How Elite Financial Networks Rule the World

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The identities of the world’s most powerful people, and the corporations and institutions they run, are well known. What’s poorly understood is a key driving force behind elites’ power: their ability to build, and capitalize on, relationships. That’s the hypothesis of $uperhubs: How the Financial Elite and Their Networks Rule the World, by Sandra Navidi. She calls people with the most connections and influence “superhubs,” and explains how these individuals build global financial power networks with themselves at the center.

These “superhubs” increase their power through a multi-dimensional process that encompasses financial, political, corporate— as well as philanthropic and cultural— networks. They share in common an elite education, as well as intelligence and industriousness. But their competitive advantage, and the one they leverage for power, is their ability to build relationships. Elite networks have vulnerabilities, however: they tend to disable corrective mechanisms like regulatory reform, and their self-serving insularity helps sow the seeds of populist rebellions against them.

💬 Comments
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In Russia, they call it the global mafia.

Author — roadworrier11

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A financial network connects to a political network that connects to a corporate network, and then even a philanthropic and even cultural network - and what you get is a very strong entrenched power and amplified power.

Author — David Esposito

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These were conspiracy theories and laughed at not 15 years ago. But now it's really evident!!

Author — Morteza Motahari

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It's not what you know, it's who you know.

Author — Daniel Botwood

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I recomend learning about “the history of debt: first 5000 years” it goes well with this I feel.

Author — David Esposito

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This is important in so many dimensions. Brilliant!

Author — Lars Jørgensen

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I see how these types network and it has nothing to do with 'emotional intelligence'. It has everything to do with being willing to turn a blind eye to blatant acts of criminality. And that is that.

Author — Concerned One

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Thanks for this. While I've studied macro economics on a theoretical level I'd never given much thought to the people and corporate interests running the show except to become annoyed with the changes I see being enacted.

Author — Lee Alexander

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One good way of predicting human nature: “no one leaves advantage on the table”

Author — David Esposito

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I’ve been binge watching hedge fund owner videos and I’m speechless on how tight and small that circle is and how quick that small circle will fuck you over if you aren’t part of their squad. Also I think it’s funny that a reoccurring topic is being a “good” person. Because they are projecting to themselves that they feel like they’re shitty people but at the end of their day they don’t care because they have a money only people could dream of

Author — prod. vulgar

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What a great human she is for being able to put this all together!

Author — Energy Orbiters

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You just need a few elites to be actively involved in such a network together with a few zealot intellectuals, politicians and lawyers pushing such a network for personal gain, for such a network to effectively work while the very large majority of such elites remain passive or unconcerned.

Author — Re Er

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Thank you, Sandra for your great work! In the End, from the beginning, in the middle, forevermore, when it comes to all human constructs, it always comes back to people. Our story is human and true love for our human family and the application of science and as yet, unimagined economic solutions are the road to a global prosperity and productivity. Those who see the patterns and connect the dots are the ones we need to lead the way.

Author — Keys Emerson

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This was brilliant, this is like a perfect description of the fundamental forces of the social world... I will buy this book

Author — magnum opus

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In short, greed becomes so high that it collapses on themselves. (More greed leads to more sins, more sins lead to death)

Author — Avishek Roy

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Hidden in plain sight yet people don’t believe it

Author — neptuneblissfish

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Yes! "Disproportionant influence on the public.". For instance, some Wall Street dude decides that he can sell mortgages for a substantial profit to a corporation, he is being extremely presumptuous with regard to the mortgagee...the borrower. If I enter a financial contract with a lender, if he sells my contract to a third party with whom I did not sign a contract, then my loan should be declared paid by the third party or my banker. Because he did not fulfill the agreement I agreed to. I signed with one lender and very specific terms including who the title holder is at the time of the contract. You see, lawyers and financial wizards think that they can manipulate whatever outcome they want. So...sell my contract means you have forgiven my debt, as far as I'm concerned.

Author — julialeite63

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their end goal would be to create an eco-system where these networks can just create capital by interacting amongst themselves while handing out leftovers (handouts, free meds, high interest credit) to the rest of us so that we keep quite & serve as willing captive labor. In effect a planet within a planet.

Author — Cliff Sousa

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the elite are state inside the state. this happens when the elite network split to several networks

Author — ali ali

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Good to see a Bourdieusian analysis of power applied to the social networks of finance.

Author — John Robinson