You already know that the billionaires have triumphed comprehensively, amassing unprecedented wealth along with defining influence over the course of modern life. What we need to understand is how they have pulled it off—by warping the workings of democracy. Davos Man’s monopolization of the fruits of global capitalism is no accident. He has insinuated into our politics and culture what we may call the Cosmic Lie: the alluring yet demonstrably bogus idea that cutting taxes and deregulating markets will not only produce extra riches for the most affluent, but trickle the benefits down to the
...more
