The Super-rich: Origin, Reproduction, and Social Acceptance

Abstract

What is the sociological understanding of the super-rich? To address this question, we propose and further elaborate three interconnected lines of investigation. After highlighting some plausible criteria for identifying the super-rich, we deal first with the generative and reproductive mechanisms underpinning the huge wealth concentration emerging over the last decades. Second, we dissect the nexus between the super-rich and places, i.e., how the super-rich shape the spaces to implement their housing strategies, consumption patterns, and lifestyle. By doing so, we will also show how the super-rich transform spaces into social arenas in which they stand out through an original form of distinction made up of recognition and invisibility. Third, we will focus on the dynamics and the behaviours that help the super-rich gain social acceptance. This three-step analysis allows us to pinpoint in the conclusions some regressive outcomes in economic, social, and political terms fostered by the increasing concentration of private wealth.