Uneasy Street: The Anxieties of Affluence
4/5
()
Currently unavailable
Currently unavailable
About this ebook
A surprising and revealing look at how today's elite view their own wealth and place in society
From TV’s “real housewives” to The Wolf of Wall Street, our popular culture portrays the wealthy as materialistic and entitled. But what do we really know about those who live on “easy street”? In this penetrating book, Rachel Sherman draws on rare in-depth interviews that she conducted with fifty affluent New Yorkers—including hedge fund financiers and corporate lawyers, professors and artists, and stay-at-home mothers—to examine their lifestyle choices and their understanding of privilege. Sherman upends images of wealthy people as invested only in accruing and displaying social advantages for themselves and their children. Instead, these liberal elites, who believe in diversity and meritocracy, feel conflicted about their position in a highly unequal society. They wish to be “normal,” describing their consumption as reasonable and basic and comparing themselves to those who have more than they do rather than those with less. These New Yorkers also want to see themselves as hard workers who give back and raise children with good values, and they avoid talking about money.
Although their experiences differ depending on a range of factors, including whether their wealth was earned or inherited, these elites generally depict themselves as productive and prudent, and therefore morally worthy, while the undeserving rich are lazy, ostentatious, and snobbish. Sherman argues that this ethical distinction between “good” and “bad” wealthy people characterizes American culture more broadly, and that it perpetuates rather than challenges economic inequality.
As the distance between rich and poor widens, Uneasy Street not only explores the real lives of those at the top but also sheds light on how extreme inequality comes to seem ordinary and acceptable to the rest of us.
Rachel Sherman
Rachel Sherman is Assistant Professor in the Department of Sociology at Yale University.
Read more from Rachel Sherman
Uneasy Street: The Anxieties of Affluence Rating: 4 out of 5 stars4/5Living Room: A Novel Rating: 3 out of 5 stars3/5Class Acts: Service and Inequality in Luxury Hotels Rating: 0 out of 5 stars0 ratings
Related to Uneasy Street
Related ebooks
Kingdom of Children: Culture and Controversy in the Homeschooling Movement Rating: 3 out of 5 stars3/5Raising Government Children: A History of Foster Care and the American Welfare State Rating: 4 out of 5 stars4/5Toward Cherokee Removal: Land, Violence, and the White Man’s Chance Rating: 0 out of 5 stars0 ratingsIn the Shadow of Dred Scott: St. Louis Freedom Suits and the Legal Culture of Slavery in Antebellum America Rating: 0 out of 5 stars0 ratingsThe Eureka Myth: Creators, Innovators, and Everyday Intellectual Property Rating: 5 out of 5 stars5/5Ain't No Trust: How Bosses, Boyfriends, and Bureaucrats Fail Low-Income Mothers and Why It Matters Rating: 4 out of 5 stars4/5Architects of Memory: Information and Rhetoric in a Networked Archival Age Rating: 0 out of 5 stars0 ratingsIntimate Strangers: Arendt, Marcuse, Solzhenitsyn, and Said in American Political Discourse Rating: 0 out of 5 stars0 ratingsExecuting Freedom: The Cultural Life of Capital Punishment in the United States Rating: 0 out of 5 stars0 ratingsConstructing Community: Urban Governance, Development, and Inequality in Boston Rating: 0 out of 5 stars0 ratingsLobbying America: The Politics of Business from Nixon to NAFTA Rating: 5 out of 5 stars5/5Mom: The Transformation of Motherhood in Modern America Rating: 0 out of 5 stars0 ratingsThe Economy of Promises: Trust, Power, and Credit in America Rating: 0 out of 5 stars0 ratingsRaving at Usurers: Anti-Finance and the Ethics of Uncertainty in England, 1690-1750 Rating: 0 out of 5 stars0 ratingsThe End of American Childhood: A History of Parenting from Life on the Frontier to the Managed Child Rating: 3 out of 5 stars3/5Stormy Weather: Middle-Class African American Marriages between the Two World Wars Rating: 0 out of 5 stars0 ratingsThe Velvet Glove: Paternalism and Conflict in Gender, Class, and Race Relations Rating: 0 out of 5 stars0 ratingsMarkets and Bodies: Women, Service Work, and the Making of Inequality in China Rating: 0 out of 5 stars0 ratingsRaised Right: Fatherhood in Modern American Conservatism Rating: 0 out of 5 stars0 ratingsThe Ties That Divide: Ethnic Politics, Foreign Policy, and International Conflict Rating: 0 out of 5 stars0 ratingsGrowing Up Jim Crow: How Black and White Southern Children Learned Race