PSCI150 Lecture Notes - Lecture 9: Oxfam, Regulatory Capture, Warren Buffett
11 Mar 2016
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Document Summary
The emerging world order in the age of global plutocrats. Media outlet: reflects best what your argument is, write in the same style as media outlet. Political consequences of the new global plutocrats: Using their influence to lock in privileges. Plutocracy: a society governed by the wealthy. 5 possible ways wealth converts to political influence: campaign contributions: Us 2016 election - donating money to support certain leaders, running themselves ex. 69% of funds are from trump funding himself: lobbying. Ex. wealthiest man in mexico - carlos slim: elite networks: Domestic regulatory capture and revolving doors: decision makers with similar education and a similar background leading to a similar world view. Global networks: the world economic forum : shaping broader ideas and society. Wealthy people moving assets according to best deals. Canada convincing davos, trying to make a good impression for them. If you"re wealthy, you have influence!! to invest their wealthy assets in our economy.
