“The big challenge of this new decade will be coping with the emergence of a global plutocracy -the hyper-educated, internationally minded meritocrats who have been the chief beneficiaries of globalisation and the technological revolution……..
The rise of the plutocracy is an unexpected and still largely unnoticed consequency of the powerful political and economic changes shaping this century. These revolutions-the collapse of communism, the spread of of economic globalisation and the impact of of the internet and mass computing- were, after all, about breaking barriers. The Berlin Wall fell;trade restrictions were eased; technology made information and communication free.Older, established institutions-ranging from the music business to traditional media and Detroit carmakers found themselves outmanoeuvred and out-priced by entrepreneurs in Silicon Valley, Mumbai and Shanghai…..,,,,,,,
We live in an age of unprecedented opportunity for the smartest, most persistent and most cunning among us and incredibly today’s rags-to-riches stories are emerging not just from Harvard dorm rooms, but also from the software centres of Bangalore and the oil fields of Siberia. …………………
We live in an age of uprecedented openness -of ideas, of people, of trade . But for the middle class, these opportunities have been largely theoretical: in America social mobility has actually declined…………….”
p.s Chrystia Freeland is US’ managing editor of FT . You can find the full article in the FT (right column) but it is not free!
p.s Οι φωτογραφίες είναι άσχετες και είναι από το Abu Dhabi Art Fair 2009.
photos : Abu Dhabi Art Fair 2009