Superclass: The Global Power Elite and the World They Are Making

Superclass: The Global Power Elite and the World They Are Making
by David Rothkopf

Superclass: The Global Power Elite and the World They Are Making
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Book Summary Information

Author: David Rothkopf
Edition: Hardcover
Published: 2008-03-18
ISBN: 0374272107
Number of pages: 400
Publisher: Farrar, Straus and Giroux

Book Reviews of Superclass: The Global Power Elite and the World They Are Making

Book Review: Embarrassing
Summary: 1 Stars

David Rothkopf, an ex-director of Kissinger Associates, has written a revealing book. He notes that a tiny group of about 6,000 people has vastly more power than any other group on the planet, and that the richest 1,000 have more than twice the wealth of the poorest 2.5 billion.

This class comprises mostly top businessmen, mainly from the USA and the EU. Concentration of capital leads to fewer and richer CEOs. Giant firms, banks and private equity companies are this class's base. It advances its interests through self-regulation, liberalised markets, privatisation, and the free movement of capital, labour and services. Increasingly, private firms now decide what public, elected bodies used to decide.

This class pretends to help solve AIDS and Africa's poverty by throwing money at the problems - but who does the work of doctoring and nursing, of planting and harvesting? Not Bill Gates or George Soros!

What drives this accumulation of wealth at one pole and of poverty at the other? Could there be some connection? Rothkopf never thinks to ask where all this wealth comes from.

He notes that some `defend elites for their role in globalization, believing that by globalizing they will ultimately help create a more equitable system'. But this globalising has created this hugely unjust system. How could it turn into its opposite and create a fairer society?

He argues, of course, against national sovereignty, and praises all capital's favoured bodies - the EU, the IMF, the World Bank, etc. But far from analysing what is happening and why, Rothkopf tells us little stories about his brief chats with the rich and famous. His favourite meeting is the annual World Economic Forum at Davos, where he can fawn on the godlike figures of Merkel, Sarkozy, Brown and Straw.

This is an embarrassing book, like a long Hello! Magazine without the pictures. Preparing it doubtless extended Mr Rothkopf's social network, but it reveals little of the class he dotes on, while showing all too clearly that he has the mind and morals of a groupie.

Summary of Superclass: The Global Power Elite and the World They Are Making

Each of them is one in a million. 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? They control globalization more than anyone else. But has their influence fed the growing economic and social inequity that divides the world? What happens behind closeddoor meetings in Davos or aboard corporate jets at 41,000 feet? Conspiracy or collaboration? Deal-making or idle self-indulgence? What does the rise of Asia and Latin America mean for the conventional wisdom that shapes our destinies? Who sets the rules for a group that operates beyond national laws?
Drawn from scores of exclusive interviews and extensive original reporting, Superclass answers all of these questions and more. It draws back the curtain on a privileged society that most of us know little about, even though it profoundly affects our everyday lives. It is the first in-depth examination of the connections between the global communities of leaders who are at the helm of every major enterprise on the planet and control its greatest wealth. And it is an unprecedented examination of the trends within the superclass, which are likely to alter our politics, our institutions, and the shape of the world in which we live.

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