If today's super-rich believe that they no longer need to rely on their national governments, they are making a huge mistake. The reality is that the stability and openness of the markets that produce their wealth have never depended more on government action.
So the challenge for economic policy will increasingly be generating enough work
for all who need work for income, purchasing power and dignity. What will this
require? The role of government was transformed to meet the needs of an
industrial age by Gladstone, Bismarck and the two Roosevelts. We will need their
equivalent if we are to meet the needs of the information age.