We‘ve always been able to buy a first-class upgrade on a flight, but what happens when you can buy medical care, admissions to elite universities and high-school sports championships? This episode’s guest talks about the rise of this “Velvet Rope Economy” and what it means for the 99% (those of us making less than several million a year).
His name is Nelson Schwartz and he’s an award-winning economics reporter at the New York Times and author of the recent book, The Velvet Rope Economy.
Links:
Nelson’s book: The Velvet Rope Economy (Link: https://amzn.to/35UOw8L)
The Velvet Rope Economy: How Inequality Became Big Business