Superclass

Superclass

The Global Power Elite and the World They Are Making

Book - 2009 | 1st pbk. ed.
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They number six thousand on a planet of six billion. They run our governments, our largest corporations, the powerhouses of international finance, the media, world religions, and, from the shadows, the world's most dangerous criminal and terrorist organizations. They are the global superclass, and they are shaping the history of our time. Today's superclass has achieved unprecedented levels of wealth and power. They have globalized more rapidly than any other group. But do they have more in common with one another than with their own countrymen, as nationalist critics have argued? Has their influence fed the growing economic and social inequity that divides the world? Who sets the rules for a group that operates beyond national laws? Drawn from exclusive interviews and extensive original reporting, this book draws back the curtain on a privileged society that most of us know little about, even though it profoundly affects our lives.
Publisher: New York : Farrar, Straus and Giroux, 2009.
Edition: 1st pbk. ed.
ISBN: 9780374531614
0374531617
Branch Call Number: 305.5209 ROTHKOP
Characteristics: xxviii, 376 pages ; 21 cm

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StarGladiator
Feb 24, 2013

My major problem with Rothkopf is how he soft peddles and apology for the plutocracy - - almost genuflecting before his so-called Global Superclass; a more accurate description would be "Transnational Capitalist Class." He actually mentions Peter G. Peterson's Blackstone Group (long the richest privte equity firm/leveraged buyout firm in existence) a most rare event among Wall Street-financed books spewing forth today. But does he mention their nefarious and global financial fraud? Does he mention the hedge funds naked short selling which has stolen from - - and destroyed - - numerous publicly traded small business (as in over 7,000 in the past few years)? Does he mention how hedge funds are cleverly unregulated, and that the largest hedge funds are typically owned by the largest banks? A book perhaps worth reading, but not buying. The originator of the blurbs on the back cover in praise of this book say it all: Ernesto Zedillo, who was recently requested for extradition by the Mexican government, denied by the US government; Robert Hormats, Goldman Sachs guy (presently a member of the Obama state department, appointed by Hillary Clinton); Larry Summers, one of the architects of the global economic meltdown on the anti-regulatory and anti-oversight side; and, Nancy Birdsall, presently involved in the privatization of cities in Honduras and Guatemala (how would you like that in your own state???).

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