Carlyle Group co-founder David Rubenstein moderated a panel at the Milken Institute's Global Conference which included Robert Rubin and Gary Becker..
This video is worth the watch. Rubenstein and Rubin represent private interests whose power eclipses that of nation states. Both are private equity underwriters (PEU's), Rubenstein is a Carlyle Group co-founder, while Rubin advises Centerview Parnters. Rubin also worked for Goldman Sachs and Citi.
PEU Al Gore cited special interests in his Milken talk. Al focused on politicians turned lobbyists as the toxic element to governance. He omitted PEU's. Al advises Kleiner, Perkins, Caulfield & Byers and co-founded Generation Investment Management. Al also sits on Apple's Board of Directors and owns millions in stock. Gore personally symbolizes the special interest he abhors.
The Rubenstein's of the world lobby to retain PEU preferred taxation via carried interest and lower tax rates. That would benefit the Gore's, as well. Red and Blue love PEU.
Update: ZeroHedge posted a piece about risk taking which stated, "We have ended up with a system where the worst of the risk takers have the ability to take the most risk and are currently taking it at extreme levels." Risk, reward and eventually risk, implosion. Will the Fed and feds yet again backstop the kajillionaires?