The Octagon Of Oligarchy: Meet China's "Eight Immortals" - An Infographic
December 26, 2012 - 8:39pm
America may have the Octogenarian (Oracle) of Omaha but China has the Octagon of Oligarchy: an octet of the families that run the world's (still) fastest growing, marginal economy, which by extension likely makes them the eight most powerful families in the world. So powerful, that Bloomberg has just released a series not only mapping out the various linkages and profilining said families but has appropriately dubbed them the "Eight Immortals." In doing so it has revealed "the origins of princelings, an elite class that has been able to amass wealth and influence, and exploit opportunities unavailable to most Chinese. Bloomberg tracked 103 people – descendants including children, grandchildren and great grandchildren, and their respective spouses. The Immortals, now all dead, are revered in communist lore as revolutionary fighters who led China’s economic opening after Mao Zedo...
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