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	<title>Pressing Towards the Goal (Phil 3:14) &#187; Macroeconomics</title>
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		<title>ETL: David Rothkopf, Author</title>
		<link>http://blog.wonghongting.com/2008/04/16/etl-david-rothkopf/</link>
		<comments>http://blog.wonghongting.com/2008/04/16/etl-david-rothkopf/#comments</comments>
		<pubDate>Wed, 16 Apr 2008 23:41:00 +0000</pubDate>
		<dc:creator>HT</dc:creator>
				<category><![CDATA[Lectures/Podcast]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[ETL]]></category>
		<category><![CDATA[Influence]]></category>
		<category><![CDATA[Macroeconomics]]></category>

		<guid isPermaLink="false">http://wongoes.wordpress.com/2008/04/16/etl-david-rothkopf/</guid>
		<description><![CDATA[Market Marketism Banks &#8211; Great 14 people Global financial non-regulation as sovereignty can&#8217;t control the situation Risks were &#8220;unknow-able&#8221;, Board doesn&#8217;t understand the risk, incapable of doing it, opaque systems of modern securities structures &#8211; we need to enforce old regulations of board controlling risks Vilfredo Pareto &#8211; the 80/20 rule, a billion people affected [...]]]></description>
			<content:encoded><![CDATA[<p><!--:en-->Market Marketism<br />
Banks &#8211; Great 14 people<br />
Global financial non-regulation as sovereignty can&#8217;t control the situation<br />
Risks were &#8220;unknow-able&#8221;, Board doesn&#8217;t understand the risk, incapable of doing it, opaque systems of modern securities structures &#8211; we need to enforce old regulations of board controlling risks<br />
<a title="Vilfredo Pareto" href="http://en.wikipedia.org/wiki/Vilfredo_Pareto" onclick="javascript:pageTracker._trackPageview('/outbound/article/en.wikipedia.org');">Vilfredo Pareto</a> &#8211; the 80/20 rule, a billion people affected by 200m people<br />
More than half of people live on $2 a day &#8211; poverty struggles<br />
Cross ownership causes concentration of power<br />
Military power concentrated &#8211; less war = good or bad?<br />
Religion concentration<br />
&#8220;As scale play a bigger role, and technology allowing for democratizing (though not always &#8211; Google, Microsoft, Facebook, MySpace)&#8221;<span class="fullpost"><br />
<strong>Consequence:</strong><br />
<strong>1. </strong>Astonishing rapid growth in inequality &#8211; absolute poverty going down, real improvements at the base, BUT middle class shrunk especially in India and China<br />
Top 11000 people (billionaires) assets are almost double of the bottom 2.5billion people put together &#8211; same as with other examples<br />
3billion salary for the Hedge Fund managers<br />
Growth no longer to be tracked by economic growth? causing political tension?<br />
Backlash &#8211; globalization causing backlash</span></p>
<p>Therefore look at Superclass:<br />
People who have influence over millions, international, on-going<br />
60% from atlantic, 60% from business<br />
Under-represented demographic &#8211; Women 94% of super is male, 6% is female<br />
20% of these superclass went to top 20 universities &#8211; networking for multipliers<br />
Ethics of leadership not trained in this class of people<br />
More Transcient, but not necessarily more of a meritocracy &#8211; instead Geography, Luck is a huge part of of this<br />
People less worthy might be more successful &#8211; other factors play a part<br />
Etc parabos but all things are not equal, hence the reason for leadership and government to put rules into place</p>
<p>Other things:<br />
Geographic location of these people (superclass) &#8211; fastest growing is Asians (Russia, India and China): 100 billionaires in China over the past few years (but bubble?)<br />
Interest of these superclass align will drive how things are done<br />
DAVOS &#8211; Have business leaders come together and talk things through so that through influence, things will be run the way people want it to<br />
Power is skewed, disproportionate, and tools like government don&#8217;t exist on the global stage anymore &#8211; much harder problem than cancer or global warming<br />
Community &#8211; now global as we can communicate and do business<br />
however difference in cultures still cause problems<br />
Inequality is unsustainable &#8211; hence all the whacky ideas like terrorism, etc.</p>
<p>1 philosophy and won&#8217;t have another until crazy people come out with new ones that may tip the balance and cause world to change in revolution style</p>
<p>DAVOS problem is that the fastest growing component is not represented (China and rest of Asia)<br />
Scandinavian better wealth distribution than US</p>
<p>Europe is a museum, not much<br />
Sweden wants to get off fossil fuels and be green<br />
Traditional markets are not really market if supply and demand are done by the same people<br />
European model maybe blended with the Singaporean or Chinese model with more government control to resurgent</p>
<p>Green tech<br />
Government policies play a big role in Germany being better in green, US likely to follow once the next President takes over<br />
Last energy bill are ridiculous as its done by random, causes wind and solar subsidies to reduce<br />
Interest tug of war, so not really best policy comes through</p>
<p>Power dynamics<br />
Constantly changing and different in each situation and influence level<br />
Manifests in different ways<br />
Roman Abromavich is a governer of a province in Siberia while he lives mostly in Chelsea<br />
Agenda setting will change with the introduction of Asians<br />
Disagreements with americans mainly due to fact that most countries do not agree with how things are run in US after Guantanomo<br />
Lots of countries in asia have different values of states, how they interact, and what kind of things these states do (e.g. Sudan)</p>
