The Money Cult

A grand and startling work of American history America was founded, we’re taught in school, by the Pilgrims and other Puritans escaping religious persecution in Europe—an austere and pious lot who established a culture that remained pure and uncorrupted until the Industrial Revolution got in the way. In The Money Cult, Chris Lehmann reveals that we have it backward: American capitalism has always been entangled with religion, and so today’s megapastors, for example, aren’t an aberration—they’re as American as Benjamin Franklin. Tracing American Christianity from John Winthrop to the rise of the Mormon Church and on to the triumph of Joel Osteen, The Money Cult is an ambitious work of history from a widely admired journalist. Examining nearly four hundred years of American history, Lehmann reveals how America’s religious leaders became less worried about sin and the afterlife and more concerned with the material world, until the social gospel was overtaken by the gospel of wealth. Showing how American Christianity came to accommodate—and eventually embrace—the pursuit of profit, as well as the inescapability of economic inequality, The Money Cult is a wide-ranging and revelatory book that will make you rethink what you know about the form of American capitalism so dominant in the world today, as well as the core tenets of America itself.

Everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value. Das shows how "extreme money" has become ever more unreal; how "voodoo banking" continues to generate massive phony profits even now; and how a new generation of "Masters of the Universe" has come to domiinate the world.

WALL STREET JOURNAL BESTSELLER • A FINANCIAL TIMES, FORTUNE, AND NPR BEST BOOK OF THE YEAR • “The riveting, definitive account of WeWork, one of the wildest business stories of our time.”—Matt Levine, Money Stuff columnist, Bloomberg Opinion The definitive story of the rise and fall of WeWork (also depicted in the upcoming Apple TV+ series WeCrashed, starring Jared Leto and Anne Hathaway), by the real-life journalists whose Wall Street Journal reporting rocked the company and exposed a financial system drunk on the elixir of Silicon Valley innovation. LONGLISTED FOR THE FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD WeWork would be worth $10 trillion, more than any other company in the world. It wasn’t just an office space provider. It was a tech company—an AI startup, even. Its WeGrow schools and WeLive residences would revolutionize education and housing. One day, mused founder Adam Neumann, a Middle East peace accord would be signed in a WeWork. The company might help colonize Mars. And Neumann would become the world’s first trillionaire. This was the vision of Neumann and his primary cheerleader, SoftBank’s Masayoshi Son. In hindsight, their ambition for the company, whose primary business was subletting desks in slickly designed offices, seems like madness. Why did so many intelligent people—from venture capitalists to Wall Street elite—fall for the hype? And how did WeWork go so wrong? In little more than a decade, Neumann transformed himself from a struggling baby clothes salesman into the charismatic, hard-partying CEO of a company worth $47 billion—on paper. With his long hair and feel-good mantras, the six-foot-five Israeli transplant looked the part of a messianic truth teller. Investors swooned, and billions poured in. Neumann dined with the CEOs of JPMorgan and Goldman Sachs, entertaining a parade of power brokers desperate to get a slice of what he was selling: the country’s most valuable startup, a once-in-a-lifetime opportunity and a generation-defining moment. Soon, however, WeWork was burning through cash faster than Neumann could bring it in. From his private jet, sometimes clouded with marijuana smoke, he scoured the globe for more capital. Then, as WeWork readied a Hail Mary IPO, it all fell apart. Nearly $40 billion of value vaporized in one of corporate America’s most spectacular meltdowns. Peppered with eye-popping, never-before-reported details, The Cult of We is the gripping story of careless and often absurd people—and the financial system they have made.

