ordinary people and doesn't narrow it's focus to a specific school of thoughts.
Perhaps what I liked the most were the interviews and stories of real people, seeing the issues from the view of individuals and their lives, and not just working the subject from the abstract idea level, that many books on Rich vs poor or income inequality does.
The part on wealth flows leaves me still skeptical, but still curios to explore more, and heir are of course also parts where I disagree or think valuable counter arguments have been left out - but on these part the book stil leaves me curious for more and eager to dig deeper.
One of the best things about this book is also that the author is humble and open, there is no pretense of knowledge in this book.
I can only give my highest recommendation for this book!
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