Jane Leavy

By the 1880s, baseball was entrenched in the Cape's sandy soil. Semipro teams, commonplace before World War I, were organized into the first Cape Cod League in 1923 - Orleans joined the four original teams five years later. By 1940, the league had foundered on financial shoals and disbanded.

Wherever Mantle went in the great metropolis - Danny's Hideaway, the Latin Quarter, the '21' Club, the Stork Club, El Morocco, Toots Shor's - his preferred drink was waiting when he walked through the door. Reporters waited at his locker for monosyllabic bons mots. Boys clustered by the players' gate, hoping to touch him.

This rise of the new global mega-rich is happening as established institutions are falling. The fall runs the gamut from the music business and traditional media to the Detroit automakers who find themselves obsolete, outmaneuvered, and out-priced by entrepreneurs in Silicon Valley, Mumbai, Shanghai, and even Siberia.