Question

According to Freeland, why have the super-rich become a global phenomenon? What are the global super-rich like?

Answer 1

Super rich has become a global phenomenon, because it is the globalization that has spread the creation of super-rich. Individuals with capital and resources move in different economies and create more wealth. While doing so, it creates opportunities for the other people, but the income inequality grows as per the theory proposed by Chryrstia Freeland and new super-rich are created in different economies. Further, it also becomes global as the psychology of these super-rich does not constrain themselves within the boundary of one nation, rather they become a global citizen. It also makes these global-rich individuals to be a global phenomenon.
The global super-rich are the people with presence in different countries across the globe in terms of ownership of resources, asset creation and citizenship. These people dominate the economy collectively and utilize the available resources. Though, it also works as invisible hand because many middle class or lower middle class people get jobs, but the income inequality and disparity in distribution of resources increases due to the presence of these global super-rich entities.