Rob Henderson - Luxury Beliefs: How Elites Exploit the Poor

The book explores the lives of two men named Wes Moore, both born in Baltimore and raised in fatherless households. The author, Wes Moore, became a Rhodes Scholar, a decorated veteran, a White House Fellow, and a business leader, while the other Wes Moore was convicted of murder and is serving a life sentence. Through alternating narratives, the book delves into the critical roles of family support, choices, and luck in shaping their destinies. It highlights the impact of their environments, the absence of their fathers, and the different paths they took despite similar starting points. The author reflects on how his own family's support and his experiences in military school and later in his career contributed to his success, contrasting with the other Wes Moore's struggles and eventual incarceration.

In 'Hillbilly Elegy,' J.D. Vance recounts his life growing up in a dysfunctional family in Middletown, Ohio, with roots in Kentucky's Appalachia. The book details his experiences with poverty, addiction, and family violence, as well as his journey to joining the marines and eventually graduating from Yale Law School. Vance provides a personal and insightful look into the decline of the white working class in America, exploring themes of family, culture, and the loss of the American dream. The memoir also touches on the political swing of the region, particularly in relation to the 2016 presidential election and the appeal of Donald Trump to this demographic.

In 'The Theory of the Leisure Class', Thorstein Veblen presents a critical analysis of the social and economic behaviors of the upper class, arguing that economic life is driven by social vestiges from pre-historic times rather than by notions of utility. Veblen introduces concepts such as 'conspicuous consumption', 'pecuniary superiority', and 'vicarious leisure', highlighting how the leisure class demonstrates its economic superiority through non-productive activities and the display of wealth. The book challenges contemporary economic theories by emphasizing the role of social and cultural factors in shaping economic behaviors and critiques the wasteful and exploitative nature of the leisure class's activities[1][3][5].

In this book, Melissa S. Kearney presents a provocative case for the economic benefits of marriage, highlighting how the decline of marriage has exacerbated economic and social inequalities in the US. Based on over a decade of economic research, Kearney argues that households with two married parents offer significant economic and non-economic benefits to both the parents and their children, particularly in terms of financial stability, educational outcomes, and social mobility. She emphasizes that the decline in marriage is more pronounced among lower socioeconomic groups, leading to a 'two-parent privilege' that advantages children from higher socioeconomic backgrounds. Kearney also discusses the underlying causes of the marriage decline, including changes in male wages and female labor market participation, and suggests policy implications to address these issues.