Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Octafish

(55,745 posts)
36. Private negotiations are one thing. Private negotiators are another.
Tue Mar 17, 2015, 05:55 PM
Mar 2015
Obama selects former Monsanto lobbyist to be his TPP chief agriculture negotiator

This cartoon, I believe, is 101 years old:



Analysis of what's new since then that should be of interest to Democrats and all who believe in democracy.



The Following is a Chapter from the Newest Book Project Censored 2014: Fearless Speech in Fateful Times

Exposing the Financial Core of the Transnational Capitalist Class

By Peter Phillips and Brady Osborne

Introduction

In this study, we decided to identify in detail the people on the boards of directors of the top ten asset management firms and the top ten most centralized corporations in the world. Because of overlaps, there is a total of thirteen firms, which collectively have 161 directors on their boards. We think that this group of 161 individuals represents the financial core of the world’s transnational capitalist class. They collectively manage $23.91 trillion in funds and operate in nearly every country in the world. They are the center of the financial capital that powers the global economic system. Western governments and international policy bodies work in the interests of this financial core to protect the free flow of capital investment anywhere in the world.

A Brief History of Research on the
American Power Elite


A long tradition of sociological research documents the existence of a dominant ruling class in the United States, whose members set policy and determine national political priorities. The American ruling class is complex and competitive, and perpetuates itself through interacting families of high social standing with similar lifestyles, corporate affiliations, and memberships in elite social clubs and private schools.1

SNIP...

The Transnational Capitalist Class

Capitalist power elites exist around the world. The globalization of trade and capital brings the world’s elites into increasingly interconnected relationships—to the point that sociologists have begun to theorize the development of a transnational capitalist class (TCC). In one of the pathbreaking works in this field, The Transnational Capitalist Class (2000), Leslie Sklair argued that globalization elevated transnational corporations (TNC) to more influential international roles, with the result that nation-states became less significant than international agreements developed through the World Trade Organization (WTO) and other international institutions.8 Emerging from these multinational corporations was a transnational capitalist class, whose loyalties and interests, while still rooted in their corporations, was increasingly international in scope. Sklair wrote:

The transnational capitalist class can be analytically divided into four main fractions: (i) owners and controllers of TNCs and their local affiliates; (ii) globalizing bureaucrats and politicians; (iii) globalizing professionals; (iv) consumerist elites (merchants and media). . . . It is also important to note, of course, that the TCC and each of its fractions are not always entirely united on every issue. Nevertheless, together, leading personnel in these groups constitute a global power elite, dominant class or inner circle in the sense that these terms have been used to characterize the dominant class structures of specific countries.9

William Robinson followed in 2004 with his book, A Theory of Global Capitalism: Production, Class, and State in a Transnational World.10 Robinson claimed that 500 years of capitalism had led to a global epochal shift in which all human activity is transformed into capital. In this view, the world had become a single market, which privatized social relationships. He saw the TCC as increasingly sharing similar lifestyles, patterns of higher education, and consumption. The global circulation of capital is at the core of an international bourgeoisie, who operate in oligopolist clusters around the world. These clusters of elites form strategic transnational alliances through mergers and acquisitions with the goal of increased concentration of wealth and capital. The process creates a polyarchy of hegemonic elites. The concentration of wealth and power at this level tends to over-accumulate, leading to speculative investments and wars. The TCC makes efforts to correct and protect its interests through global organizations like the World Bank, the International Monetary Fund, the G20, World Social Forum, Trilateral Commission, Bilderberg Group, Bank for International Settlements, and other transnational associations. Robinson claimed that, within this system, nation-states become little more than population containment zones, and the real power lies with the decision makers who control global capital.11

Deeper inside the transnational capitalist class is what David Rothkopf calls the “superclass.” In his 2008 book, Superclass: The Global Power Elite and the World They Are Making, Rothkopf argued that the superclass constitutes 6,000 to 7,000 people, or 0.0001 percent of the world’s population.12 They are the Davos-attending, Gulfstream/private jet–flying, money-incrusted, megacorporation-interlocked, policy-building elites of the world, people at the absolute peak of the global power pyramid. They are 94 percent male, predominantly white, and mostly from North America and Europe. Rothkopf reported that these are the people setting the agendas at the G8, G20, NATO, the World Bank, and the WTO. They are from the highest levels of finance capital, transnational corporations, the government, the military, the academy, nongovernmental organizations, spiritual leaders, and other shadow elites. (Shadow elites include, for instance, the deep politics of national security organizations in connection with international drug cartels, who extract 8,000 tons of opium from US war zones annually, then launder $500 billion through transnational banks, half of which are US-based.)13

CONTINUED...

http://www.projectcensored.org/exposing-financial-core-transnational-%E2%80%A8capitalist-class/



Thanks for grokking and doing, Omaha Steve. It means the world.

