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

Superclass: The Global Power Elite and the World They Are Making | David Rothkopf | Superclass is Super

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Superclass: The Gl...

	Superclass: The Global Power Elite and the World They Are Making David Rothkopf Farrar, Straus and Giroux, 2008 - 400 pages average customer review:based on 26 reviews view larger image
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Does Not Name Names or Illustrate Networks

I grew up in the 1970's studying multinational corporations and inter-locking directorates, reading Richard Barnett's Global Reach, and so on. I am also familiar with the $60,000 a year special database that charts the top dogs and every membership, association, investment, etc.

The two major deficiencies in this book that left me disappointed are:

1. Does not name names nor show network diagrams such as you can pull from Silobreaker.com (Factiva is not even close).

2. Shows no appreciation for past research and findings. This is a current overview, closer to journalism than to authorship or research.

The book earns four stars instead of three for two reasons:

1. There is a very subtle but crystal-clear sense of goodness, ethics, and "good intention" or "right thinking" by the author. As diplomatic as he might be, he clearly sees the insanity of Exxon refusing to think about anything other than maximizing petroleum while externalizing $12 in costs for every $3.50 gallon that they sell--they did NOT "earn" $40 billion in profit this past year--they essentially stole it from the population at large and future generations).

2. Each chapter has a serious point or series of points, and I especially liked the author's constant presentation of tangible numbers on virtually every page.

Having said all that, I will list two books below that I found more interesting than this one, and then list a few notes that made it to my flyleafs.

Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich
All the Money in the World: How the Forbes 400 Make--and Spend--Their Fortunes

Notes from the book:

6,000 top people (in total of 6 billion, I think that's .0001--the author, who's no doubt better at math, says each is 1 in a million)

Top 1,000 rich own as much or earn as much as the bottom 2.5 billion poor.

Early on he says he decided not to do a list because it changes. I believe him, but I was truly disappointed to not find a lot of meat in this book--it has facts, anecdotes, a story line, but one does not get the "feeling in the fingertips" or the raw feel.

Early on he reviews and dismisses conspiracy theories, and returns to this in the final chapter where he reviews the Masons, Bohemian Grove, Skull and Bones, all in a cursory manner (for example, there is no table, a single page would do, of top Skull and Bones power figures today).

Power is shifting away from Nations. This is true. The author focuses on those who have money and live globally. He is not focusing on those who control their own spending, global assemblages. For that see
Blessed Unrest: How the Largest Movement in the World Came into Being and Why No One Saw It Coming
No Logo: No Space, No Choice, No Jobs
Global Assemblages: Technology, Politics, and Ethics as Anthropological Problems

Human interactions are the glue connects the superclass members--corridor meetings that take place on the periphery of "big events" where the important stuff is not the event, but the encounters--Davos, World Cup, Grand Prix, Allen & Co, Geneva Auto Show, Winter Olympics, the Chinese meeting on Hainan Island (the Boao Forum).

Corporate/Finance the top of the barrel, 2000 top organizations control $103 trillion in assets, do $27 trillion in annual sales.

Access/time is the most precious asset, one reason the Gulf Stream is really a solid indicator of top of the top--it provides time saved, mobility, flexibility, privacy, security, work en route, sleep well, etc.

The author tells us he is focusing on influence, not just wealth or accomplishments, but very candidly, while the book is coherent and there is nothing wrong with its facts or sequence of observations, one simply does not come away with a clear picture. This is like a verbal description of a trip around the world, which it is, but without the photos, smells, tastes, etc. It also avoids any substantive (as opposed to discreetly moral "in passing" commentary) attention to costs and consequences--a balance sheet showing choices being made (e.g. by Exxon) and who benefits, who loses, would no doubt terminate this author's welcome on the fringes of the super-elite as it would be devastatingly negative.

20-50 people control any given sector, worldwide

In the book the author seeks to discuss six central issues:

1. Nature of the superclass power

2. Link if any (ha ha) between concentrated wealth and the five billion at the bottom of the pyramid

3. Whether the superclass calls into question the sufficiency of our global legal and governance institutions

4. Whether the division in interests between the rich and the poor will be the central conflict of our time

5. Would we choose this superclass?

6. How is the superclass evolving

General conclusions:

Markets not working fully, need some non-market "controlling authority"

Elites are not taking responsibility for the poor in their own countries

Meritocracy is no longer--same merit, one becomes a billionaire from connections, the other a mere millionaire

Private equity is where its at in terms of starting salaries in the $300,000 range.

Globalists versus nationalist

Anti-globalists include leaders of Iran, Russia, and Venezuela

Tottering institutions--International Monetary Fund may not be funded by countries much longer

Global military-to-military relations work, political-diplomatic do not, and the money is mis-spent (billions here and there, and no money for spare parts to keep air forces flying, much cheaper good will spending)

Criminal elite a part of this (read Moises Naim's book Illicit: How Smugglers, Traffickers, and Copycats are Hijacking the Global Economy

USA has a power vacuum in that both the President and Congress have taken power that is not theirs and abused it, but the US voter has ceded power by failing to understand and deliberate on the issues.

