Concentration of Wealth is Driving a New Global Imperialism

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.

Sixty percent of the core 199 global power elite managers are from the US, with people from twenty capitalist nations rounding out the balance. These power elite managers and associated one percenters take an active part in global policy groups and governments. They serve as advisors to the IMF, World Trade Organization, World Bank, International Bank of Settlements, Federal Reserve Board, G-7 and the G-20. Most attend the World Economic Forum. Global power elites engage actively on private international policy councils such as the Council of Thirty, Trilateral Commission, and the Atlantic Council. Many of the US global elites are members of the Council on Foreign Relations and the Business Roundtable in the US. The most important issue for these power elites is protecting capital investment, insuring debt collection, and building opportunities for further returns.

The global power elite are aware of their existence as a numerical minority in the vast sea of impoverished humanity. Roughly 80% of the world’s population lives on less than ten dollars a day and half live on less than three dollars a day. Concentrated global capital becomes the binding institutional alignment that brings transnational capitalists into a centralized global imperialism facilitated by world economic/trade institutions and protected by the US/NATO military empire. This concentration of wealth leads to a crisis of humanity, whereby poverty, war, starvation, mass alienation, media propaganda, and environmental devastation have reached levels that threaten humanity’s future.

The idea of independent self-ruling nation-states has long been held sacrosanct in traditional liberal capitalist economies. However, globalization has placed a new set of demands on capitalism that requires transnational mechanisms to support continued capital growth that is increasingly beyond the boundaries of individual states. The financial crisis of 2008 was an acknowledgment of the global system of capital under threat. These threats encourage the abandonment of nation-state rights altogether and the formation of a global imperialism that reflects new world order requirements for protecting transnational capital.

Institutions within capitalist countries including government ministries, defense forces, intelligence agencies, judiciary, universities and representative bodies, recognize to varying degrees that the overriding demands of transnational capital spill beyond the boundaries of nation-states.  The resulting worldwide reach motivates a new form of global imperialism that is evident by coalitions of core capitalist nations engaged in past and present regime change efforts via sanctions, covert actions, co-options, and war with non-cooperating nations—Iran, Iraq, Syria, Libya, Venezuela, Cuba, North Korea and Russia.

The attempted coup in Venezuela shows the alignment of transnational capital-supporting states in recognizing the elite forces that oppose Maduro’s socialist presidency. A new global imperialism is at work here, whereby Venezuela’s sovereignty is openly undermined by a capital imperial world order that seeks not just control of Venezuela’s oil, but a full opportunity for widespread investments through a new regime.

The widespread corporate media negation of the democratically elected president of Venezuela demonstrates that these media are owned and controlled by ideologists for the global power elite. 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. Corporate media does this by manipulating feelings and cognitions of human beings worldwide, and by promoting entertainment as a distraction to global inequality.

Recognizing global imperialism as a manifestation of concentrated wealth, managed by a few hundred people, is of utmost importance for democratic humanitarian activists.  We must stand on the Universal Declaration of Human Rights and challenge global imperialism and its fascist governments, media propaganda, and empire armies.

Peter Phillips is a professor of political sociology at Sonoma State University. Giants: The Global Power Elite, 2018,  is his 18th book from Seven Stories Press. He teaches courses in Political Sociology, Sociology of Power, Sociology of Media, Sociology of Conspiracies and Investigative Sociology. He served as director of Project Censored from 1996 to 2010 and as president of Media Freedom Foundation from 2003 to 2017.

Top Photo | A protester splashes red paint at the logo of Shell, one of the three big oil companies in the Philippines, to denounce an increase for the eighth consecutive week, Oct. 5, 2018 in Makati, Philippines. Bullit Marquez | AP

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13 thoughts on “Concentration of Wealth is Driving a New Global Imperialism”

  1. There are two kinds of justice in the world, metaphorically speaking.
    Jewish Justice and Palestinian Justice.

    Notice that Jews & Israel can do just about anything. Build nukes, pass nuke technology to apartheid South Africa, aid ISIS fighters, shoot missiles into Syria, mow down Palestinian protesters, occupy Palestinian territory(and Israel itself was stolen in Nakba) & grab more land, use neo-apartheid against Palestinians, exploit Slavic women for white slavery, drug an entire nation on opioids, use the US and EU to wage Wars for Israel, rob Russia of its wealth, spread paranoia about Iran & Russia, and etc. Even get Jonathan Pollard out of prison even though his espionage led to the deaths of hundreds. And yet, all we hear from US politicians is WE LOVE JEWS, WE ARE ALL GUILTY OF THE HOLOCAUST, GIVE MORE BILLIONS TO ISRAEL, HATE IRAN, HATE RUSSIA, HATE WHATEVER JEWS HATE. That is how Jewish Justice works.