Rating: 4 out of 5 stars4/5Stick Together and Come Back Home: Racial Sorting and the Spillover of Carceral Identity Rating: 0 out of 5 stars0 ratingsBest Laid Plans: Women Coming of Age in Uncertain Times Rating: 0 out of 5 stars0 ratingsThe Southern Hospitality Myth: Ethics, Politics, Race, and American Memory Rating: 0 out of 5 stars0 ratingsThe Invention and Reinvention of Big Bill Broonzy Rating: 0 out of 5 stars0 ratingsRace to the Finish: Identity and Governance in an Age of Genomics Rating: 4 out of 5 stars4/5Everybody Else: Adoption and the Politics of Domestic Diversity in Postwar America Rating: 0 out of 5 stars0 ratingsSchool, Society, and State: A New Education to Govern Modern America, 1890-1940 Rating: 0 out of 5 stars0 ratingsProphets and Patriots: Faith in Democracy across the Political Divide Rating: 0 out of 5 stars0 ratingsThe Color of Creatorship: Intellectual Property, Race, and the Making of Americans Rating: 4 out of 5 stars4/5
Popular Culture & Media Studies For You
100 Things You're Not Supposed to Know: Secrets, Conspiracies, Cover Ups, and Absurdities Rating: 3 out of 5 stars3/5As You Wish: Inconceivable Tales from the Making of The Princess Bride Rating: 4 out of 5 stars4/5Hollywood's Dark History: Silver Screen Scandals Rating: 4 out of 5 stars4/5The Electric Kool-Aid Acid Test Rating: 4 out of 5 stars4/5The Madness of Crowds: Gender, Race and Identity Rating: 4 out of 5 stars4/5And The Mountains Echoed Rating: 2 out of 5 stars2/5Pimpology: The 48 Laws of the Game Rating: 5 out of 5 stars5/5Communion: The Female Search for Love Rating: 4 out of 5 stars4/5Rage Becomes Her: The Power of Women's Anger Rating: 4 out of 5 stars4/5The Fifties Rating: 4 out of 5 stars4/5The Science of Monsters: The Origins of the Creatures We Love to Fear Rating: 4 out of 5 stars4/5Thick: And Other Essays Rating: 5 out of 5 stars5/5Butts: A Backstory Rating: 4 out of 5 stars4/5The Element Encyclopedia of 20,000 Dreams: The Ultimate A–Z to Interpret the Secrets of Your Dreams Rating: 4 out of 5 stars4/5Capitalist Realism: Is There No Alternative? Rating: 5 out of 5 stars5/5The Beauty Myth: How Images of Beauty Are Used Against Women Rating: 4 out of 5 stars4/5Regarding the Pain of Others Rating: 4 out of 5 stars4/5Confessions of an Heiress: A Tongue-in-Chic Peek Behind the Pose Rating: 3 out of 5 stars3/5The Devil's Notebook Rating: 4 out of 5 stars4/5The Gamer's Bucket List: The 50 Video Games to Play Before You Die Rating: 4 out of 5 stars4/5Fear and Loathing at Rolling Stone: The Essential Writing of Hunter S. Thompson Rating: 4 out of 5 stars4/5The Dream Dictionary from A to Z [Revised edition]: The Ultimate A–Z to Interpret the Secrets of Your Dreams Rating: 5 out of 5 stars5/5Propaganda and the Public Mind Rating: 3 out of 5 stars3/5The Art of Libromancy: On Selling Books and Reading Books in the Twenty-first Century Rating: 5 out of 5 stars5/5The Psychology of Totalitarianism Rating: 5 out of 5 stars5/5
Reviews for Uneasy Street
5 ratings2 reviews
- Rating: 4 out of 5 stars4/5Sherman interviewed a number of wealthy New Yorkers about how they thought about the getting and spending of money. Many were politically liberal, some conservative (at least when it came to taxes), but they all wanted to avoid being seen as “entitled.” Proper attitudes towards money required respect for hard work, avoiding being a showoff (which meant that you didn’t brag about the second home in the Hamptons, not that you didn’t have it), and an attitude of gratitude for the opportunities one had been afforded, whether through inheritance or otherwise. Many of them didn’t like the language of desert, though they also thought they (or someone to whom they were connected) had earned the money. Sherman seems a bit ideologically confused herself; she concludes that these attitudes largely suppress discussion of inequality and make it easier to ignore the ways in which other people work as hard/harder for less, but her big point is that inequality is structural. If all her interviewees gave away all their money, the structures wouldn’t change—though query if the same could be said if they used their money for political donations (they still wouldn’t be able to match the Kochs, though). I also really wonder whether she’d find the same ways of thinking/talking about money among rich people in, say, Oklahoma City—both in terms of what she calls “downward-oriented” people (usually liberal, hyperaware of what they have that others don’t) and “upward-oriented” people (the ones who say they’re not that rich, really, because they still fly first class most of the time, more likely to be conservative).
