Chapter 1 of 14
Introduction: The Farm
The accountant
Some time between 3400 and 3000 BCE, in the city of Uruk in what is now southern Iraq, someone pressed a reed stylus into a palm-sized slab of wet clay. The marks were not a poem, a prayer or a law. They were a receipt. Read by modern specialists, the tablet records a quantity of barley — usually given as 29,086 measures — over a period of thirty-seven months, and beside the numbers stands a sign group transliterated as Ku-šim. The same signs turn up on more than a dozen other tablets from the period, sometimes next to a title that seems to mean an administrator of temple property.
Scholars still argue about whether "Kushim" was a man's name, the name of an office, or the name of an institution. If it was a person, it is one of the oldest personal names we have. That alone should give us pause. The first human being in history whom we might be able to call by name was not a king, a warrior, a prophet or a poet. He was an accountant, and what he was accounting for was grain — grain that other people had grown, harvested, threshed and carried, and that had ended up in a storehouse controlled by somebody else.
Look at that tablet for long enough and the whole of this book is already there. There is the crop. There is the ledger. There is the official who keeps it, and behind him the temple or palace that owns the storehouse. Somewhere outside the frame there are the people whose names were not written down — the farmers who owed the barley, the labourers who were paid in it, the families whose year depended on how much of it was left after the storehouse had taken its share. Writing, as far as we can tell, was not invented to record the deeds of heroes. In Mesopotamia it grew out of the business of keeping track of who owed what to whom.
Five thousand years later the ledgers are electronic, the grain has become wages, rents, interest, fees and data, and the storehouse is an investment portfolio. But the shape of the arrangement has proved astonishingly durable. A very small number of people sit at the top of a flow. A larger but still small number of people manage the flow on their behalf. And the great majority of people produce what flows.
This book is about that arrangement. I call it the Human Farm.
A farm, not a hunt
It is worth being precise about why the image is a farm, because the word was chosen carefully and it carries most of the argument.
A hunter kills what he finds and moves on. A raider takes everything he can carry and leaves the village burning. Both are forms of predation, and history has had plenty of both. But neither is a stable way to live off other people for very long, because both destroy the thing they feed on. The raider who strips a valley bare this year will find nothing there next year.
A farmer is different. A farmer does not want his animals dead. He wants them alive, fed, sheltered, healthy enough to breed and work, and — above all — still there next season. He builds fences, not to hurt the herd, but to keep it in one place. He provides water and fodder, because a starving cow gives no milk. He may even feel genuine affection for his animals. None of this changes the basic fact of the relationship: the farm exists to produce a surplus, and the surplus does not belong to those who produce it.
The economist Mancur Olson captured the same distinction in a famous 1993 paper. He contrasted the roving bandit, who plunders a territory and moves on, with the stationary bandit, who settles down, monopolises theft in one area and converts it into regular taxation. The stationary bandit, Olson argued, has an interest that the roving bandit lacks: he wants the people under him to be productive, because their productivity is his income. So he suppresses rival bandits, keeps a kind of order, perhaps builds roads and canals. Olson's point was that this is how many governments began — not as a social contract among equals, but as protection rackets that discovered it paid to protect. His stationary bandit is the farmer of this book. He looks after the herd because the herd is his living.
Once you see the distinction, a great deal of history rearranges itself. The question is rarely "why were the powerful so cruel?" Often they were, but cruelty is expensive and tends to be bad for business. The more useful question is "how did the powerful arrange things so that the surplus kept coming, year after year, generation after generation, with as little resistance as possible?" That is a question about design, not about character. And the answers — fences, feeding, shepherds, stories — are what the following chapters trace through five millennia.
I should say clearly what the metaphor does not mean. It does not mean that ordinary people are passive, stupid or animal-like. The opposite is true, and much of this book is about the times they refused, fled, rioted, organised, struck, voted, and occasionally won. Human beings are the only livestock in history who have repeatedly torn the fences down. Nor does the metaphor mean that the people at the top are a different species. They are drawn from the same stock as everyone else, and some of them began their lives on the other side of the fence. George Orwell used the farm as an image of power in 1945, and the most chilling line of Animal Farm is not about the farmer at all. It is the slogan the pigs paint on the barn once they have taken his place: "All animals are equal, but some animals are more equal than others." The farm, in other words, is not a matter of who the farmer is. It is a structure, and a structure can survive a change of management.
