The world’s largest company, WalMart Stores, has revenues higher than the gross domestic product of all but 25 of the world’s countries. Its employees outnumber the populations of almost one hundred nations. The world’s largest asset manager, a New York company called BlackRock, controls assets greater than the national reserves of any country on the planet. A private philanthropy, the 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. Power, Inc. 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 fastpaced tale in which champions of liberty are revealed to be paid pamphleteers of moneyed interests and greedy scoundrels trigger changes that have lifted 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 important advantages. An important look at the power struggle that is defining our times, Power, Inc. also offers critical insights into how to succeed in the years ahead.
“Rothkopf employs a brilliant use of history to identify the channels that could, in the end, lead to a better way forward.” (Carol Graham, author of The Pursuit of Happiness: An Economy of WellBeing)
“David Rothkopf is a deep thinker and a fine writer. We now know he is also an astute and creative historian.” (Alan S. Blinder, former vice chairman of the US Federal Reserve, Gordon S. Rentschler Memorial professor of economics and public affairs, Princeton University)
“David Rothkopf vividly describes the parallel rise of the modern nationstate and the modern corporation.” (Daniel Yergin, author of The Quest: Energy, Security, and the Remaking of the Modern World)
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Power is Over-rated
Too much history; a little boring
To have let the reader now that (at least the first part of the book) is going far far back in history, describing powers of church and kings, etc. I was expecting to hear more about todays corporate powers (which might come later in the book, but I found to so lengthy that I never get there).
Paul Krugman: End This Depression Now
It's probably really interesting for history lovers.