- Rating: 4 out of 5 stars4/5I found out about this book both through an article in the Guardian and from an organization named Resource Generation. It's an ethnographic study of young progressive wealthy New Yorker's.The subjects of her study find themselves in a paradox. On the one hand, they’re socially progressive, and aware of the ills of wealth inequality. On the other hand, they’re beneficiaries of this inequity, and don’t feel empowered to do anything about it. This leaves them feeling conflicted about having access to financial capital. Instead of the gaudy displays some associate with the rich, this class wants to stay out of the limelight and instead appear as “middle class,” even though they are technically part of the 1%.Some might find Sherman’s text tedious at times. She goes into great detail to describe a variety of aspects of these people’s lives: their home renovations, their children’s lives, their perspectives on morality. I found it fascinating. I too am distraught by the lack of transparency surrounding class in American culture, and share Sherman’s concerns that “class blindness” contributes to inequity rather than alleviating the problem.Many of the subjects in her interviews feel as though there are “good” rich people and “bad” rich people. They can be “deserving” by being hardworking and respectful of others, or they can be “undeserving” by being lazy or opulent. What’s interesting about this analysis is that the underlying assumption doesn’t challenge the ethics of inequality. Instead, it qualifies inequality, assuming that some people simple deserve to be at the top of the ladders while most others are at the bottom.Not only this, but many feel they must prove their worth by working hard. There’s an implicit assumption that the injury and sacrifice sustained through hard work builds up some kind of social debt that justifies their wealth, almost like insurance. And yet this worldview is easily dispelled by looking at working-class individuals who regularly work two or three jobs just to buy enough to eat.As Charles Eisenstein would say, these kinds of comparisons—both to others and to abstract principles—are generally unhealthy and unproductive. They result in either self-doubt or self-righteousness, neither of which are useful.A topic not even touched upon in this book is the concept of the negative externalities caused by letting their money continue to be held in yielding vehicles. Someone might be hesitant to buy a Ferrari because they’re concerned about the conspicuous consumption. And yet they might simultaneously hold hundreds of thousands of dollars of fossil fuel stocks, which cause magnitudes more emissions and damage (albeit, out of sight of the investor), than the car would.I’m reminded of an article in “Current Affairs” that suggests that being rich is unethical. Respondents in the book would counter, “but what can I do about this?” Well, if they were serious about this question, they could give away their wealth to radical causes that further systems change. You might think that no one actually goes this far, but I have friends that give away all of their financial wealth while supporting themselves with a poverty line income. I wouldn’t go too far in idolizing this lifestyle, as poverty-line jobs are the inverse component of an extractive economy. But, as a wealthy person, it’s good to remember that you are not your money, and life and meaning could go on (or vastly improve) even if you lost or gave away your wealth. Many respondents in the book actually said they didn’t fear losing their wealth, or almost wished that it would happen. And yet none of them pro-actively brought such a shift about.I found myself both feeling more empathetic for people in positions of extreme privilege, and feeling as though I now have a more nuanced view on exactly why financial obscurity and a morality of hard work are damaging.