ABSTRACT By turning his focus to individuals – the profile of billionaires as the people they are – Peter Hägel offers in his book Billionaires in World Politics an interesting move towards agency, showing that their power, even if situated in a complex economic structure, also consists in bending, changing, or setting the rules of how the game is played. After having followed the move of the pendulum from structure to agency with Hägel, in this paper I suggest that moving (...) back to structural analyses could again provide new insights. I argue that in order to have a more complete picture of the billionaires-and-politics puzzle, it is required to not only look at agency as a kind of reflexive phenomenon, but also to provide a more historically informed genealogy of the conditions under which billionaires’ passions have been shaped. (shrink)

ABSTRACT In Billionaires in World Politics Peter Hägel considers how the experience of wealth accumulation shapes billionaires’ political agency. To understand the agentic power billionaires exercise in world politics, he proposes that we should examine (1) personality traits that dispose people to participate in politics and (2) connections between capacity and intentions. In this paper, I argue that Hägel’s account of billionaires’ agency in world politics depends on two assumptions. The first is an implied meaning of world politics and the (...) second is the imagination that billionaires have equal access to social and cultural goods that guarantee meaningful engagement in world politics. I analyze these assumptions to argue that Hägel’s account of billionaire agency fails to take adequate notice of the dialectical relationship between corporate power and billionaire agency. A robust account of the agency of billionaires in world politics, I argue, must take this dialectical relationship as its foundation. (shrink)

It is a distinctive feature of the global political order that democracy is no longer confined to nation-states, characterized by extensive and overlapping constituencies. It is important to think of the significance of these developments for individuals’ self-determination, which may be undermined in different ways. Here it is argued that democracy must serve to delegate power to complex units of decision making which favour self-determination. Contestability is part of this form of self-determination, allowing forms of politics to emerge based on (...) the democratic rights and powers of self-determining, non-dominated citizens. (shrink)

ABSTRACT Hägel’s book is timely. As economic inequality has been on the rise, the increasing number of billionaires and their political activities have come under public scrutiny. The book contributes to such scrutiny and allows to ask questions about responsibility, accountability, and legitimacy. It also adds to scholarship on individuals in world politics. Our comment provides a critical discussion of two specific aspects of Hägel’s analysis. First, we clarify that most of the book focuses on billionaires as transnational actors while (...) few billionaires seem to exert influence on broader structures or processes of global governance. This clarification helps to understand the character of billionaires’ activities in world politics. Second, we reverse the perspective from which Hägel looks at billionaires. We point out that, while Hägel tends to look over the shoulders of the billionaires and mainly observes how they exercise influence in world politics, we argue that the other actors matter, too. More specifically, we maintain that billionaires’ roles in global governance are shaped through their specific recognition by international society (state actors) and/or by world society (non-state actors). This change in perspective sheds additional light on the conditions that affect the role(s) billionaires can play in world politics. (shrink)