Mark Zuckerberg and Priscilla Chan, Allen & Co Conference, Idaho, US, 2013 © Daniel Acker/Bloomberg | Flickr
CapitalismEssaysLiberal Democracy in Question

Zuckerberg & Chan Are Us

Philanthrocapitalism and the public good

Almost forty-eight years to the day before Mark Zuckerberg and Priscilla Chan announced the creation of their limited liability company and pledged to give away 99% of their Facebook shares within their lifetimes, a lawyer lectured a roomful of stockbrokers on “How to Obtain Maximum Tax Advantages by Using Securities …

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Book cover of The Rise of the Creative Class, Revisited by Richard Florida © Basic Books | Amazon.com
CapitalismEssaysTheory & Practice

The Creative Class Rises Again

When first published in 2002, The Rise of the Creative Class quickly established its author Richard Florida as an urban policy and business management guru. The Rise of the Creative Class heralded the emergence of a new class of worker who promised to lead the economy, and along with it the rest of society, to unprecedented levels of prosperity. The creative class, according to Florida, included scientists, engineers, artists, designers, media producers, and others whose primary function is “to create new ideas, new technology and/or creative content.” They are abetted in this endeavor by a whole host of high-level information workers—doctors, lawyers, accountants, educators, and the like—who draw upon complex bodies of knowledge to solve difficult problems that require high degrees of autonomy. To mark a decade of influence, the book was re-released in 2012 in a substantially updated version, The Rise of the Creative Class, Revisitednow out in paperback. …

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