The numbers: 0.01, 1 and 99
The title of this book rests on three numbers, and it is only fair to say where they come from and how seriously to take them.
The 99% entered everyday language in September 2011, when the Occupy Wall Street protesters in Zuccotti Park adopted the slogan "We are the 99%". The phrase stuck because the data behind it were real. In the years before the slogan, economists Thomas Piketty and Emmanuel Saez had painstakingly reconstructed the share of national income going to the top 1% of earners in the United States, using a century of tax returns. They found that the top 1%'s share had followed a great U-shape: very high in the 1910s and 1920s, collapsing during the Depression and the Second World War, staying low through the post-war decades, and then climbing again from around 1980 back towards the levels of the Gilded Age. Similar curves appeared, with national variations, in Britain, Canada and elsewhere. The "1%" was not a rhetorical flourish. It was a line on a chart.
But the line hides something important, which is that the top 1% is not one thing. Inside it there is a far smaller group whose position is of a different kind altogether. This is the group I call the 0.01% — one person in ten thousand. In a world of around five billion adults, that is roughly half a million people. In a country of three hundred million, it is about thirty thousand. These are not doctors, lawyers or senior managers, however comfortably those people live. They are the owners: the people whose income comes overwhelmingly from what they own rather than from what they do, and whose holdings are large enough to shape markets, media, politics and law.
Consider some figures from the last few years. They come from different sources using different methods, and none of them is beyond dispute, but they point the same way.
- The World Inequality Report 2022, produced by the economists Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman, estimated that the richest 10% of the world's adults owned about 76% of all household wealth, while the poorest half owned about 2%. Between 1995 and 2021, it calculated, the global top 1% captured 38% of all the additional wealth accumulated, while the bottom half captured 2%. Over the same period, the share of global wealth held by a thin sliver at the very top — the report's summary puts it at the top 0.1%, while some press coverage attributed the figure to the top 0.01% — rose from about 7% to about 11%. And the share held by billionaires alone rose from about 1% to more than 3%.
- In January 2023, the charity Oxfam, using wealth data from the Credit Suisse Global Wealth Report, estimated that of the roughly $42 trillion of new wealth created worldwide in the two years to December 2021, about $26 trillion — some 63% — went to the richest 1%. Oxfam's reports are campaigning documents, and their methods have been criticised (net wealth figures, for instance, count an indebted Western graduate as "poorer" than a debt-free subsistence farmer). But the underlying wealth estimates are not Oxfam's own, and the direction of the finding is consistent with other sources.
- In April 2025, Forbes counted 3,028 billionaires in the world — the largest number since it began its annual list in 1987 — with a combined net worth of about $16.1 trillion.
- In the United States, the Federal Reserve's own Distributional Financial Accounts showed that in the third quarter of 2025 the top 1% of households held about 31.7% of the country's net worth. The entire bottom half of American households — more than sixty million families — held about 2.5%.
Read those numbers slowly. In the richest country on earth, half of the population owns, between them, about one-thirteenth as much as the top one-hundredth. Globally, half of humanity owns about one-fiftieth of what there is to own.
There are two common reactions to figures like these. The first is outrage, which is understandable but tends to burn out. The second is a shrug: inequality is just how things are, it has always been like this, and anyway the poor today are richer than the poor of the past. I want to suggest a third reaction, which is curiosity. Why has it always been like this? What, exactly, holds the pattern in place? And why, on the few occasions it has been broken, did it break?
How old is the pattern?
It is tempting to think of extreme inequality as a product of modern capitalism, or of globalisation, or of the last forty years of policy. Those things matter, and later chapters examine them closely. But the deeper pattern is much older.
