Wednesday, October 17, 2007

Global paradigm shift By Arnaud de Borchgrave

So far, watching the presidential predebate debates, no one has suggested how he/she wants the world to look like 15 to 20 years on the high road to the future. No one seems to have noticed, let alone mentioned, a new global paradigm: the newfound importance of rivers of capital that have displaced the flow of goods for measuring national wealth.

Also new actors on the global stage that defy accountability. There are some 3,000 hedge funds, sans code of conduct, with $1.7 trillion under management, which is expected to double in five years.

Global paradigm shift ...

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