The Call Up

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April 30, 2012 9:02 am

During the past thirty years, he says, we’ve adopted the view that politics and markets were actually allied: freedom in one realm meant freedom in the other. The result of this idea, along with the increasing influence of business within both political parties, was a series of policies that deregulated national currencies and banking systems and enabled the globalized economy of the Superclass.

Meanwhile, the overwhelming majority of people still live in specific places and depend on local and national governments for social benefits, beginning with items as basic as stable currencies. Globalization, in its present form, strengthens a cadre of very large businesses that Rothkopf calls “supercitizens,” and diminishes government, which is becoming, in his nice phrase, “too small to succeed.” The result is that “there has been a decoupling of the interests of supercitizens and those of the ordinary people around them, between those who represent the views of people who must necessarily live within borders and those for whom borders no longer have meaning, between those who require jobs and capital flows and those who view people, villages, cities, and states as economic options, part of a constantly changing calculus in which efficiencies and profits rule.”


Thomas Friedman already wrote this book ten years ago, but it rings more true today.