The Clinton's millions in speaking fees have been reported by WaPo and The Intercept. Three private equity firms hired Hillary Clinton to speak since she stepped down as Secretary of State. Leon Black's Apollo Global Management, David Rubenstein's Carlyle Group and Henry Kravis' KKR each paid Mrs. Clinton hundred of thousands of dollars.
It's worth remembering this fact as the World Economic Forum nears. The meeting of global tamperes clearly has a bias towards the financial sector. Only months ago the WEF released two reports on Alternative Investments 2020. Alternative investments include private equity underwriters and hedge funds.
One report is on regulatory reform and the other on the future of alternative investments.
Private equity underwriters rode decades of financial engineering and their preferred tax status to become financial behemoths. Their spectacular ascent occurred under Red and Blue Presidents. Bill Clinton privatized government background checks to The Carlyle Group's profitability. George Bush's two terms in office saw Carlyle grow from $3 billion under assets to over $90 billion. Carlyle more than doubled again under Obama. How big might they get under Hillary Clinton's shepherding?
The PEU ground may become fertile under the Fourth Industrial Age, the theme of this year's World Economic Forum:
The speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country.PEUs love disruption. It's the field in which billionaires are made. They need politicians to socialize their Third Wave losses as they privatize their Fourth Wave gains. I believe Hillary is up to the task.
