The Global 1%: Exposing the Transnational Ruling Class

 


This study by Peter Phillips and Kimberly Soeiro asks ‘Who are the world’s 1% power elite?’ And to what extent do they operate in unison for their own private gains over benefits for the 99%?’ It does so by examining a sample of the 1% - firstly, those whose wealth is based on what the authors call ‘the extractor sector’, whose companies are on the ground extracting material from the global commons, and using low-cost labour to amass wealth. These companies include oil, gas, and various mineral extraction organizations, whereby the value of the material removed far exceeds the actual cost of removal. Secondly, the investment sector, companies whose primary activity is the amassing and reinvesting of capital. This sector includes global central banks, major investment money management firms, and other companies whose primary efforts are the concentration and expansion of money, such as insurance companies. Finally, the authors analyse how global networks of centralized power—the elite 1%, their companies, and various governments in their service—plan, manipulate, and enforce policies that benefit their continued concentration of wealth and power. They demonstrate how the US/NATO military-industrial-media empire operates in service to the transnational corporate class for the protection of international capital across the world. You can read or download a pdf of the 16-page study from the Project Censored website