For most of the roughly three hundred thousand years that Homo sapiens has existed, people lived in small mobile groups of foragers. Anthropologists who studied twentieth-century foraging societies — the !Kung of the Kalahari, the Hadza of Tanzania, and others — found that many of them were fiercely, deliberately egalitarian, with elaborate customs for mocking and levelling anyone who tried to set himself above the rest. We should be careful not to romanticise this, and the archaeologists David Graeber and David Wengrow have argued persuasively that prehistoric societies experimented with many different arrangements, including seasonal hierarchies that were set up and then dismantled again. The point is not that early humans lived in a golden age. The point is that permanent, inheritable, large-scale hierarchy was not a law of nature. It had to be built.
It was built, in most places, on top of grain. The political scientist James C. Scott, in his book Against the Grain, made an argument that will run through the next few chapters. Cereal crops such as wheat, barley and rice, he pointed out, have a peculiar set of properties. They ripen at the same time, so the harvest can be supervised. They grow above ground in visible fields, so they can be measured. They can be dried, stored and transported, so they can be taxed and hoarded. Root crops, by contrast, can be left in the ground and dug up when needed, out of sight of the tax collector. Scott's provocative conclusion was that the earliest states were, among other things, machines for capturing grain and the people who grew it — and that their famous walls were built as much to keep their own farmers in as to keep enemies out.
Once grain states existed, the gap between top and bottom widened quickly and stayed wide. The historian Walter Scheidel, in The Great Leveler, surveyed inequality across the whole span of recorded history. His conclusion was sobering. In almost every settled society for which we have evidence, from ancient Mesopotamia to the Roman Empire to early modern Europe, inequality tended to rise and then to stay high, sometimes for centuries. The only forces Scheidel found that reliably and substantially reduced it were what he called the "Four Horsemen of Leveling": mass-mobilisation warfare, transformative revolution, state collapse, and lethal pandemics. In other words, the farm has usually been dismantled only by catastrophe. That is a claim this book takes seriously and, in its final chapter, questions.
A second piece of research makes the farm metaphor almost literal. In 2011 the economists Branko Milanovic, Peter Lindert and Jeffrey Williamson asked a simple question about pre-industrial societies. If everyone below the elite had to receive at least enough to survive — otherwise the population would collapse — what was the maximum inequality a given society could possibly sustain? They called this the "inequality possibility frontier". Then they compared it with how unequal those societies actually were, and called the ratio between the two the "extraction ratio". Across the nearly thirty ancient and early-modern societies they examined, many elites were found to be taking a remarkably large part of everything that could, in principle, be taken from people who still had to be kept alive. That is precisely what a farm does. It takes everything above what the herd needs to keep producing.
Why these particular numbers
So why 0.01, 1 and 99, rather than, say, 10 and 90?
Partly because the labels are now familiar and useful. But mostly because they describe three different positions in the farm, not just three slices of a distribution.
The 0.01% are the owners of the farm. In Uruk they were the temple and palace households; in Rome the senatorial families with their vast estates; in medieval Europe the great lay and clerical lords; in the age of empire the shareholders of chartered companies and the owners of plantations; today the owners of the largest pools of capital. Their defining feature is not that they work hard or that they don't. It is that the surplus flows to them by right of ownership.
The 1% are the managers of the farm — the people I will call the shepherds. Priests, scribes, tax officials, stewards, overseers, lawyers, military officers, bureaucrats, bankers, executives, consultants and, increasingly, the professionals who design the systems through which the surplus is collected. They are paid well, often extremely well, and they enjoy privileges the herd does not. But they do not own the farm. Their position depends on running it well, and they can be replaced. This makes them both the most loyal servants of the arrangement and, in moments of crisis, its most dangerous potential defectors.
The 99% are everyone else: the people whose labour, time, obedience and — in war — lives keep the farm going.
These proportions are rough. In Bronze Age Egypt the controlling group was probably far smaller than one in a hundred; in some modern professional economies the managerial layer is broader. The 99% is not uniform either. A nurse in Oslo and a cobalt miner in the Democratic Republic of the Congo are both in it, and their lives are not remotely the same. Indeed, a great many people in rich countries sit within the global top 10% even if they feel squeezed at home — a fact that tells us something about how the farm extends across borders, as later chapters will show. I use the numbers as a lens, not as a census. What matters is the structure: owners, managers, producers, and a flow that runs reliably in one direction.
