The NWO Power Pyramid II: “The Transnational Ruling Class” - the Level below the Absolute Top

Posted By Anders On September 7, 2012 @ 00:05 In English, Euromed | No Comments

Summary: The world is ruled by 6-7000 elitists. 1000 billionaires among them have twice as much wealth as the 2.5 billion of the least wealthy people. They are made up from the highest levels of finance capital, the transnational corporations, governments, the military, colleges, non-governmental organizations, spiritual leaders and other shade-elitists. These far less than 1 percent of mankind dominate global elitists´ PR firms and the mass media. They have impact on about ten trillion dollars in cash and resources and control the working lives of many hundreds of thousands of people.

94 per cent are males, mainly whites and mainly from North America and Europe. These are the people that set the agenda of the Trilateral Commission, the Bilderberg Group, G-8, G-20, NATO, the World Bank and the World Trade Organization.

147 corporations control 40% of global wealth through interlocking. The role of elitists  is being illustrated by 2 examples - one from the extractor and one from the financial industry.

The interlocking of corporate CEOs  makes them , all in all, the de facto ruling class of the capitalist world. But you can also say they are the selected, super-rich, obedient, trained dogs of the the handlers at the absolute top of the pyramid of power.
While they are growing constantly richer, 2.5 billion people worldwide live on less than 2 dollars a day and suffer from malnutrition - even in the UK, too. The elitists are living in constant fear of the day when the hungry, exploited, ignorant masses awake from their sheeples slumber and repeat the French and Bolshevik Revolutions. They have been delayed by the welfare state. However, now this sleeping aid is being withdrawn in the name of austerity. Therefore, they are expanding the police state.

The elitist agenda leads to the further pauperization of the poorest half of the world’s population and an unrelenting downward spiral of wages. It is a world facing economic crisis, where the neoliberal solution is to spend less on human needs and more on security.  It is a world of financial institutions run amok, where the answer to bankruptcy is to print more money through quantitative easing with trillions of new inflation-producing dollars. It is a world of permanent war, whereby spending for destruction requires even more spending to rebuild, a cycle that profits the TCC and its global networks of economic power. It is a world of drone killings, extrajudicial assassinations, and death and destruction, at home and abroad.

As Andrew Kollin states in State Power and Democracy, “There is an [1] Orwellian dimension to the Administration’s (Bush and later Obama) perspective, it chose to disregard the law.

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For what is a man profited, if he shall gain the whole world, and lose his own soul? (Matth 26:16).

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Documentation of Summary

osiris - horus  eye pyramidThe following is an excerpt of an analysis on who rules the Earth. Having dealt with the connection at the top of the pyramid  of power: the unholy alliance between Rothschild and Rockefeller in my [2] previous article, I shall now enter upon their first officers,  the CEOs and boards of their transnational corporative brotherhood.

[3] Prof. Peter Phillips and Kimberley Soeiro, Global Res. 14 Aug. 2012
We analyze how global networks of centralized power—the elite 1 percent, their companies, and various governments in their service—plan, manipulate, and enforce policies that benefit their continued concentration of wealth and power. We demonstrate how the US/NATO military-industrial-media empire operates in service to the transnational corporate class for the protection of international capital in the world.

Foremost among the early works on the idea of an interconnected 1 percent within global capitalism was Leslie Sklair’s 2001 book, The Transnational Capitalist Class. He writes: The transnational capitalist class can be analytically divided into four main fractions: (i) owners and controllers of Transnational Corporations (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 [transnational corporate class] 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.

[4] NWO-pyramidEstimates are that the total world’s wealth is close to $200 trillion, with the US and Europe holding[4] approximately 63 percent. To be among the wealthiest top 1 percnt, you have to possess more than $588,000 - after debt has been subtracted. As of 2010, the top 1 percent of the wealthist people in the world had hidden away between $21 trillion to $32 trillion in secret tax exempt bank accounts spread all over the world.[iv] Meanwhile, the poorest half of the global population together possesses less than 2 percent of global wealth. The World Bank reports that, in 2008, 1.29 billion people were living in extreme poverty, on less than $1.25 a day, and 1.2 billion more were living on less than $2.00 a day. Starvation.net reports that 35,000 people, mostly young children, die every day from starvation in the world. “Corporations Are Still Making a Killing from Hunger”: while farmers grow enough food to feed the world, [5] commodity speculators and huge [6] grain traders like Cargill control global food prices and distribution.

