by Peter Phillips
Amazon's skyrocketing growth makes
Jeff Bezos, the world's richest
person with an $160 billion net worth.
These firms are all
directly invested in each other, making them a huge cluster of
centralized capital managed by just 199 people, who decide how and
where that wealth will be invested.
...and most of the other
trillion-dollar Giants and many others who hold 58.6% of Amazon
These elites interact through non-governmental policy-making organizations - privately funded by large corporations - that include,
Their role is to facilitate, manage, and protect the 'free flow' of global capital.
They do this by providing policy recommendations and instructions to,
...and transnational governmental groups including,
The biggest problem
global power elite investors face is that they have more capital
than there are safe investment opportunities, which leads to risky
speculative investments, permanent war spending, and the
privatization of the public commons.
So, while the global power elite can 'manifest' a Bezos, they cannot or will not address the crisis of inequality and mass death in the world today.
In 2017, 2.3 million new millionaires were created, bringing the total number of millionaires around the globe to more than 36 million. These millionaires represent 0.7 percent of the world's population and they control more than 47% of global wealth...
At the same time, the
world's bottom 70 percent only control 2.7% of the total wealth.
Without significant corrective adjustments by the global power elites, mass social movements and rebellions, coupled with environmental collapse, will inevitably lead to global chaos and widespread war.
We must institute a
simple guiding principle of thinking of the future of our
grandchildren and their grandchildren when making decisions about
the use of global capital resources.
As the United Nations was forming, a Commission on the moral principles necessary for sustainable peace, made up of eighteen nations, met at Hunter College in New York City in 1946. They began what two years later would become the Universal Declaration of Human Rights, approved unanimously by the United Nations in December 1948.
The Universal Declaration of Human Rights is a document that social movements can easily adopt as a statement of moral principles for actions of resistance to wealth concentration and global inequality.
It is equally important
as a document of principles for the global power elite to use as a
guide for corrective actions needed in the world today.
We need to pressure global capital elites to step up and insure that trickle-down becomes a river of resources that reaches every child, every family, and all human beings.
These changes are required for nothing less than humanity's long-term survival...