"The world's largest company, Wal-Mart Stores, has revenues
higher than the GDP of all but twenty-five of the world's
countries. Its employees outnumber the populations of almost a
hundred nations. The world's largest asset manager, a secretive New
York company called Black Rock, controls assets greater than the
national reserves of any country on the planet. A private
philanthropy, the Bill and Melinda Gates Foundation, spends as much
worldwide on health care as the World Health Organization. "
The rise of private power may be the most important and least
understood trend of our time. David Rothkopf provides a fresh,
timely look at how we have reached a point where thousands of
companies have greater power than all but a handful of states.
Beginning with the story of an inquisitive Swedish goat wandering
off from his master and inadvertently triggering the birth of the
oldest company still in existence, "Power, Inc." follows the rise
and fall of kings and empires, the making of great fortunes, and
the chaos of bloody revolutions. A fast-paced tale in which
champions of liberty are revealed to be paid pamphleteers of
moneyed interests and greedy scoundrels trigger changes that lift
billions from deprivation, "Power, Inc." traces the bruising
jockeying for influence right up to today's financial crises,
growing inequality, broken international system, and battles over
the proper role of government and markets.
Rothkopf argues that these recent developments, coupled with the
rise of powers like China and India, may not lead to the triumph of
American capitalism that was celebrated just a few years ago.
Instead, he considers an unexpected scenario, a contest among
competing capitalisms offering different visions for how the world
should work, a global ideological struggle in which European and
Asian models may have advantages. An important look at the power
struggle that is defining our times, "Power, Inc." also offers
critical insights into how to navigate the tumultuous years
ahead.
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