Friday, February 11, 2011
There is an interesting, though disturbing, article, “The Rise of the new Ruling Class and How the Global Elite is Leaving You Behind,” in the January/February issue of the Atlantic. The article is written by Christia Freeland, Global Editor-at-Large of Reuters news, according to Wikipedia, and formerly U S Managing Editor of the Financial Times. She reviews the enormous and growing discrepancy in income between the middle class and the world’s wealthiest people, pointing out that the latter are now a global elite who have much more in common with each other than with fellow citizens of their countries of origin. They have a hand on the entire rule-making-, legislative-, and financial-decision-levers of the world, and use this power to benefit their own quasii-nation first and the world as a whole second, or sometimes not at all.