A new book about how America’s top 1% are ruining Jackson Hole, Wyo., has become a recent topic of discussion at the dinner table. The book, authored by Yale professor Justin Farrell, has received excellent reviews as it illustrates the effect of the ultra-rich on communities in the West like Jackson Hole, Buckrail reports.
“A Yale sociology professor documents the class divide in Teton County, Wyo., where ultra-wealthy tech CEOs, financiers, and political figures are buying up land and romanticizing rural poverty in order to improve their own socioeconomic status.”—Publishers Weekly
Farrell’s book is titled Billionaire Wilderness: The Ultra-Wealthy and the Remaking of the American West and was published by the Princeton University Press. Born in Wyoming and having spent 5 years in Teton County, Farrell has seen first hand how billionaires are pushing out the millionaires in Jackson Hole by buying up land and leveraging “one of the most pristine ecosystems in the world to climb even higher on the socioeconomic ladder,” Buckrail reports.
Farrell interviewed many of Jackson Hole’s ultra-rich for the book, and found several constants among many of them. A lot these rich folk believe that they are blending in with and actually helping long-time members of Jackson Hole’s community. He highlights just how much money is pouring into the area which — by anybody’s terms — is quite the sum. The book sparks curiosity and can really make one wonder where all this is headed.