Superclass

Superclass

The Global Power Elite and the World They Are Making

Book - 2008
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Publisher: New York : Farrar, Straus and Giroux, c2008
Edition: 1st ed
ISBN: 9780374272104
0374272107
Branch Call Number: 305.5209 Rot
Characteristics: xxii, 376 p.

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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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