Exploitation: a mechanism, not a mood
The word "exploitation" will appear often in this book, and it needs defending, because it is one of those words that people stop listening to as soon as they hear it. To some readers it sounds like an insult; to others it sounds like a slogan from a political tradition they distrust. I want to use it in a stricter sense than either.
When I say that the 99% have been exploited, I am not saying that they were unhappy, though often they were, or that the people at the top were wicked, though some of them were. I am describing a mechanism. The sociologist Erik Olin Wright, who spent much of his career trying to make the idea precise, proposed that a relationship counts as exploitation when three conditions hold together. First, the material welfare of one group depends on the deprivation of another — the more one side gets, the less the other keeps. Second, the deprived group is excluded from access to some important productive resource, such as land or capital. Third, the advantaged group gains by appropriating the fruits of the deprived group's labour. Remove any one of the three and you have something else: ordinary inequality, perhaps, or simple misfortune. Put all three together and you have a farm.
This definition has three virtues. It is testable: we can ask, of any society, who owns the land, who does the work, and where the surplus goes. It is impersonal: it does not require anybody to be a villain, only to occupy a position. And it is old. Long before Karl Marx, the founding father of free-market economics described the same structure with startling bluntness. In The Wealth of Nations, published in 1776, Adam Smith wrote:
"Wherever there is great property, there is great inequality. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many."
And a few lines later:
"Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all."
Smith was not a revolutionary. He believed that commercial society, for all its faults, was better than the feudal order it was replacing, and he thought the "invisible hand" of markets could make even selfish actions serve the common good. But he did not pretend that property was a natural fact. He saw that it was held in place by law and force, and that law and force had been arranged by and for those who had it.
No secret plan required
This leads to the most important methodological point in the book. The Human Farm is not a conspiracy.
There is a style of thinking about elites that imagines a hidden committee — a cabal, a secret society, a bloodline — sitting in a dark room deciding the fate of the world. It is a seductive style, because it gives anger a target. It is also, almost always, wrong, and it is worse than wrong, because it makes the real mechanism invisible. If the problem is a secret cabal, then the solution is to unmask it, and when no cabal is found the whole critique collapses into embarrassment.
The farm does not need a secret plan, for the same reason that a market does not need a central planner and an ecosystem does not need a designer. It needs only a set of positions, a set of incentives and a set of rules, and people who respond sensibly to them. A landlord does not have to conspire with other landlords to raise rents; he only has to notice that tenants have nowhere else to go. A lender does not have to conspire to impoverish debtors; compound interest does it for him. A bureaucrat does not have to hate the peasants whose taxes he collects; he only has to want to keep his job. Each actor can be decent, even kind, in private life. The outcome is produced by the structure.
That does not mean the powerful never coordinate. They do, often openly. Adam Smith again: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices." Lobbying, cartels, trade associations, think tanks, campaign donations and the old-school tie are real, and later chapters name names. But these are not secret. They are documented in court records, company archives, parliamentary inquiries and newspapers. The power of the farm lies not in what is hidden but in what is so familiar it has become invisible.
The five parts of every farm
Every chapter of this book looks at its era through the same five questions. Together they form the lens that lets us compare a temple granary in Uruk, a slave estate in Roman Sicily, a cotton plantation in Mississippi and a delivery app on your phone, and see what they share as well as what they don't.
1. The fence
A farm without a fence is not a farm; it is a field the animals will wander out of. So the first question is always: what stops the 99% from leaving, or from simply refusing?
In the earliest states, the fence was often literal. The walls of Mesopotamian cities and the frontier defences of later empires kept people in as well as out, and runaway peasants and slaves were a constant concern of ancient law codes. But the most effective fences have rarely been made of stone. The most powerful fence in history is probably land: once the land is owned by someone else, those who need it to live must accept the owner's terms. When English landlords enclosed common fields between the sixteenth and nineteenth centuries, they did not need to chain anyone to a factory. They only needed to take away the alternative.
