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Shadow Elite: How the World's New Power Brokers Undermine Democracy, Government, and the Free Market by Janine Wedel

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CHAPTER SEVEN

Accountability in the Age of Flex Nets

THE NEW SYSTEM OF POWER AND INFLUENCE AND THE PLAYERS who thrive in it have transformed our world. The consequences are well illustrated by the global economic meltdown that became incontrovertible in the fall of 2008. At the root of the crisis and the heart of the new system is a decline in loyalty to institutions. This decline is reflected in the proliferation of players who swoop in and out of the organizations with which they are affiliated—who operate in them, but are not of them—and create “coincidences of interest” that serve their own goals at the expense of their organizations and the ...

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