John Self is a consumer extraordinaire. Rolling between London and New York he closes movie deals and spends feverishly, all the while grabbing everything he can to sate his massive appetites: alcohol, tobacco, pills, pornography and mountains of junk food. But John’s excesses haven’t gone unnoted. Menaced by a phone stalker, his high-wire, hoggish lifestyle is about to bring him face-to-face with the secret of his success. 'Terribly, terminally funny: laughter in the dark, if ever I heard it' Guardian

The Broadway Books Library of Larceny Luc Sante, General Editor For more than fifty years, Willie Sutton devoted his boundless energy and undoubted genius exclusively to two activities at which he became better than any man in history: breaking in and breaking out. The targets in the first instance were banks and in the second, prisons. Unarguably America’s most famous bank robber, Willie never injured a soul, but took on almost a hundred banks and departed three of America’s most escape-proof penitentiaries. This is the stuff of myth—rascally and cautionary by turns—yet true in every searing, diverting, and brilliantly recalled detail.

For the first thirteen years of her life, Flor Edwards grew up in the Children of God. The group's nomadic existence was based on the belief that, as God's chosen people, they would be saved in the impending apocalypse that would envelop the rest of the world in 1993. Flor would be thirteen years old. The group's charismatic leader, Father David, kept the family on the move, from Los Angeles to Bangkok to Chicago, where they would eventually disband, leaving Flor to make sense of the foreign world of mainstream society around her. Apocalypse Child is a cathartic journey through Flor's memories of growing up within a group with unconventional views on education, religion, and sex. Whimsically referring to herself as a real life Kimmy Schmidt, Edwards's clear-eyed memoir is a story of survival in a childhood lived on the fringes.

Named one of Vulture’s Top 10 Best Books of 2020! Leftist firebrand Fredrik deBoer exposes the lie at the heart of our educational system and demands top-to-bottom reform. Everyone agrees that education is the key to creating a more just and equal world, and that our schools are broken and failing. Proposed reforms variously target incompetent teachers, corrupt union practices, or outdated curricula, but no one acknowledges a scientifically-proven fact that we all understand intuitively: Academic potential varies between individuals, and cannot be dramatically improved. In The Cult of Smart, educator and outspoken leftist Fredrik deBoer exposes this omission as the central flaw of our entire society, which has created and perpetuated an unjust class structure based on intellectual ability. Since cognitive talent varies from person to person, our education system can never create equal opportunity for all. Instead, it teaches our children that hierarchy and competition are natural, and that human value should be based on intelligence. These ideas are counter to everything that the left believes, but until they acknowledge the existence of individual cognitive differences, progressives remain complicit in keeping the status quo in place. This passionate, voice-driven manifesto demands that we embrace a new goal for education: equality of outcomes. We must create a world that has a place for everyone, not just the academically talented. But we’ll never achieve this dream until the Cult of Smart is destroyed.

"Social criticism at its scorching-hot best."--Barbara Ehrenreich "Think H.L. Mencken crossed with Jon Stewart."--The Phoenix In Rich People Things, Chris Lehmann lays bare the various dogmas and delusions that prop up plutocratic rule in the post-meltdown age. It's a humorous and harrowing tale of warped populism, phony reform, and blind deference to the nation's financial elite. As the author explains, American class privilege is very much like the idea of sex in a Catholic school--it's not supposed to exist in the first place, but once it presents itself in your mind's eye, you realize that it's everywhere. A concise and easy-to-use guide, Rich People Things catalogs the fortifications that shelter the opulent from the resentments of the hoi polloi. From ideological stanchions such as the Free Market through the castellation of media including The New York Times and Wired magazine, to gatekeepers such as David Brooks, Steve Forbes, and Alan Greenspan, Lehmann covers the vast array of comforting and comprehensive protections that allow the über-privileged to maintain their iron grip on almost half of America's wealth. With chapters on Malcolm Gladwell, the Supreme Court, the memoir, and more, no one is spared from Lehmann's pointed prose. Chris Lehmann is employed, ever precariously, as an editor for Yahoo! News, Bookforum, and The Baffler, while dissecting the excesses of his social betters for his column Rich People Things at TheAwl.com. He lives in Washington, DC, with his wife Ana Marie Cox and a quartet of excellent pets.