A telling observation from Laura Miller’s review in Salon of David Rothkopf’s “Superclass: The Global Power Elite and the World They Are Making”:
“Taking a dinner party at the home of Chile’s finance minister, Andres Velasco, as an example, Rothkopf describes his uneasy response to the oligarchs around him. He realizes that they embrace the market-oriented philosophy of the “Chicago Boys,” Milton Friedman’s University of Chicago disciples, but only so long as the attendant suffering is limited to Chile’s lower classes. They quietly resist reforms that might nibble away at their iron control of the nation’s industries. “While many of the most powerful people in the country embrace ‘progress,'” Rothkopf observes of Chile, “they use their energy and political capital primarily on behalf of the changes that benefit them most directly. Elites in Chile have implicitly or explicitly resisted the changes that might create more competition, more entrepreneurship, more access to capital for the poor and middle classes.” As a result, though Chile is touted as Latin America’s great economic success story, profound inequities in its society have gone comparatively unchanged.”
Do I hear echoes here of Leona Helmsley’s “only little people pay taxes”.