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The Assetocracy: Wealth, Power and Elitism in the House of Lords

The Assetocracy: Wealth, Power and Elitism in the House of Lords

Paperback

General Political SciencePoverty & Social Work

PREORDER - Expected ship date October 31, 2026

ISBN10: 1788219589
ISBN13: 9781788219587
Publisher: Agenda Publishing
Published: Oct 31 2026
Pages: 256
Language: English

Parliament's second chamber may no longer be home to hereditary peers, but elitism has far from been eradicated with their departure. In this detailed analysis of the financial and political activity of the members of the House of Lords, Huw Macartney exposes the extent of the wealth elite's grip on power at the heart of British government.

The introduction of life peerages in the 1950s, the reforms by the Blair government and the removal of the remaining hereditary peers were all intended to make the House a more diverse, representative and meritocratic chamber. Macartney's investigation into the shareholdings, company directorships, landholdings, rental properties, education, attendance, speeches and voting records of the Lords demonstrates how the political apparatus at the heart of Westminster promotes economic structures that protect wealth. Far from reflecting the society they govern, the Lords continue to operate at a remove from the everyday experiences of the British public and increasingly appear to be a club for the assetocratic class.

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Macartney, Huw

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General Political Science