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How the Concentration of Wealth is Driving a New Global Imperialism 

Shell Protest Philippines

How the Concentration of Wealth is Driving a New Global Imperialism 

Corporate media today is highly concentrated and fully international. Their primary goal is the promotion of product sales and pro-capitalist propaganda through the psychological control of human desires, emotions, beliefs, fears, and values. 

Regime changes in Iraq and Libya, Syria’s war, Venezuela’s crisis, sanctions on Cuba, Iran, Russia, and North Korea are all reflections of a new global imperialism imposed by a core of capitalist nations in support of trillions of dollars of concentrated investment wealth. This new world order of mass capital has become a totalitarian empire of inequality and repression.

The global 1%, comprised of over 36-million millionaires and 2,400 billionaires, employ their excess capital with investment management firms like BlackRock and J.P Morgan Chase. The top seventeen of these trillion-dollar investment management firms controlled $41.1 trillion dollars in 2017. These firms are all directly invested in each other and managed by only 199 people who decide how and where global capital will be invested. Their biggest problem is they have more capital than there are safe investment opportunities, which leads to risky speculative investments, increased war spending, privatization of the public domain, and pressures to open new capital investment opportunities through political regime changes.

Power elites in support of capital investment are collectively embedded in a system of mandatory growth. Failure for capital to achieve continuing expansion leads to economic stagnation, which can result in depression, bank failures, currency collapses, and mass unemployment.  Capitalism is an economic system that inevitably adjusts itself via contractions, recessions, and depressions. Power elites are entrapped in a web of enforced growth that requires ongoing global management and the formation of new and ever-expanding capital investment opportunities. This forced expansion becomes a worldwide manifest destiny that seeks total capital domination in all regions of the earth and beyond.

 …click on the above link to read the rest of the article…

The Elite World Order in Jitters

The Elite World Order in Jitters

According to a brand new book by Peter Phillips, the world is now controlled by a handful (actually several handfuls) of powerful/rich elites via interlocking capital exchanges spanning the globe.

This ultra small coterie dictates world events and expects results. However, they are painfully aware that forces from down below are growling, growing restless, very restless indeed!

Thus, Phillips’ riveting story of world domination by elites, a thoroughly researched analysis from A-to-Z: Giants – The Global Power Elite (Seven Stories Press, 2018)

Phillips forewarns on behalf of ninety-nine percenters (99%):

“There is growing concern among reformist elements of the transnational elite that unchecked inequality threatens the stability of global capitalism and that there must be some sort of redistribution. These elites have been scrambling to find ways to reform the system in order to save capitalism from itself and to undercut more radical challenges from below.” (p. 18)

Meantime, and along the way according to Phillips, wealth concentration has gone ballistic like a moonshot! In January 2016 only 62 people held as much wealth as one-half of the entire world, but within one year, by 2018, that figure narrowed to 8 people with as much wealth as one-half of the entire world. Stop and think about the implications. Is something about that awry, amiss, or maybe nonsensical?

“Wealth concentration is happening so rapidly that it is feasible that someday soon one man will hold more wealth than half the humans in the world.” (p. 21) Wow-Wow!

Is capitalism starting to “stink up the place” with wealth cumulation madness? Can the world community live with this or will there be an uprising as the elite’s bold rapaciousness increasingly turns into a public image of the Wicked Witch of the East?

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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