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The Interests of the Global Elites Are Diverging

We are entering a period of profound political disunity as the interests of various Elites that were recently convergent are now diverging.

I have no “proof” of this conjecture, but there is increasingly abundant evidence that the interests of various global Elites are diverging. Like many other observers, I have tended to lump Power Elites into one class of convergent if not identical interests. But reality is looking more complicated now as the global financial system that has enabled and enriched all the various global Power Elites has fractured. As a result, convergence has reversed into divergence.

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There are few neat delineations in this divergence, but we can draw some preliminary, speculative conclusions from the fracturing that is underway. Up through 2009 or so, the global Power Elites shared the common goal of reinflating the financial system with low interest rates, massive Central State stimulus, the purchase of depreciating private assets by Central Banks and abundant liquidity provided by the loyal apparatchiks in the Central Banks.


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