The Transnational Capitalist Class Part I
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In 2011, the Great British Class Survey was conducted, in collaboration with academics from the University of Manchester, the London School of Economics, and the University of York. The British have always been obsessed with class, so it is not surprising that British academics would attempt something of this nature.
The survey polled 161,400 people, and in a fit of obviousness, they concluded, “We demonstrate the existence of an ‘elite’, whose wealth separates them from an established middle class.”
They also concluded that class distinctions had broadened into a multitude of seven classes. This is an expansion of the Marxist model of class division of capitalists and workers that has dominated academic circles for at least a hundred years.
According to Karl Marx:
Capitalist bourgeoisie — If you control the means of production this is you.
Worker — Oppressed and exploited proletariat with no control of the means of production. Sells his or her labor for profit.
The survey included “unusually detailed questions based on social, cultural and economic capital.”
For the economic capital section, the survey asks how much money you make and how much money you have in the bank, plus the value of your house.
Secondly, to determine your cultural capital, it asks what kind of cultural activities you participate in. This is based on high brow culture—preference for interests such as classical music, historic architecture, museums, art galleries, jazz, theatre and French restaurants. And the other, for emergent culture—appreciation and participation in such activities as video games, social networking, sports, hanging out with friends, working out at the gym, and rap or rock concerts.
Thirdly, social capital was measured using the position generator originated by Nan Lin, an American sociologist, in 2001, which measures the range of social connections. People were asked if they knew anyone in several dozen occupations.
Seven Classes
The study found there are seven distinct classes:
a wealthy elite
a prosperous salaried middle class consisting of professionals and managers
a class of technical experts
a class of new affluent workers
an aging traditional working class
a ‘precariat' characterized by very low levels of capital and ongoing precarious economic insecurity
a group of emergent service workers
This is an incomplete list in my humble opinion, because it fails to mention the homeless who are a separate class of non-persons, comparable to the Dalit caste in India. Homeless people have virtually no rights and squeeze out a fragile existence as urban nomads.
The most interesting group #6, the precariat, are the working poor who often fall into homelessness, when things go sideways in the economy and in their personal lives. The word precariat is a neologism of the words precarious and proletariat, coined by economist, Guy Standing, in his book, The Precariat: The New Dangerous Class.
The survey claims that the Elite class has a “mean household income of $152,000, almost double that of the next highest class, and the average house price is $556,000, considerably higher than any other class.” However, this elite class is only the upper middle class. The real elites make far more money than a meagre $152,000 per year. Many of them make that much in a day.
Other sociologists have gone further to sub-divide the wealthy into several categories:
Millionaires or High-Net-Worth Individuals (HNWI) - those with $1 million or greater in investible assets. There are approximately 15 million HNWIs in the world according to the World's Wealthiest Cities Report 2023 by Henley & Partners.
Multimillionaires or Ultra-High-Net-Worth-Individuals (UHNWI) - those with $30 million or greater net worth. There are 211,275 UHNWI individuals in the world, with a total combined net worth of US$29.7 trillion.
Billionaires - According to Forbes, there are 2,640 billionaires in the world who are collectively worth about $12 trillion. The number of billionaires has been doubling every 10 years. In 2013, there were 1426 billionaires, worth $5.5 trillion. In 2003, there were 476 billionaires worth just $1.4 trillion.
Trillionaires - This class does not even exist in the media or academic circles. Above the billionaire class are the invisible trillionaires, who are never mentioned by Forbes, or any other list of the wealthy. Nobody really knows how much they are worth. Generally speaking, it is assumed by the alternative community, that people like the Rothschilds and the Rockefellers are at the top of this list, and the best guess is that there are about 300 trillionaire families at the top of the heap.
These families are mostly American, British and European aristocracy, with a handful of Russian oligarchs and Hong Kong Chinese thrown in for good measure. They include the DuPont, Astor, Cabot, Oppenheimer, Schiff, Warburg, Russell, Onassis, Morgan, Kennedy, Bush, Clinton, Vanderbilt, and virtually, the entire European monarchy.
One example of the interconnectedness of the TCC should help show the incestuous nature of the global aristocrats.
George John Godolphin Spencer-Churchill, Marquess of Blandford
“George John Godolphin Spencer-Churchill, Marquess of Blandford (born July 28, 1992), styled as Earl of Sunderland until 2014, is a British aristocrat and polo player. He is a model and brand ambassador for La Martina, an Argentine polo clothing and accessories company. As the heir apparent to the Dukedom of Marlborough, he uses the courtesy title of Marquess of Blandford.