    As for the Palestinians? They were destroyed by massive Jewish immigration-invasion with the backing of Jewish bankers and the empires of UK, US, & USSR. Palestinians had no chance as the great empires all gave cover and protection to Jewish takeover of Palestine. Palestinians were provoked into war because the division of their homeland was imposed by foreigners. If China or Iran today were to send in tons of their peoples into Israel and then call for dividing the nation in two — one for Jews, one for newcomers –, how would Jews react? They would rise up and resist. Palestinians understandably rose up in 1948, but they were crushed, and the war was used as pretext to ethnically expel the bulk of the Arab population by means of terror. And then, under more bogus pretext Zionists also seized West Bank in 1967, setting off endless Jewish migration-invasions that have drastically reduced Palestinian territory. But does anyone talk of Nakba in the US? Is there Nakba day or Nakba memorial? Nakba week or Palestinian Tragedy Month? Does any politician, Democratic or Republican, mention the utter injustice experienced by Palestinians? Has there been a single movie or TV show about Nakba or the Occupation? No. That is how Palestinian Justice works.

    So, metaphorically speaking, which one are you? A Meta-Jew or a Meta-Palestinian? So many stupid whites thought that if they support Jews, praise Jews, hug Jews, indulge Jews, and worship Jews, Jews would treat whites as meta-Jews. But if Jews treated whites as equals, then whites would have the same rights and privileges as the Jews. Jews couldn’t tolerate that because Jewish Supremacist Power — Current Jews are addicted to supremacism like Japanese were addicted to Pan-Asian supremacism and Germans to Pan-European supremacism in WWII — depends on white submission and subservience to Jews, just like Jewish possession and domination of Israel-West-Bank depends on Palestinian subordination to Jewish Might. Then, it was hardly surprising that Jewish power treated whites a Meta-Palestinians.
    Now, which groups did Jews promote as Meta-Jews? Blacks and Homos. Blacks could be used to paralyze white moral pride — the stuff about slavery and endless remembrance of Emmitt Till — and undermine white manhood pride(as black men can kick white male butt and win the respect of white women with jungle fever). Reduced to wussy cucks, white race has been made to feel a need for redemption and benediction from morally superior groups. Knowing this, Jews pulled a bait-and-switch. Bait White Americans mainly with guilt about blacks, but then steer white desire for redemption toward serving Jews and Israel, which is ironically doing to Palestinians what whites once did to blacks long ago under Segregation. Same with the manipulation of white guilt about American Indians. Tell whites that they must atone for the ‘genocide’ of Indians by letting in more immigration-invasion. Total Bait-and-Switch. If mass immigration destroyed the American Indians, why should there be MORE immigration? Well, it’s good for Jews in their game of divide-and-rule.

    As for Homos as Meta-Jews, they are useful in boosting minority-elite power/privilege as the New Normal of social, cultural, and political affairs Jewish minority-elites and homo minority-elites see eye-to-eye. Jews boost homo power, and all those homos in Deep State — Washington DC is 10% homo — serve the agenda of Zionist hegemony all over the world. Also, globo-homo craziness has been effective in replacing Christianity and traditional-natural-normal values that empower the normal goy populace. If all those straights have been led to believe that the highest value is ‘rainbow’ homos who indulge in fecal penetration and trannies who cut off penises(and beat up women in sports), then it means the great majority of normal people, de-normalized and devoid of moral confidence in themselves, must SUBMIT to the ‘values’ of the ‘special’ minority.

    So, there is Jewish Justice for Jews, black Meta-Jews, and homo Meta-Jews. Whites sucked up to Jews in the hope of being considered as fellow Meta-Jews, but Jews said “No, you can’t be our equal. You exist to serve us.” Whites could have woken up and told Jewish power to go to hell, but they just cucked and keep their heads bowed. Uppity whites were denounced as ‘white supremacist’ and ‘nazi’. But then, why shouldn’t white elites debase themselves this way? They’ve lost all pride but do get fat paychecks from Jewish Power. Paul Ryan will make some serious money. The Bush Die-Nasty got a second chance with George W. Bush because it totally cucked to Neocons with Dick Cheney as middleman. The white elites are worthless cucks, but they get paid well for being such good dogs. The John McCain farewell was the biggest Good Dog pet funeral of all time.

    Anyway, there is no Jewish Justice for whites. As Meta-Palestinians in the eyes of Jews, Whites only get Palestinian Justice. SPLC and ADL spread lies, but they are showered with tons of cash from Jews, favored by media, and get to defame anyone. Meanwhile, Jared Taylor has struggle and scrape to secure a place for a conference(despite the fact that among white advocates, he usually cucks to Jews). Antifa scum get to bash heads, but their violence is not denounced by the Jewish-run Media. They are indulged with favorable Jewish Justice. There are Jewish lawyers to represent them if they get caught, which is rarely the case as cops have been ordered to go easy on them. These scum can bash skulls with padlocks but get off scot-free. Meanwhile, people who push back and fight back are denied banking service, deplatformed, railroaded, and locked up behind bars. They get Palestinian Justice. And Donald Trump and Jeff Sessions have done NOTHING for white patriots. Despite the bogus rhetoric, Trump has gone along with the arrangement of Jewish Justice for Jews, blacks, homos, illegals, antifa scum AND Palestinian Justice for whites, even those who supported him despite getting attacked in the streets by globohomo thugs.