Debt is a fence that the debtor carries with him. From the bonded labourers of ancient Mesopotamia to the sharecroppers of the post-Civil War American South to the student-loan holders of today, debt has kept people working for others long after any visible compulsion has disappeared. Law is a fence — the law of serfdom that bound a peasant to his lord's manor, the vagrancy laws that criminalised the unemployed, the pass laws of apartheid South Africa. Borders are a fence, determining, more than any other single fact about a person, how much they will earn in their lifetime. And beneath them all is fear: of the soldier, of the overseer, of hunger, of eviction, of losing a job with health insurance attached to it.
2. The feed
The second question is: what does the farm take?
The answer changes with technology. In the first states it was grain, measured into storehouses like the one Kushim kept accounts for, and labour, drafted for canals, temples and tombs. In the medieval world it was rent in kind, labour on the lord's land, and the tithe — one-tenth of the harvest owed to the Church. In the colonial era it was sugar, cotton, silver and human beings themselves. In the industrial age it was labour time, sold by the hour in exchange for wages worth less than what that labour produced. In the age of finance it is interest, fees and rent. In the age of platforms it is something stranger: our attention, our behaviour, our data, harvested and sold as a crop.
What stays constant is that the feed is always a surplus — the portion of what people produce over and above what they need to keep producing. The farm has never had an interest in taking everything, which would kill the herd. Its interest is in taking everything above subsistence, and in defining subsistence as narrowly as the herd will tolerate.
3. The shepherds
The third question is: who runs the farm?
No group of owners, however powerful, can personally supervise millions of people. They need intermediaries: people who keep the accounts, interpret the law, collect the taxes, command the soldiers, preach the sermons, manage the factories and write the software. These are the shepherds — the 1% of this book's title.
In the sixteenth century a young French lawyer named Étienne de La Boétie wrote a short and extraordinary essay, Discourse on Voluntary Servitude. He asked how one tyrant could hold down a whole nation. His answer was that the tyrant never does it alone. A handful of close associates support him; each of them commands hundreds who profit from their favour; each of those commands thousands more; and so the chain of interest and complicity runs down through society until, in La Boétie's analysis, almost as many people seem to gain from the tyranny as suffer from it. What holds the system up is not the strength of the man at the top but the self-interest of everyone in the chain beneath him.
That is the role of the shepherds. Their privileges are real and their loyalty is purchased, but their position is also precarious. They are close enough to the 99% to understand it, and close enough to the 0.01% to resent it. Many of history's great breakouts — the English Revolution, the French Revolution, the Russian Revolution, the anti-colonial movements — were led not by the poorest but by disaffected members of the managing class: lawyers, clerics, junior officers, journalists, teachers. Watching the shepherds is often the best way to tell whether the farm is stable.
4. The story
The fourth question is the most important and the most interesting: what makes the arrangement feel right?
In 1741 the Scottish philosopher David Hume put the problem with perfect clarity. "Nothing appears more surprizing to those who consider human affairs with a philosophical eye," he wrote, "than the easiness with which the many are governed by the few." The many, after all, are stronger. So why do they obey? Hume's answer was that "as Force is always on the side of the governed, the governors have nothing to support them but opinion." Every regime, he argued, even the most brutal military despotism, ultimately rests on what people believe.
That is why every farm has a story. The cheapest fence of all is the one people build in their own heads.
The stories change, but they have a family resemblance. In Mesopotamia and Egypt, the king ruled because the gods had chosen him, or because he was himself divine, and the harvest belonged to the temple because the land belonged to the god. In Plato's Republic, written in Athens in the fourth century BCE, Socrates proposes that the citizens of his ideal city be told a myth: that the gods had mixed gold into the souls of those fit to rule, silver into those fit to be their auxiliaries, and iron and bronze into the farmers and craftsmen. Plato had Socrates call it a "noble lie", and admitted it would be hard to make the first generation believe it — but hoped their children might. It is the 0.01 / 1 / 99 structure, written down in philosophy two and a half thousand years ago, along with an open admission that it needed to be sold.