<p>Structural Change within the year &#8211; incremental change<br />
Global Financial Markets<br />
Climate change going to motivate the change of the world in green tech emphasis<br />
People rising to the challenge &#8211; big challenge is big opportunity</p>
<p>Burden sharing with US and China whether it can be resolved<br />
Survival over climate change issues</p>
<p>Political division tension and not so much social unrest may be a result of how US is run now<br />
CEO salaries and regulatory legislation</p>
<p>Compounded Advantages<!--:--><!--:zh-->
<p><strong>Market Marketism</strong><br />
Banks &#8211; Great 14 people<br />
Global financial non-regulation as sovereignty can&#8217;t control the situation<br />
Risks were &#8220;unknow-able&#8221;, Board doesn&#8217;t understand the risk, incapable of doing it, opaque systems of modern securities structures &#8211; we need to enforce old regulations of board controlling risks<br />
<a title="Vilfredo Pareto" href="http://en.wikipedia.org/wiki/Vilfredo_Pareto" onclick="javascript:pageTracker._trackPageview('/outbound/article/en.wikipedia.org');">Vilfredo Pareto</a> &#8211; the 80/20 rule, a billion people affected by 200m people<br />
More than half of people live on $2 a day &#8211; poverty struggles<br />
Cross ownership causes concentration of power<br />
Military power concentrated &#8211; less war = good or bad?<br />
Religion concentration<br />
&#8220;As scale play a bigger role, and technology allowing for democratizing (though not always &#8211; Google, Microsoft, Facebook, MySpace)&#8221;<span class="fullpost"><br />
<strong>Consequence:</strong><br />
<strong>1. </strong>Astonishing rapid growth in inequality &#8211; absolute poverty going down, real improvements at the base, BUT middle class shrunk especially in India and China<br />
Top 11000 people (billionaires) assets are almost double of the bottom 2.5billion people put together &#8211; same as with other examples<br />
3billion salary for the Hedge Fund managers<br />
Growth no longer to be tracked by economic growth? causing political tension?<br />
Backlash &#8211; globalization causing backlash</span></p>
<p>Therefore look at Superclass:<br />
People who have influence over millions, international, on-going<br />
60% from atlantic, 60% from business<br />
Under-represented demographic &#8211; Women 94% of super is male, 6% is female<br />
20% of these superclass went to top 20 universities &#8211; networking for multipliers<br />
Ethics of leadership not trained in this class of people<br />
More Transcient, but not necessarily more of a meritocracy &#8211; instead Geography, Luck is a huge part of of this<br />
People less worthy might be more successful &#8211; other factors play a part<br />
Etc parabos but all things are not equal, hence the reason for leadership and government to put rules into place</p>
<p>Other things:<br />
Geographic location of these people (superclass) &#8211; fastest growing is Asians (Russia, India and China): 100 billionaires in China over the past few years (but bubble?)<br />
Interest of these superclass align will drive how things are done<br />
DAVOS &#8211; Have business leaders come together and talk things through so that through influence, things will be run the way people want it to<br />
Power is skewed, disproportionate, and tools like government don&#8217;t exist on the global stage anymore &#8211; much harder problem than cancer or global warming<br />
Community &#8211; now global as we can communicate and do business<br />
however difference in cultures still cause problems<br />
Inequality is unsustainable &#8211; hence all the whacky ideas like terrorism, etc.</p>
<p>1 philosophy and won&#8217;t have another until crazy people come out with new ones that may tip the balance and cause world to change in revolution style</p>
<p>DAVOS problem is that the fastest growing component is not represented (China and rest of Asia)<br />
Scandinavian better wealth distribution than US</p>
<p>Europe is a museum, not much<br />
Sweden wants to get off fossil fuels and be green<br />
Traditional markets are not really market if supply and demand are done by the same people<br />
European model maybe blended with the Singaporean or Chinese model with more government control to resurgent</p>
<p>Green tech<br />
Government policies play a big role in Germany being better in green, US likely to follow once the next President takes over<br />
Last energy bill are ridiculous as its done by random, causes wind and solar subsidies to reduce<br />
Interest tug of war, so not really best policy comes through</p>
<p>Power dynamics<br />
Constantly changing and different in each situation and influence level<br />
Manifests in different ways<br />
Roman Abromavich is a governer of a province in Siberia while he lives mostly in Chelsea<br />
Agenda setting will change with the introduction of Asians<br />
Disagreements with americans mainly due to fact that most countries do not agree with how things are run in US after Guantanomo<br />
Lots of countries in asia have different values of states, how they interact, and what kind of things these states do (e.g. Sudan)</p>
<p>Structural Change within the year &#8211; incremental change<br />
Global Financial Markets<br />
Climate change going to motivate the change of the world in green tech emphasis<br />
People rising to the challenge &#8211; big challenge is big opportunity</p>
<p>Burden sharing with US and China whether it can be resolved<br />
Survival over climate change issues</p>
<p>Political division tension and not so much social unrest may be a result of how US is run now<br />
CEO salaries and regulatory legislation</p>
<p>Compounded Advantages</p>
</p>
<p><!--:--></p>
]]></content:encoded>
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