We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, April 25, 2016

Transnational Capitalist Class

Click here to access a transcript of a speech given on April 16, in Oakland, CA, by By Peter Phillips.

Prof. of Sociology Peter Phillips


The TCC [Transnational Capitalist Class] represents the interests of several hundred thousand millionaires and billionaires who comprise the richest people in the top one percent of the world’s wealth hierarchy. Ironically, this extreme accumulation of concentrated capital at the top creates a continuing problem for the TCC, who must continually scour the world for new investment opportunities that will yield adequate returns (7-10%).

War is one use for over-accumulated capital.

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