In medieval Europe the story was that society was divided by God into three orders — those who pray, those who fight and those who work — each with its proper place, the first two protecting the souls and bodies of the third in exchange for its labour. The historian Georges Duby traced how bishops such as Adalbero of Laon, in the early eleventh century, articulated this scheme just as the new class of knights was tightening its grip on the peasantry. In the age of empire the story was civilisation, Christianity and race: the colonised needed to be led, improved, saved. In the industrial age it was the free market and the "free" labourer, who had chosen his wage. And in our own age the most powerful story is merit: the belief that those at the top earned their place by talent and effort, and that those at the bottom, by implication, did not.
I will argue in Chapter 12 that meritocracy plays exactly the role that divine right once played. It does not deny inequality. It justifies it, and it persuades those at the bottom to blame themselves.
5. The breakout
The fifth question is the one that keeps this book from being a counsel of despair: when and how did the 99% push back, and how did the farm adapt?
Because they did push back, constantly. The earliest recorded social reforms in history, from the Sumerian city of Lagash around 2400 BCE, include the cancellation of debts and the release of debt-bound people — the word used in such decrees, amargi, has been translated as "freedom" and literally as "return to the mother". Babylonian kings regularly proclaimed "clean slates" that wiped out agrarian debts, partly from piety and partly because a ruler whose farmers had all become bonded to private creditors would soon have no free peasants left to tax or conscript. Spartacus led tens of thousands of escaped slaves through the Italian countryside in 73–71 BCE. In 1381 the English rebels marched on London repeating the preacher John Ball's question: "When Adam delved and Eve span, who was then the gentleman?" In 1525 German peasants rose in their hundreds of thousands. Enslaved Haitians overthrew the most profitable colony on earth. Factory workers won the ten-hour day, then the eight-hour day, then the weekend. Colonised peoples took back their countries. Women won the vote.
What makes the history of breakouts so instructive is not that they always failed. Many of them succeeded, at least partly. It is that the farm proved so adaptable. When slavery was abolished, debt peonage and sharecropping took its place. When feudal dues were swept away, rent and wages took theirs. When the post-war welfare states compressed incomes in the 1950s and 1960s, the following decades saw a steady reversal. The fence moves; the feed changes form; the story is rewritten; but the flow resumes.
La Boétie, who understood this better than most, ended his essay with a line that every chapter of this book will return to in some form. In Harry Kurz's English translation: "Resolve to serve no more, and you are at once freed." It is an exhilarating sentence and also an incomplete one, because the history of the farm is in large part the history of how difficult that resolution is to make collectively, and how quickly the arrangement reassembles itself when it is made.
Four objections
Any argument this broad invites objections, and some of them are strong. It is better to face them at the start.
"But life is much better now." It is, for most people, in ways that would have seemed miraculous to anyone who lived before 1800. Global life expectancy has more than doubled since then. The share of humanity living in extreme poverty, as measured by the World Bank, fell dramatically over the late twentieth and early twenty-first centuries. Literacy is close to universal in most of the world. This book does not claim that the 99% have been growing poorer for five thousand years. It makes a different claim: that the share of what humanity produces flowing to a tiny minority has remained high across very different economies, and that most of the improvements in ordinary lives came either from technological change the elite did not control or from breakouts the elite resisted. Clean water, public schooling, the vote, the weekend, the pension and the abolition of child labour were not gifts. They were concessions. And the fact that a modern farm animal is healthier than a medieval one does not tell you who owns the farm.
"The 99% is too varied to be a single category." True, and I will try never to forget it. A Silicon Valley engineer and a migrant farm worker in California are both "the 99%", and the engineer may well be closer in outlook to the 0.01% than to the farm worker. Gender, race, caste and nationality have created fences within the farm, and the owners have often been happy to let one group of the herd police another. Part of what keeps the farm stable is precisely that the 99% does not experience itself as one group. That fragmentation is not a flaw in the argument; it is one of the mechanisms the argument describes.
"Complex societies need hierarchy." Probably so. Large-scale cooperation requires coordination, and coordination requires some people to make decisions others follow. But the question is not whether there must be managers. It is whether management must come bundled with ownership of the surplus, and how large that surplus must be. Hierarchies vary enormously in how much they extract. The post-war Nordic democracies and the antebellum cotton South were both complex societies; they were not equally exploitative. The Milanovic–Lindert–Williamson extraction ratio exists precisely because the gap between the necessary and the actual is measurable.
