Elisabeth Schimpfössl: The Super-Rich of Russia

Following on from last week’s discussion of global povertyThe Provocateur turns its attention to the other end of the social scale: the super-rich, who have often been neglected in sociological studies of inequality. In Russia as in other post-Communist countries, capitalism is a relatively new phenomenon, creating in some cases a backlash from older Soviet-born generations against the burgeoning rise of mass consumption. Philanthropy is also becoming trendy among Russian multi-millionaires and billionaires, apparently in response to major disparities in income and wealth.

In this installment of The Provocateur I talk to Elisabeth Schimpfössl, a Leverhulme Early Career Fellow in the School of Slavonic and East European Studies at UCL, about her intriguing work researching the lives of Russia’s 0.1%. We discuss the historical context of Russian inequality in the Soviet and post-Soviet periods, before zooming in on the super-rich themselves. We investigate the gendered dynamics of Russian elites, their attitudes to the current regime and their motivations for charitable giving. Towards the end of the episode we also explore the future of Russian politics and the viability of comparisons with another highly oil-dependent country, Venezuela.

You can listen to the podcast here: 

Jason Hickel: Bridging the Divide: Ending Poverty on a Finite Planet

It is widely recognised that global inequality is a serious problem. For instance, according to a Credit Suisse report in 2015, half the world’s wealth is owned by the top 1% of the world’s population. More than 60% of humanity, or 4.3 billion people, live below the realistic minimum standard of a decent life. And yet it is also widely recognised that there are ecological limits to material prosperity. In 2017, Earth Overshoot Day – the date when human resource consumption for the year exceeds the Earth’s biocapacity for the same year – occurred on 2 August, compared with 19 December when the concept was first introduced 30 years ago. With Trump vowing to exit the Paris agreement on carbon emissions, it looks like the picture of our planet’s ecological health is also getting worse and not better. How to reconcile the objectives of development with the objectives of sound environmental policy is a complex and pressing matter. How did we get here? And what can we do about it?

On this episode of The Provocateur I talk to Jason Hickel, Leverhulme Early Career Fellow in the Department of Anthropology at LSE, to discuss how we can bridge the gap between rich and poor on a finite planet. We first talk about Jason’s interest in the subject as an anthropologist before moving on to Jason’s case for his argument that global poverty is getting worse not better. We explore the history of development politics in the era of the Washington Consensus, the limitations of GDP as a measure of growth and new strategies for development in an age of both economic and ecological crisis.

You can listen to the podcast here: 

Further Reading:

Chang, H-J. (2007) Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. London: Bloomsbury.

Easterly, W. (2006) The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good. Oxford: Oxford University Press.

Escobar, A. (1995) Encountering Development: The Making and Unmaking of the Third World. Princeton: Princeton University Press.

George, S. (1976) How the Other Half Dies. Harmondsworth: Penguin.

Harvey, D. (2005) A Brief History of Neoliberalism. Oxford: Oxford University Press.

Hickel, J. (2017) ‘Aid in reverse: how poor countries develop rich countries’, The Guardian, 14 January.

Klein, N. (2007) The Shock Doctrine: The Rise of Disaster Capitalism. Toronto: Knopf Canada.

_____ (2014) This Changes Everything: Capitalism vs. the Climate. Toronto: Knopf Canada.

Pearce, F. (2012) The Landgrabbers: The New Fight Over Who Owns the Earth. London: Eden Project Books.

Perkins, J. (2004) Confessions of an Economic Hit Man. San Francisco: Berrett-Koehler.

Pollin, R. (2005) Contours of Descent: US Economic Fractures and the Landscape of Global Austerity, updated edition. London: Verso.

Shaxson, N. (2012) Treasure Islands: Tax Havens and the Men Who Stole the World. London: Vintage.

Stiglitz, J. (2002) Globalization and its Discontents. New York: W. W. Norton.

Tandon, Y. (2015) Trade is War: The West’s War Against the World. New York and London: OR Books.