He surprises me by bing familiar with General Smedley Butler's book, War is a Racket: The Antiwar Classic by America's Most Decorated Soldier

Two coolest sentences in the book for me:

"Most dangerous mind-altering substance on earth is oil."

"Cost is simply not caring." (Corporations that enrich dictators while ignoring the billions whose commonwealth is being stolen). For more on this evil and how the USA supports 42 of 44 dictators, see Breaking the Real Axis of Evil: How to Oust the World's Last Dictators by 2025

There is nothing in this book, published in 2008, on Sovereign Wealth Funds, nor does the author focus on dictators and "royalty" as part of the superclass. As Lawrence Lessig has noted, end corruption, end scarcity, begin a true harvesting of the common wealth for the common good. Right now we are all where "Animal Farm" put us--fodder for the wealthy.

The publisher's choice of ink colors for the jacket flaps and rear cover is terrible, those portions of the book are difficult to read.

The book is over-sold: "draws back the curtain on a privileged society." Not really. This is a solid book of facts that is as close to bland and generic and inoffensive as one can get--but then, that was probably the author's intent since he wants to be able to see these people again.....

See also
The Global Class War: How America's Bipartisan Elite Lost Our Future - and What It Will Take to Win It Back

For a direct opposite of this book, seek out books on Collective Intelligence, Wisdom Councils, World Cafe, Social Entrepreneurship, All Rise, Power Governments Cannot Suppress, and so on. We live in interesting times.

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Superclass is Super

I bought Superclass thinking that it was primarily a book about the rich and about inequality. But what really struck me is that it is a book about globalization. It gives a perspective on a group that is not only leading globalization but they are also globalizing more rapidly than any other. They are the key players...but in ways they are also the test case, the petri dish. To me the book's real contribution is in seeing how they connect, how power is changing in an era in which countries and political leaders seem less important. The book is lively and the stories are extremely interesting but at no time do we lose sight of the bigger issues. It is a great complement to books like Thomas Friedman's "The World is Flat", different insights into one of the real big stories of our time. I recommend it to anyone who shares my interests in these issues.

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Superclass

In the middle of this presidential election year, there is no more timely read than Superclass. Clinton, McCain and Obama may talk about the powers-that-be, David Rothkopf tells you who they are, how they think and how they work on all strata - financial, military, political etc., often intersecting. The book is not only thoroughly researched, it's a fun read, with real moments of levity and extraordinary insight. I came away knowing a good deal more about how power in our world works. This is a must for any informed citizen.

The Anatomy of Davos Man

I was drawn to this book by the lavish endorsements on its back cover. If eminent persons such as a former head of state, a top government official, a senior business leader, a Nobel-prize winner in economics, and the head of an influential think-tank in Washington could extend such praise to a book that is basically a book about themselves, then I needed no further proof that the book was relevant to the topic it was addressing.

But reading David Rothkopf' Superclass was, in the end, a disappointment, and the book fell short of my expectations. To be sure, the author is well connected, he has done some research on the who's who in international affairs, and he writes in an engaging, easy-to-read style. But he does not strike the right balance between critical distance and adherence to his subject-matter, and he remains either too close or too disengaged from the world that he is describing.

Rothkopf has neither the broad perspective of an academic who puts his subject into context and adopts critical lenses to assess its social and political implications, nor the narrow focus of a practitioner who would draw practical lessons from his analysis to address pressing global problems. Neither insider nor outsider, he is more like the devoted fan who came to the party to see the celebrities and who is happy with rubbing shoulders and exchanging a few words with famous people.

The author quotes many interviews that he had with members of the global power elite. These interviews add a cachet of exclusivity to the book and prove that the author has had access to a wide array of powerful people (it is not clear whether the interviews were made in the process of researching the book or as news articles published in the several magazines that the author edited.) But these quotations, reproduced in oral style and narrowly framed by the author's questions, are often dumbed down versions of what the same people have stated more eloquently in books, articles, or lectures.

The book, which quotes many sources, could also have benefited from more references to scholarly debates. The academic studies that are mentioned, such as research on the increase in top income concentration and wealth inequalities, are presented in a very concise manner and some important contributions, such as recent research on CEO compensation, are not mentioned at all. A little bit of editing could also have eliminated some egregious mistakes and overstatements: who would believe, for instance, that the so-called Ten Commandments for Drivers promulgated in 2007 by the Vatican have the effect of law on the daily lives of more than one billion Catholics in the world, as is alleged on p. 41?

Perhaps the biggest revelation in the book is that there is no big secret, no hidden conspiracy or world-wide shadow organization running the show. As Rothkopf concludes, "the individuals who take part in these institutions and who participate in certain elite events, clubs and conferences and casual dinners, probably do not have secret designs for world domination, but most likely do have common interests." They are agenda-setters, not conspirators, and power remains elusive. The most amusing quote I found was the remark of a disgruntled Davos participant who, like the teenager complaining that the really cool party must be someplace else, noted: "you always feel like you are in the wrong place in Davos, like there is some better meeting going on elsewhere in one of the hotels that you really ought to be at. Like the real Davos is happening in secret somewhere."

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reviews: 1, 2, 3, 4, page 5, 6

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