"Isn't this just a left-wing argument?" Some of my sources are on the left. Others — Adam Smith, David Hume, Mancur Olson — are hard to place there. The observation that power and property tend to reinforce each other is not the property of any political tradition, and the solutions people have proposed to it range from cooperative socialism to radical free-market anti-monopolism to libertarian suspicion of the state. This book is mostly about diagnosis. In the final chapter I will look at which remedies have actually worked in history, and readers of any political stripe are welcome to draw their own conclusions.
How to read this book
The chapters that follow move roughly forward in time, but they are not a complete history of the world. They are a series of visits to the farm in its different seasons, chosen because each one shows a new version of the fence, the feed, the shepherds and the story — or a breakout that forced the farm to change.
Chapter 2 returns to Sumer and Egypt, to the storehouse and the ledger, and shows how grain, writing and debt became the first instruments of large-scale control — and how pyramids were not only tombs but labour regimes. Chapter 3 examines the invention of legitimacy in the Bronze Age empires, from Hammurabi's law code to divine kingship, and meets the first professional class of shepherds: the priesthoods. Chapter 4 visits Athens and Rome, where democracy and citizenship were invented for a few and built on the slavery of many, and follows the Gracchi brothers, who tried to give land back to the Roman poor and were killed for it.
Chapter 5 enters medieval Europe, where the three orders, the manor and the tithe bound the peasantry, and where the revolts of 1381 and 1525 showed the farm both how fragile and how resilient it could be. Chapter 6 travels east, to the mandarin bureaucracy of imperial China, the caste order of South Asia and the land-tax regimes of the Islamic world, to show how very different stories could produce strikingly similar farms. Chapter 7 returns to England for the enclosures and to Scotland for the Clearances — the moment when land was turned into private property and a landless workforce was created to serve the coming industrial age.
Chapter 8 follows the farm across the Atlantic, to the sugar and cotton plantations and the joint-stock companies that financed them, where the farm metaphor stops being a metaphor and human beings were literally bought, sold and bred. Chapter 9 enters the factory, the company town and the Gilded Age, and the long struggle over the length of the working day. Chapter 10 examines the ledger in its modern form — central banks, national debt, mortgages, consumer credit and student loans — and asks who was rescued in 2008, and who was not.
Chapter 11 looks at the remarkable period between roughly 1945 and 1975, when in much of the rich world the gap between top and bottom narrowed sharply, and asks why the elite conceded — and why the concessions were rolled back from the late 1970s onwards. Chapter 12 turns to the invisible fence of media, education and the story of merit. Chapter 13 visits the newest field of the farm, the digital economy, where attention is a crop, gig workers are managed by algorithms, and a new generation of fortunes has been built faster than any in history. Chapter 14 asks what history actually teaches about breaking out: what shifted the ratio, what did not, and what remains open.
A few principles have guided the writing. Every substantial claim rests on named events, documents or scholarship, listed at the end of each chapter. Where historians disagree — and they often do, especially about numbers in the distant past — I say so rather than pick the most dramatic figure. Quotations are real and attributed. And the people who appear in these pages, at every level of the farm, are treated as people: not as heroes or villains, but as human beings acting within a structure most of them did not design and few of them fully saw.
One last request of the reader. As you go through the chapters, try asking the five questions about your own life. What is your fence? What is your feed? Who are your shepherds, and are you one of them? What story makes your own position feel natural? And what would breaking out look like? The answers may be uncomfortable. They are also the only reason to read history at all.
Back to the storehouse
Return for a moment to that tablet from Uruk, the 29,086 measures of barley and the name — or title — of Kushim pressed beside them.
We do not know what Kushim thought about his work. Perhaps he believed that the barley belonged to the god of the temple, and that by recording it faithfully he was performing a sacred duty. Perhaps he simply needed the rations that came with the job. Either way, he stood at the exact point where the farm was being invented: between the people who grew the grain and the institution that stored it, holding the record that made the transfer permanent.