    White people need to wake up to the fact that they will never be anything but Meta-Palestinians in the eyes of Jews. Sure, some whites will do okay if they collaborate, but then Palestinians who collaborate in West Bank are rewarded too. Just like there are two forms of justice in Israel-West-Bank — one for Jews, one for Palestinians — , there are two forms of justice in the US and the world as devised by hegemonic globohomo Jewish Power. As far as Jews are concerned, white patriots in US and EU, Russians, Iranians, Syrians, and Christian Conservatives are Meta-Palestinians who deserve Palestinian Justice. Even when Jews wrong Russia, Russia gets blamed. Even when Jewish-controlled US is the aggressor against Russia, Russia is the guilty party. Why would hypocritical Jews who treat Palestinians like shi* treat the rest of the world any differently? Why did whites ever think that if they support Jews treating Palestinians like subhumans, Jews are somehow going to treat whites any better? After all, aren’t both Palestinians and whites a bunch of ‘dirty goyim’ in Jewish eyes? Don’t Jews think in terms of “Is it good for the Jews?” wherever they are and whomever they’re with? The West looked the other way and even aided Israel’s invasion of West Bank, but did this lead to Jewish gratitude to the West? No, Jewish policy toward EU and US follows the same dynamics as Zionist policy toward Palestinians in the West Bank. It is population replacement and destruction of goy nationalism on the arrogant Mono-Nationalist premise that ONLY JEWS are deserving of proud identity and nationalism.

    The current formula is as follows:

    Jewish Justice or JJ for Jews, Negro Meta-Jews, and Homo Meta-Jews.

    Palestinian Justice or PJ for whites, Russia, Syria, Iran.

    And then, there’s the tricky part. If Muslims are OVER THERE, they deserve Palestinian Justice. Sanction them, destroy their economy, invade them, rain bombs on them, turn them into refugees. In their home nations, all these Arabs and Muslims are Meta-Palestinians. (There are exceptions. Saudis are Meta-Jews because they are such total cuck-dogs of the Zionist-US empire. Saudis can get away with anything: Murder, Torture, aiding terrorists.)
    But if Muslims are OVER HERE, they suddenly favored with Jewish Justice. Protect them, promote them, and coddle them as akin to New Jews, a vulnerable minority group that needs to be protected from MAGA-monsters. But then, if like Ilhan Omar, a Muslim in America talks about Jewish Money and Power, he or she is back to being treated with Palestinian Justice.

    No matter what whites do for Jews, Jews will always regard whites as Meta-Palestinians. It’s about time whites realized this. Only then can whites work toward equal justice for all peoples, one that will recognize the right of nationalism and sovereignty for all peoples(than just for Jews). What Jews mean by ‘liberal democracy’ is Jewish supremacism and privilege. Real justice would not favor Jews over whites or whites over Jews or Jews over Palestinians or Palestinians over Jews. It would say that Palestinians and whites are deserving of nations and national security, just like Israel as a Jewish state.
    It’s utterly disingenuous for whites to complain about how Jewish power is undermining nationhood for white people when white people have supported the Zionist denial of nationhood to Palestinians. By assenting to Zionism’s perversion of justice into a matter of Jewish Justice for Jews and Palestinian Justice for Palestinians, whites have encouraged Jewish Power to see the entire world as a macro-version of West Bank: One rule for Jews, another for goyim.
    White liberation/emancipation from Jewish supremacism begins with saying NO MORE to Zionist colonization of the West Bank. Any white person who supports this has NO RIGHT to complain about Jewish power doing the SAME THING to his own nation. If Bob supports Bill’s attack on innocent Paul, why should Bob complain when Bill turns around and attacks Bob too?

      1. What a brilliant scam for the filthy rich to push feminism, equality, and all that nonsense on us when they are rigging the game to protect their wealth and pay less taxes than the middle class. If you keep moving up the institutional ladder into the central banks, you’ll encounter men who control it all. ( more at post above at rooshv. com)

      2. What a brilliant scam for the filthy rich to push feminism, equality, and all that nonsense on us when they are rigging the game to protect their wealth and pay less taxes than the middle class. If you keep moving up the institutional ladder into the central banks, you’ll encounter men who control it all. (more at rooshv post)

    1. That “Fake Jew” character portrade in this Movie was actually a man named Myer Lansky, one of organized crimes best friends of the Italian Mafia…I have a copy of this movie too

  2. UR’ MEEN IT TUK-YUR DIS LUNG TA FIGGUR DIS OUTA?!?!?
    Hot Damn! Someone is”Catching -On” to HOW EVIL this system is and WHO actually Controls it ALL.

  3. Same old Mercantile Zionist Evil bastards, making their usual Crash n Burn of countries and economies,
    we cant have the sheeple getting ahead of their poverty, My Goodness they may start to get enough cash to challenge us !!
    Time these few were nailed to barn doors..

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