The Extractor Sector: The Case of Freeport-McMoRan (FCX)
Freeport-McMoRan (FCX) is the world’s largest extractor of copper and gold. The company controls huge deposits in Papua, Indonesia, and also operates in North and South America, and in Africa.  The Grasberg mine in Papua, Indonesia, employs 23,000 workers at wages below three dollars an hour.
Since 1991, Freeport has paid nearly thirteen billion dollars to the Indonesian government—one of Indonesia’s largest sources of income—at a 1.5 percent royalty rate on extracted gold and copper, and, as a result, the Indonesian military and regional police are in their pockets. Amnesty International has documented numerous cases in which Indonesian police have used unnecessary force and killings against strikers and their supporters. Similar strikes occurred in Peru. The Obama administration ignored the egregious violation of human rights  and instead advanced US–Indonesian military ties.

Freeport-McMoRan (FCX) chairman of the board James R. Moffett and Richard C. Adkerson, president of the board of FCX have a total compensation of $30.57 million each in 2010. Theiy are interconnected with the highest levels of power in the White House and the Pentagon. Its twelve-member board is a tight network of individuals who are interlocked with—and influence the policies of—other major companies controlling approximately $200 billion in annual revenues. They are also interconnected by board membership with over two dozen major multinational corporations, banks, foundations, military, and policy groups.
This process is protected by governments in various countries where Freeport maintains mining operations, with the ultimate protector being the military empire of the US and NATO.
Comment: [7] Deutsche Welle 17 Aug. 2012: In South Africa, the Police has killed at least 30 striking workers at a platinum mine belonging to the British Lonmin. The workers wanted their pay raised from 5,000 South African rand (489 euros, $605) per annum to 12,500 rand. [8] Lonmin´s board of directors have tremendously many relationsships.

The Investment Sector: The Case of BlackRock, Inc.
These firms often do not actually make anything except money, and are keen to prevent interference with return on capital by taxation, regulations, and governmental interventions anywhere in the world.

BlackRock, based in Manhattan, is the largest assets management firm in the world. As of March 2012, BlackRock manages assets worth $3.68 trillion. In addition to Freeport-McMoRan, BlackRock has major holdings in Chevron (49 million shares, 2.5 percent), Goldman Sachs Group (13 million shares, 2.7 percent), Exxon Mobil (121 million shares, 2.5 percent), Bank of America (251 million shares, 2.4 percent), Monsanto Company (12 million shares, 2.4 percent), Microsoft Corp. (185 million shares, 2.2 percent), and many more.

BlackRock manages investments of both public and private funds. One director is designated by Merrill Lynch; two directors, each in a different class, are designated by PNC Bank; two directors, each in a different class, are designated by Barclays; and the remaining directors are independent.

[9] A 2011 University of Zurich study, research reports that a small group of companies—mainly banks—wields huge power over the global economy (The Daily Mail 20 Oct. 2011). The study is the first to look at all 43,060 transnational corporations and the web of ownership between them. The research created a “map” of 1,318 companies at the heart of the global economy. The study found that 147 companies formed a “super entity” within this map, controlling some 40 percent of wealth. The top twenty-five of the 147 super-connected companies includes:

[9] Supercorporation1. Barclays PLC* 2. Capital Group Companies Inc. *3. FMR Corporation *4. AXA 5. State Street Corporation *6. J. P. Morgan Chase & Co.* 7. Legal & General Group PLC *8. Vanguard Group Inc. 9. UBS AG 10. Merrill Lynch & Co. Inc.* 11. Wellington Management Co. LLP *12. Deutsche Bank AG 13. Franklin Resources Inc. *14. Credit Suisse Group* 15. Walton Enterprises LLC 16. Bank of New York Mellon Corp *17. Natixis *18. Goldman Sachs Group Inc.* 19. T Rowe Price Group Inc.20. Legg Mason Inc. *21. Morgan Stanley *22. Mitsubishi UFJ Financial Group Inc. *23. Northern Trust Corporation *24. Société Générale *25. Bank of America Corporation*

BlackRock board members have direct connections to at least seven of the top twenty-five corporations that Vitali et al. identify as an international “super entity.”
Right: The 1,318 transnational corporations that form the core of the globalised economy - connections show partial ownership of one another, and the size of the circles corresponds to revenue. The companies ‘own’ through shares the majority of the ‘real’ economy

Analysis: Transnational Corporate Class and Global Power
The wealthiest 1 percent of the world’s population represents approximately forty million adults and approximately 100,000 have financial assets worth over thirty million dollars. Most of this 1 percent have professional jobs with security and tenure working for or associated with established institutions.

As seen in our extractor sector and investment sector samples, corporate elites are interconnected through direct board connections with some seventy major multinational corporations, policy groups, media organizations, and other academic or nonprofit institutions. Both represent vast networks of resources concentrated within each company’s board of directors. The short sample of directors and resources from eight other of the superconnected companies replicates this pattern of multiple board corporate connections, policy groups, media and government, controlling vast global resources resulting in a highly concentrated and powerful network of individuals who share a common interest in preserving their elite domination.

