Here’s one sign the global elite is starting to get worried that capitalism isn’t working for the Western middle class. At the TED Global gathering in Scotland’s elegant capital city this week, much of the spotlight was on what’s going wrong with the 21st-century economy.
As it appears in the December 2012 issue of Foreign Policy magazine.
George Soros cites Isaiah Berlin as an important intellectual influence, so it makes sense to see Soros through one of the Riga-born philosopher’s best-known lenses — the division of the world into foxes and hedgehogs. In his public life, Soros is a broad-minded fox: As a hedge fund manager, his success rested on his ability to make many different bets every day. In his philanthropy, Soros is foxy too, supporting, under the broad umbrella of “open society” dozens of causes in dozens of countries.
This piece first appeared in the Washington Post.
Watching Elena Kagan’s confirmation hearings this week, it is tempting to declare — as some have of late — that we have entered the age of women. Not just in politics but in school and in the broader economy women are doing well. Yet this female triumphalism overlooks an important exception: The areas where the real money and power reside are occupied almost exclusively by men.