• Research
  • Emissary
  • About
  • Experts
Carnegie Global logoCarnegie lettermark logo
DemocracyIran
  • Donate
Power, Inc.: The Epic Rivalry Between Big Business and Government—and the Reckoning that Lies Ahead
Book

Power, Inc.: The Epic Rivalry Between Big Business and Government—and the Reckoning that Lies Ahead

An important look at the power struggle that is defining modern times, Power, Inc. also offers critical insights into how to navigate the tumultous years ahead.

Link Copied
By David Rothkopf
Published on Mar 1, 2012
Program mobile hero image

Program

American Statecraft

The American Statecraft Program develops and advances ideas for a more disciplined U.S. foreign policy aligned with American values and cognizant of the limits of American power in a more competitive world.

Learn More

Source: Farrar, Straus and Giroux, 2012

The world’s largest company, Wal-Mart Stores, has revenues higher than the GDP of all but twenty-five of the world’s countries. Its employees outnumber the populations of almost a hundred nations. The world’s largest asset manager, a secretive New York company called Black Rock, controls assets greater than the national reserves of any country on the planet. A private philanthropy, the Bill and Melinda Gates Foundation, spends as much worldwide on health care as the World Health Organization.  

The rise of private power may be the most important and least understood trend of our time. David Rothkopf provides a fresh, timely look at how we have reached a point where thousands of companies have greater power than all but a handful of states. Beginning with the story of an inquisitive Swedish goat wandering off from his master and inadvertently triggering the birth of the oldest company still in existence, Power, Inc. follows the rise and fall of kings and empires, the making of great fortunes, and the chaos of bloody revolutions. A fast-paced tale in which champions of liberty are revealed to be paid pamphleteers of moneyed interests and greedy scoundrels trigger changes that lift billions from deprivation, Power, Inc. traces the bruising jockeying for influence right up to today’s financial crises, growing inequality, broken international system, and battles over the proper role of government and markets.

Rothkopf argues that these recent developments, coupled with the rise of powers like China and India, may not lead to the triumph of American capitalism that was celebrated just a few years ago. Instead, he considers an unexpected scenario, a contest among competing capitalisms offering different visions for how the world should work, a global ideological struggle in which European and Asian models may have advantages. An important look at the power struggle that is defining our times, Power, Inc. also offers critical insights into how to navigate the tumultous years ahead.

About the Author

David Rothkopf

Former Visiting Scholar

David Rothkopf was a visiting scholar at the Carnegie Endowment as well as the former CEO and editor in chief of the FP Group.

    Recent Work

  • In The Media
    How Bush, Obama, and Trump Ended Pax Americana

      David Rothkopf

  • In The Media
    A Bigger Clubhouse

      David Rothkopf

David Rothkopf
Former Visiting Scholar
David Rothkopf
North AmericaUnited StatesEastern EuropeWestern EuropePolitical ReformDemocracyEconomyTrade

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Endowment for International Peace

  • Commentary
    Diwan
    Pushing Beirut into an Armed Conflict With Hezbollah Is Insane

    The party’s domestic and regional roles have changed, so Lebanon should devise a disarmament strategy that encompasses this.

      Michael Young

  • Article
    Continental Asia and the Rise of Portfolio Politics

    “Central Asia” as an analytical category is itself part of the problem. The term is a Soviet administrative inheritance, drawn along lines that served the convenience of Moscow. The Central Asian states the Soviets named no longer see themselves through this category alone and are not aligning across political blocs but are instead building external partnerships sector by sector, assigning different partners to different functions.

      Jennifer B. Murtazashvili

  • Members of the National Democratic Alliance (NDA) attend a meeting along with Bhartiya Janta Party (BJP) President Amit Shah and Indian designated Prime Minister Narendra Modi (C) at the central hall of the parliament, in New Delhi on May 25, 2019.
    Paper
    Delimitation After Defeat: India’s Unfinished Debate Over Representation

    The battle over representation and regional power has been delayed—not resolved—and will shape the future of India’s federal balance.

      • Louise Tillin
      • Andy Robaina

      Louise Tillin, Milan Vaishnav, Andy Robaina

  • Commentary
    Carnegie Politika
    In Russia, Private Companies Have Been Left to Pick Up the Tab for Ukrainian Drone Attacks

    The cost of air defense has become an unregistered tax on revenue for businesses. While military rents are consolidated in the federal budget, the costs of defense are being spread across the balance sheets of companies and regional governments.

      Alexandra Prokopenko

  • San Francisco Skyline
    Paper
    California’s Global Trade Cities: Driving Local and National Outcomes

    Cities across the United States facilitate investment in American communities. Yet, because global attention remains focused on U.S. trade policy, their distinctive and bold local approaches to international trade and investment promotion are often underappreciated.

      • Wyatt Frank
      • Marissa Jordan

      Wyatt Frank, Marissa Jordan

Get more news and analysis from
Carnegie Endowment for International Peace
Carnegie global logo, stacked
1779 Massachusetts Avenue NWWashington, DC, 20036-2103Phone: 202 483 7600
  • Research
  • Emissary
  • About
  • Experts
  • Donate
  • Programs
  • Events
  • Blogs
  • Podcasts
  • Contact
  • Annual Reports
  • Careers
  • Privacy
  • For Media
  • Government Resources
Get more news and analysis from
Carnegie Endowment for International Peace
© 2026 Carnegie Endowment for International Peace. All rights reserved.