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| 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.