Cosmocrat

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Cosmocrat is a word coined by John Micklethwait and Adrian Wooldridge in their book Future Perfect: The Challenge and Hidden Promise of Globalization to describe individuals who are amongst the global elite. It is a portmanteau of cosmopolitan and aristocrat.

The authors claim there are 20 million cosmocrats worldwide, of whom 40% live in the U.S.. Cosmocrats embrace globalism and have virtually no national preference. They are the top executives of multinationals like GE or McKinsey & Company, a leading management consulting firm. They are entrepreneurs who take advantage of globalism to start new companies. They are executives in national companies that embrace globalism in order to make their businesses more competitive. They are wealthy, but not necessarily hugely wealthy.

Cosmocrats may spend much of their life in airports traveling between offices. Cosmocrats tend to eschew local traditions for global brands. Because they think of the globe as being both their customers and their playground they are happier the more homogonized something is worldwide. They have almost no national identity and most do not work in the country that they grew up in.

The fact that cosmocrats all seem to dress alike and talk alike regardless of national origin causes a backlash against the destruction of cultural diversity.