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One Percent Pathologies

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Chris Hayes
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But you can't help but notice that other guests, the ones who landed on the same plane, but who were sitting in first class, are being greeted by an army of attractive red-coated escorts who help them with their bags before whisking them off in gleaming black Mercedes S-Class sedans for the two-hour drive.

Suddenly your perspective shifts. At first you had viewed yourself as special and distinct from all those poor saps who would never be allowed into the inner sanctum of global power that is the World Economic Forum. But now you realize that, in the context of Davos attendees, you are a member of the unwashed masses, crammed into a bus like so much coach chattel.

And while you're having this realization those same special VIPs whom you've quickly come to envy are enjoying their ride inside their plush, leather confines. But later that night they will find out over cocktails that those who are the true insiders don't fly on commercial flights into Zurich; they take private jets and then transfer to helicopters, which make the trip from Zurich in about thirty minutes and feature breathtaking views of the Alps.

This constant envy is the dominant experience of the Davos conference, an obsessive looking over the shoulder instilled by the participants' knowledge that the reality of fractal inequality means there are infinite receding layers of networking happening that one doesn't even know about! "The point about Davos is that it makes everyone feel wildly insecure," observed Anya Schiffrin, the wife of Nobel Prize--winning economist and frequent Davos attendee Joseph Stiglitz. "Billionaires and heads of state alike are all convinced that they have been given the worst hotel rooms, put on the least interesting panels, and excluded from the most important events/most interesting private dinners. The genius of World Economic [Forum] founder Klaus Schwab is that he has been able to persuade hundreds of accomplished businessmen to pay thousands of dollars to attend an even which is largely based on mass humiliation and paranoia."



Excerpted from Twilight of the Elites by Christopher Hayes. Copyright - 2012 by Christopher Hayes. Excerpted by permission of Crown Publishers, a division of Random House, Inc. All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.

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Chris Hayes is host of MSNBC's Up, show, and author of Twilight of the Elites
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