A sense of a collective “we” emerges within such power networks, whereby members think and act in unison, not just for themselves and their individual firms, but for a larger sense of purpose—the good of the order, so to speak.
Transnational corporate boards meet on a regular basis to encourage the maximunization of profit and the long-term viability of their firm’s business plans. If they arrange for payments to government officials, conduct activities that undermine labor organizations, seek to manipulate the price of commodies (e.g. gold), or engage in insider trading in some capacity, they are in fact forming conspiratorial alliances inside those boards of directors. Our sample of thirty directors inside two connected companies have influence with some of the most powerful policy groups in the world, including British–American Business Council, US–Japan Business Council, Business Roundtable, Business Council, and the Kissinger Institute. They influence some ten trillion dollars in monetery resouces and control the working lives of many hundreds of thousands of people. All in all, they are the de facto ruling class of the capitalist world.

Moreover, this 1 percent global elite dominates and controls public relations firms and the corporate media. Four of the thirty directors in our two-firm sample are directly connected with public relations and media. Global corporate media protect the interests of the 1 percent by serving as a propaganda machine for the superclass to maintain illusions of hope and to divert blame from the powerful for hard times. [10] Davis-rothkopf

[11] David Rothkopf, former managing director of Kissinger Associates and deputy undersecretary of commerce for international trade policies, published his book “Superclass: The Global Power Elite and the World They Are Making”, in 2008. According to Rothkopf, the superclass constitutes approximately 0.0001 percent of the world’s population, comprised of 6,000 to 7,000 people. 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. These are the people setting the agendas at the [12] Trilateral Commission, The [13] Bilderberg Group, G-8, The [14] G-20, and [15] NATO, the World Bank, and the [16] World Trade Organization. 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.

1,000 billionaires have twice as much wealth as the 2.5 billion least wealthy people, and they are fully aware of the vast inequalities in the world. The billionaires and the global 1 percent are similar to colonial plantation owners. They know they are a small minority with vast resources and power, yet they must continually worry about the unruly exploited masses rising in rebellion. As a result of these class insecurities, the superclass works hard to protect this structure of concentrated wealth. Fears of  inequality rebellions and other forms of unrest motivate NATO’s global agenda in the [17] war on terror.
It has become clear that the superclass uses NATO for its global security…for the protection of international capital anywhere in the world.

Furthermore, this agenda leads to the further pauperization of the poorest half of the world’s population and an unrelenting downward spiral of wages. It is a world facing economic crisis, where the neoliberal solution is to spend less on human needs and more on security. It is a world of financial institutions run amok, where the answer to bankruptcy is to print more money through quantitative easing with trillions of new inflation-producing dollars. It is a world of permanent war, whereby spending for destruction requires even more spending to rebuild, a cycle that profits the TCC and its global networks of economic power. It is a world of drone killings, extrajudicial assassinations, and death and destruction, at home and abroad.

As Andrew Kollin states in State Power and Democracy, “There is an [1] Orwellian dimension to the Administration’s (Bush and later Obama) perspective, it chose to disregard the law.


Article printed from Euro-med: http://euro-med.dk

URL to article: http://euro-med.dk/?p=27881

URLs in this post:
[1] Orwellian dimension : http://euro-med.dk/?p=26609
[2] previous article: http://euro-med.dk/?p=27858
[3] Prof. Peter Phillips and Kimberley Soeiro, Global Res. 14 Aug. 2012: http://www.globalresearch.ca/index.php?context=va&aid=32356
[4] Image: http://euro-med.dk/bil/billedernwo-pyramid3.jpg
[5] commodity speculators : http://euro-med.dk/?p=23629
[6] grain traders : http://euro-med.dk/?p=13656
[7] Deutsche Welle 17 Aug. 2012: http://www.dw.de/dw/article/0,,16173948,00.html
[8] Lonmin´s board of directors: http://investing.businessweek.com/research/stocks/people/board.asp?ticker=LMI:LN
[9] A 2011 University of Zurich study, research reports that a small group of companies—mainly banks—wields huge power over the global economy (The Daily Mail 20 Oct. 2011: http://euro-med.dk/bil/billedersupercorporation1.jpg
[10] Image: http://euro-med.dk/bil/billederdavis-rothkopf2.jpg
[11] David Rothkopf: http://www.woz.ch/0926/die-super-klasse/wem-gehoert-die-welt
[12] Trilateral Commission: http://euro-med.dk/?p=528
[13] Bilderberg Group: http://euro-med.dk/?p=20326
[14] G-20: http://euro-med.dk/?p=7795
[15] NATO: http://euro-med.dk/?p=5194
[16] World Trade Organization: http://euro-med.dk/?p=12051
[17] war on terror: http://euro-med.dk/?p=24012