Recommendations

0 members have recommended this reply (displayed in chronological order):

The first thing that came flashing in front of my eyes madokie Mar 2015 #1
I love Obama. Octafish Mar 2015 #6
I also 100% trust Obama....in these times of a fascist coup do we really have a choice? Fred Sanders Mar 2015 #10
No, obviously this one would be passed by a majority in both houses so it would not TheKentuckian Mar 2015 #15
A knowledge of history and international law would be helpful in a debate about treaties versus international contracts. Fred Sanders Mar 2015 #16
Only four Senators voted against Froman MannyGoldstein Mar 2015 #2
Froman's got dual citizenship: Wall Street and Washington Octafish Mar 2015 #5
Mind blowing MannyGoldstein Mar 2015 #25
It's jaw dropping isn't it? Still scraping mine from the floor after all these years. 2banon Mar 2015 #39
That's what republicans say about our secret negotiations with Iran and other countries. n/t pampango Mar 2015 #3
It's also what my Democratic friends said about NAFTA. Octafish Mar 2015 #4
And even more republicans (the base not the politicians) say that about NAFTA and other agreements. pampango Mar 2015 #7
We've talked about this before on DU. Here's what I've found regarding NAFTA. Octafish Mar 2015 #8
To blame all bad economic events on something that is less than 3% of the economy is pampango Mar 2015 #9
These trade deals serve to lower US worker compensation. Octafish Mar 2015 #11
Really? Then why did FDR reverse the republican opposition to trade? Why do Germany and Sweden pampango Mar 2015 #14
The lesson remains that when we have similar protections in place will be when we revisit such TheKentuckian Mar 2015 #18
Perhaps we agree that 'similar protections' are what the fight should really be about, then these pampango Mar 2015 #20
Yeah, when we get them in place I'll revisit my stance. TheKentuckian Mar 2015 #31
Exactly. To compare us to Germany and Sweden where labor has so much more stillwaiting Mar 2015 #37
Just because it is not the sole cause doesn't mean it's a good thing. riqster Mar 2015 #13
It was not a 'disaster' under Clinton. And it did not cause the 'disaster' under Bush. He did that pampango Mar 2015 #17
Ummmmm... kindasorta right. riqster Mar 2015 #23
I take your word on that. You obviously know more about that area. pampango Mar 2015 #24
Any non-movable job did well, yes. riqster Mar 2015 #26
And a lot of foreign auto manufacturers moved facilities here. You can't just look at one little Hoyt Mar 2015 #28
True enough. What's the overall net impact on American autoworker employment numbers acompensation? riqster Mar 2015 #29
This message was self-deleted by its author Hoyt Mar 2015 #33
American cars were on a decline long before NAFTA. Computers/produ have affected demand for workers Hoyt Mar 2015 #34
Regardless, NAFTA had an impact. riqster Mar 2015 #35
What would you say if you learned that John Negroponte took full credit in Authoring NAFTA? 2banon Mar 2015 #40
Great post Omaha Steve Mar 2015 #12
Private negotiations are one thing. Private negotiators are another. Octafish Mar 2015 #36
Hey Pampang . . FairWinds Mar 2015 #19
NAFTA will be the bestest thing evah! gratuitous Mar 2015 #30
K&R 2banon Mar 2015 #21
'Progressive' Coalition for Fast Track and TPP Appears from Nowhere Octafish Mar 2015 #38
There's that logic thing again. senseandsensibility Mar 2015 #22
Are you sure Obama is going to screw us and endorse a bad agreement? Or is it possible a Hoyt Mar 2015 #27
It's good for American jobs, they are going to get a free trip overseas compliments of US taxpayers. GoneFishin Mar 2015 #32
Latest Discussions»General Discussion»"If the TPP would be...»Reply #36