Axelsen, David and Nielsen, Lasse (2023) What's Wrong with Extreme Wealth? Political Studies Review. DOI https://doi.org/10.1177/14789299231195453
Axelsen, David and Nielsen, Lasse (2023) What's Wrong with Extreme Wealth? Political Studies Review. DOI https://doi.org/10.1177/14789299231195453
Axelsen, David and Nielsen, Lasse (2023) What's Wrong with Extreme Wealth? Political Studies Review. DOI https://doi.org/10.1177/14789299231195453
Abstract
The expansion in the wealth of the extremely wealthy has received much at-tention in recent public and academic debate. In political theory, the phe-nomenon has only recently begun to be scrutinized. This paper builds on these preliminary steps, exploring the normative reasons we have to worry about extreme wealth. Looking at the issues, first, through a Distributive Lens, we reveal that the excess wealth of the extremely wealthy compounds the injustice of inequality and insufficiency, making the situation distinctly unjust. Through a Relational Lens, we see that extreme wealth may create so-cietal segregation, which poses distinct threats to solidarity. Finally, when the two previous perspectives interact, the particular ways in which the wealthy can influence society, change rules and norms, and bend existing regulation to their advantage, opens up the possibility of vicious societal feedback loops.
Item Type: | Article |
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Uncontrolled Keywords: | extreme wealth; inequality; justice; normative reasons |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Government, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 26 Oct 2023 16:21 |
Last Modified: | 26 Oct 2023 16:28 |
URI: | http://repository.essex.ac.uk/id/eprint/36211 |
Available files
Filename: Extreme Wealth PSR_R2 final.pdf