The hub of a wheel. One might even call it super. Credit: neilfein / Flickr Creative Commons
There are over seven billion people in the world. But when it comes to the global financial system, there are only a few people who get to make the decisions that affect those seven billion. Sandra Navidi calls these people “superhubs.” Navidi is the author ofThree Takeaways: , and she tells us how these global titans shape reality - and why they’re increasingly worried by it.
- Who are these superhubs? Mostly people you’d expect: world leaders like Donald Trump, bank presidents like Jamie Dimon, and regulators like Fed Chair Janet Yellen. They’re people who greatly affect large financial networks.
- Superhubs are so immensely powerful that they’ve managed to destroy the regulations keeping them in check. According to Navidi, “That’s why we’re in the state we’re in right now.”
- If there’s one thing that the elites are worried about, it’s the political polarization we’re seeing everywhere. The masses are getting angry, and Navidi says that has the superhubs worried.
- about the insular world the super-rich inhabit.
- that the “world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population.”
- if Davos is part of the problem.