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In 2000 No Logo described a vision of rapacious corporations building brands at the expense of impoverished third world employees and ripped-off first world consumers. Now, only eight years later, No Logo looks almost optimistic against the rise of a new and insidious club of global billionaires who are buying up once unfashionable industries like oil, steel, shipping and mining from distressed third-world nations and formerly Communist powers. Often backed by mafia money or dubious political connections, these oligarchs have no shareholders and no home nation - they are the sum total of their corporations.
We are dependent on these men - they fuelled our recent boom. They come to us for our light taxation and our willingness to sell them class and influence via an Eton education for their kids and cheaply bought honours. These men are becoming ever richer as the rest of the world suffers credit crunch and recession. They deal in the commodities that the planet's economies need but which are becoming ever more scarce. There are no national governments that can control or legislate against them - they will simply move to another of their five or six palatial homes.Softcover , in as-good-as-new unread condition