This somewhat lengthy but interesting article from The Atlantic raises the question:
The Rise of the New Global Elite
Quote:
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In a recent internal debate, he said, one of his senior colleagues had argued that the hollowing-out of the American middle class didn’t really matter. “His point was that if the transformation of the world economy lifts four people in China and India out of poverty and into the middle class, and meanwhile means one American drops out of the middle class, that’s not such a bad trade,” the CEO recalled.
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So, in an era where the US share of global GDP is a mere 24% and dipping all the time, is national loyalty an outmoded concept for the country's business (and hence, to an increasing extent, the political) elites?
And if so, what are the social and economic consequences of such a shift?
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