In the next chapter we go back to Uruk and to the Nile valley, to the very first harvest of the Human Farm. We will see how the storage of grain created the first owners, how writing created the first shepherds, how debt created the first fences — and how, almost as soon as there were debts, there were rulers who found it necessary to cancel them.
Sources and disputed points for this chapter
Sources
Primary documents and classic texts
- Adalbero of Laon, Carmen ad Rotbertum regem (c. 1027–1031) — the "three orders" scheme; discussed in Duby (below).
- Hume, David. "Of the First Principles of Government." In Essays, Moral and Political (1741).
- La Boétie, Étienne de. Discours de la servitude volontaire (written c. 1552–1553). English translation by Harry Kurz, The Politics of Obedience: The Discourse of Voluntary Servitude (1942; reissued by the Mises Institute and others).
- Orwell, George. Animal Farm (London: Secker & Warburg, 1945).
- Plato. Republic, Book III, 414b–415d (the myth of the metals / "noble lie").
- Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Book I, ch. 10 (on combinations of traders) and Book V, ch. 1, part 2 (on property and civil government).
- Uruk administrative tablet bearing the sign group Ku-šim (Late Uruk period, c. 3400–3000 BCE). On the reading of "Kushim" as a personal name, title or institution, see Nissen, Damerow and Englund (below).
Data
- Chancel, Lucas, Thomas Piketty, Emmanuel Saez and Gabriel Zucman (eds.). World Inequality Report 2022. World Inequality Lab, 2021. (Global wealth shares 1995–2021; note the discrepancy between the report's summary, which assigns the 7% → 11% rise to the top 0.1%, and press coverage that assigned it to the top 0.01%.)
- Board of Governors of the Federal Reserve System. Distributional Financial Accounts (series via FRED: share of net worth held by the top 1% and by the bottom 50%, Q3 2025).
- Credit Suisse Research Institute. Global Wealth Report 2022 (the wealth estimates underlying Oxfam 2023; since 2023 published by UBS).
- Forbes. "The World's Billionaires" list, April 2025 (3,028 billionaires, combined net worth about $16.1 trillion).
- Oxfam International. Survival of the Richest: How We Must Tax the Super-Rich Now to Fight Inequality. January 2023.
- Piketty, Thomas, and Emmanuel Saez. "Income Inequality in the United States, 1913–1998." Quarterly Journal of Economics 118, no. 1 (2003).
Scholarship
- Duby, Georges. The Three Orders: Feudal Society Imagined. Trans. Arthur Goldhammer. Chicago: University of Chicago Press, 1980 (French original 1978).
- Graeber, David. Debt: The First 5,000 Years. Brooklyn: Melville House, 2011. (Mesopotamian debt cancellations and amargi.)
- Graeber, David, and David Wengrow. The Dawn of Everything: A New History of Humanity. London: Allen Lane, 2021.
- Hudson, Michael. …and forgive them their debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. Dresden: ISLET, 2018.
- Lee, Richard B. The !Kung San: Men, Women and Work in a Foraging Society. Cambridge: Cambridge University Press, 1979.
- Milanovic, Branko, Peter H. Lindert and Jeffrey G. Williamson. "Pre-Industrial Inequality." The Economic Journal 121, no. 551 (2011): 255–272.
- Nissen, Hans J., Peter Damerow and Robert K. Englund. Archaic Bookkeeping: Early Writing and Techniques of Economic Administration in the Ancient Near East. Chicago: University of Chicago Press, 1993.
- Olson, Mancur. "Dictatorship, Democracy, and Development." American Political Science Review 87, no. 3 (1993): 567–576.
- Scheidel, Walter. The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century. Princeton: Princeton University Press, 2017.
- Schmandt-Besserat, Denise. How Writing Came About. Austin: University of Texas Press, 1996.
- Scott, James C. Against the Grain: A Deep History of the Earliest States. New Haven: Yale University Press, 2017.
- Woodburn, James. "Egalitarian Societies." Man (new series) 17, no. 3 (1982): 431–451.
- Wright, Erik Olin. Class Counts: Comparative Studies in Class Analysis. Cambridge: Cambridge University Press, 1997.