By Stephen Haseler (auth.)
In The Super-Rich , Stephen Haseler describes the damaging transforming into tensions triggered during the West by means of the victorious new international capitalism. In a ebook for college students of politics, economics and sociology, and the final reader, he outlines how a brand new international super-rich caste has emerged in the course of a interval during which the conventional 'middle-class' is dealing with critical lack of confidence and source of revenue loss. He argues that this new super-rich capitalism, if no longer balanced via a renewal of the kingdom and group, won't basically smash politics and governance, yet democracy to boot, and he indicates precisely how the eu Union, and different embryonic 'regional' super-states, can strive against those excesses of globalization, and restoration a extra 'social democratic' society.
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Extra resources for The Super-Rich: The Unjust New World of Global Capitalism
Sample text
A ruling-class sensibility ± so democratically unappealing ± did produce a sense of common endeavour. Now, though, the new super-rich have little in common: they have no common religion and no common government. All that is left is millions of competing individuals with a shared ideology of individualism. Where is the money? Apart from the sheer size of the wealth of the super-rich and their changing economic behaviour, one of the most intriguing aspects of The New World 13 super-rich life is the way in which they hold their wealth.
Western governments are faced with a kind of blackmail: if capital (corporations and super-rich individuals) does not get its way in the Western economies ± if wages or the social costs to business are too high, or if skills are not appropriate ± then capital will move to more accommodating areas. As James Carville, President Clinton's feisty The Super-Rich Game 33 Cajun campaign guru, is reported as saying, `I wanted to come back as the president or the pope. ' This kind of blackmail is often public.
As James Carville, President Clinton's feisty The Super-Rich Game 33 Cajun campaign guru, is reported as saying, `I wanted to come back as the president or the pope. ' This kind of blackmail is often public. 23 More often, though, such threats are not articulated ± they do not need to be as the effect is the same. 24 Have we been here before? Some critics maintain that the new global order is nothing new. They point to an earlier `globalisation' in the 50 years before the First World War, when there were large cross-border flows of goods and massive international movements of money, trade and people ± all of which which helped rather than harmed overall living standards in the West.