Abby Martin sits down with Peter Phillips, former director of Project Censored and professor of Political Sociology at Sonoma State University. His new book, Giants: The Global Power Elite details the 17 transnational investment firms which control over $50 trillion in wealth—and how they are kept in power by their activists, facilitators and protectors.
Peter Phillips, the author of the book, “Giants: The Global Power Elite,” examines the roles and networks of the world’s richest and most powerful. This class is no longer bound to national concerns, only to the expansion of its own power, says Phillips.
‘The New Rulers Of The World (2001) analyses the new global economy and reveals that the divisions between the rich and poor have never been greater – two thirds of the world’s children live in poverty – and the gulf is widening like never before.
“Every time the IPCC publishes a new report, they always seem to target governments to make changes. But the real targets should be these mega-regions which are ultimately dominated by the corporate elite. The corporate elite and their institutions are the ones responsible for how this world has been shaped.” — Chris Smiley of The Peace Report
Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.
Peter Phillips, professor of Political Sociology at Sonoma State University and media researcher for Project Censored and Media Freedom Foundation, presented a summary of his groundbreaking new book Giants: The Global Power Elite last week at Fordham University’s campus in Manhattan. This was an information-packed session that explained the unique purpose of this new book: exposing to public view the private workings of the influential investment partnerships, global councils, think tanks, consortiums and other non-governmental organizations that translate the agenda of the wealthy one-percent into policy plans and proposals that the most powerful governments in the world can act on.
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
In the week when President Obama and Republican presidential hopeful Mitt Romney debated issues of foreign policy and the economy, we turn to world-renowned political dissident, linguist, author and MIT Professor, Noam Chomsky. In a recent speech, Chomsky examined topics largely ignored or glossed over during the campaign: China, the Arab Spring, global warming, nuclear proliferation, and the military threat posed by Israel and the U.S. versus Iran. Continue reading →
Image by Photo by Brendan Hoffman by Public Citizen via Flickr
Big money and big media have coupled to create a ‘Disney World’ of democracy in which TV shows, televised debates, even news coverage is being dumbed down, resulting in a public less informed than it should be, says Marty Kaplan, director of USC’s Norman Lear Center and an entertainment industry veteran. Bill Moyers talks with Kaplan about how taking news out of the journalism box and placing it in the entertainment box is hurting democracy and allowing special interest groups to manipulate the system.
Michael Parenti, a progressive political analyst, joined us this morning for a good look at what’s going on in the Middle East, specifically Iran. He took us back in history for a lesson on Saddam Hussein showing us exactly who put him in power and how he fell out of good graces with the U.S., thus becoming the bad boy. The American Empire and Geo-Politics.