Economic worries and the global elite


By Chrystia Freeland – Here’s one sign the global elite is starting to get worried that capitalism isn’t working for the Western middle class. At the TED Global gathering in Scotland’s elegant capital city this week, much of the spotlight was on what’s going wrong with the 21st-century economy.

That matters because the TED conferences are one of the obligatory stops on the itinerary of any self-regarding plutocrat.

Former Prime Minister George Papandreou of Greece is a son of privilege — both his father and grandfather were prime ministers of Greece — but, in a sign of the times, he inveighed against “plutocrats hiding their assets in tax havens” and “powerful lobbies protecting the powerful few.” His comments made an impact partly because he was so open in declaring his own shortcomings. Nor did he shy away from how angry a lot of people are about them. more> http://tinyurl.com/nbs7s3s

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