He is the eldest surviving son of the 11th Duke of Marlborough and his first wife, Susan Mary Hornby. As a member of the Spencer family, he is a distant relative of the war-time Conservative Prime Minister Sir Winston Churchill and of Diana, Princess of Wales, born Lady Diana Spencer. He is also a stepbrother of the late Christina Onassis, who was the stepdaughter of former First Lady Jacqueline Kennedy Onassis, who was once married to U.S. President John F. Kennedy, by the second marriage of his father with Athina Livanos Onassis Niarchos. He is also a descendant of the prominent American Vanderbilt family through his great-grandmother Consuelo Vanderbilt.”
[from Wikipedia]
Hoover Vacuum
This elite class of families are a Hoover vacuum that have crawled over the whole planet, vacuuming up enormous wealth in the last couple of decades. The economic crisis of 2008 and the pandemic of 2019 created opportunities for the uber wealthy to buy up more property, banks, real estate and stocks.
Another study conducted in 2011 by the University of Zürich applied mathematical models to the top 43,060 transnational corporations. The study concluded that a “super-entity” of 147 corporations control 40% of the world’s wealth. These corporations exhibit very high levels of interconnectedness—directors sit on multiple boards and each of these corporations have heavily invested $403 billion in each other. Out of these 147, the top 17 have $41.1 trillion in assets and operate in virtually every nation on Earth.
The majority of these corporations are American, and most are financial institutions.
The Transnational Capitalist Class
Referring to the upcoming WEF in 2024, Tracy Francis, a senior partner at management consulting firm, McKinsey & Co, claims the value of the Davos meeting is in “the human interaction of a multitude of different types of entities—start-ups, nonprofits, governmental organizations, business. There’s a lot of talk about a new world order, but I do think that just being together in person and exchanging ideas increases connectivity.”
Davos is the yearly conclave for the Transnational Capitalist Class (TCC), a term coined by Leslie Sklair, in his book of the same title. The strength of the TCC lies not only in their phenomenal wealth, but in their ability to interconnect and create think tanks and policy-making networks. The Transnational Institute describes the main purpose of the World Economic Forum is “to function as a socializing institution for the emerging global elite, globalization's “Mafiocracy” of bankers, industrialists, oligarchs, technocrats and politicians. They promote common ideas, and serve common interests: their own.”
The WEF has forged an agreement with the United Nations to “accelerate the implementation of the 2030 Agenda for Sustainable Development” by deepening institutional coordination and collaboration between the UN and the WEF. Much more disturbing is that the agreement grants transnational corporations preferential and deferential access to the UN System at the expense of States and public interest actors.
This “preferential access,” gives corporations special oversight privileges, making them, in conjunction with the WEF, a higher executive authority. “This agreement between the UN and WEF formalizes a disturbing corporate capture of the UN. It moves the world dangerously towards a privatized and undemocratic global governance,” said Gonzalo Berrón of the Transnational Institute.
Stakeholder Capitalism
Contrary to the epic rants of many in the alternative community, who swear on their grandmothers’ graves, that we are experiencing a global communist takeover—what is actually happening is the creation of a transnational capitalist techno-state.
Klaus Schwab, the author and finisher of Stakeholder Capitalism (not Stakeholder Communism) has been advocating his peculiar brand of capitalism for five decades. Communism is when the workers control the means of production. Capitalism is when the capitalists control the means of production. (see above)
Schwab and the World Economic Forum portray Stakeholder Capitalism in warm and fuzzy tones:
“The stakeholder model Schwab suggests, is one where government, business, and individuals collaborate.”
“Various stakeholders of an economy don’t only look after their own interests, but that of society as whole, leading to a system of stakeholder capitalism”.
Stakeholder Capitalism is essentially the attempt to bring all the stakeholders to the bargaining table. The World Economic Forum is the bargaining table. The stakeholders are any individual, corporation, nation, city, NGO or entity with wealth, power and global influence. Some of the main institutions that sit at the table are the UN, World Bank, BIS, IMF, G20, WHO and NATO.
This week, January 15-19, the WEF syndicated crime extravaganza will go down in Davos, Switzerland. Approximately 3000 stakeholders will fly in private jets to attend the annual conclave. According to the WEF website, members will include:
60 heads of state (national crime bosses)
all major international organizations (private control grid)
the Forum’s 1000 partners-in-crime
as well as civil society leaders (gangsters-in-training)
foremost experts (paid liars)
young changemakers (useful idiots)
social entrepreneurs (propaganda artists)
and the (always compliant) media
This transnational oligopoly of crime bosses will sit with Godfather Klaus Schwab. They will schmooze, plot and scheme, and finally, come to agreements on a multitude of global policy issues that will impact the future of our planet. None of these policy decisions will have any consultation with the public. In fact, most of these decisions will be made in back-door meetings. The public will not even be informed of the existence of these policies, until after these agreements are signed and ratified by orgs like the United Nations, WHO, and the G20.
[Stay tuned for Part II]
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