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Article: Billion dollar babies; The global ruling class.(Superclass: The Global Power Elite and the World They Are Making)(Book review)
- Article from:
- The Economist (US)
- Article date:
- April 26, 2008
CopyrightCOPYRIGHT 2008 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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John Paulson, power personified
WHO rules the world? The most familiar answers to this question are so poisoned by paranoia that it is tempting to dismiss the question itself. If the Jews are so powerful, then why have they had such a dreadful time of things? If the men and women of Davos are so mighty, then why do they keep messing everything up?
Yet the fact that so many people give foolish answers to a question does not discredit the question. The rise of nation states produced national ruling classes. It would be odd if the current integration of the world economy did not produce new global elites--business people and financiers who run global ...