This ultra small coterie dictates world events and expects results. However, they are painfully aware that forces from down below are growling, growing restless, very restless indeed!
Thus, Phillips’ riveting story of world domination by elites, a thoroughly researched analysis from A-to-Z, Giants: The Global Power Elite, Seven Stories Press, 2018.
Phillips forewarns on behalf of ninety-nine percenters (99%):
There is growing concern among reformist elements of the transnational elite that unchecked inequality threatens the stability of global capitalism and that there must be some sort of redistribution. These elites have been scrambling to find ways to reform the system in order to save capitalism from itself and to undercut more radical challenges from below. (p. 18)
Meantime, and along the way according to Phillips, wealth concentration has gone ballistic like a moonshot! In January 2016 only 62 people held as much wealth as one-half of the entire world, but within one year, by 2018, that figure narrowed to 8 people with as much wealth as one-half of the entire world. Stop and think about the implications. Is something about that awry, amiss, or maybe nonsensical?
Wealth concentration is happening so rapidly that it is feasible that someday soon one man will hold…