Fareed Zakaria Misses the Story: Technology and Globalization Only Favor the Rich When They Are Rigged

Fareed Zakaria misses the story big-time when he tells readers that the super rich have gotten richer in the United States because, "globalization and technology help superstars." This is not inherently true, it is only true when the government rigs the deck to accomplish this result.

For example, globalization could be used to promote competition in the CEO market so that U.S. corporations take advantage of the much lower paid CEOs in Europe and Asia to save tens of millions of dollars a yea...