+ The top thousandth (the 0.1 percent, not just the 1 Percent) possesses more wealth than the bottom U.S. 90 percent and three absurdly rich U.S.-Americans – Jeff Bezos, Bill Gates, and Warren Buffett – possess more wealth between them than the bottom half of the country.
+ The nation’s 540 billionaires enjoy lives of unimaginable opulence while 15 million children – 21% of all U.S. children – live in families with incomes below the federal poverty threshold, a measurement that has been shown to be drastically below the minimally adequate family budgets families require to meet basic expenses.
+ “Government policy,” as two leading political scientists have demonstrated, “reflects the wishes of those with money, not the wishes of the millions of ordinary citizens who turn out every two years to choose among the preapproved, money-vetted candidates for federal office.”
+ Economic power is so concentrated you can count on one hand and one finger the multi-trillion-dollar financial institutions that control the nation’s economic and political life: Citigroup, Goldman Sachs, JP Morgan Chase, Wells Fargo, Bank of America, and Morgan Stanley.
+ a third of workers make less than $12 an hour ($24,960 a year assuming full-time work) and 42% get less than $15 ($31,200 a year) and 7 million people are three months or more behind on their par payments.
+ Six corporations – Comcast, FOX, Disney, Viacom, CBS, and AT&T – together own more than half of U.S. print, film and electronic media while three Internet giants Google, Facebook, and Amazon rule online communication and shopping.
+ Black median household wealth is equal to 8 cents on the white median household wealth dollar.
+ One in every 10 Black men is in prison or jail on any given day and 1 in 3 Black adult males are saddled with the permanent crippling mark of a felony record.78% of U.S. workers who live from paycheck to paycheck.
The global 1%, comprised of over 36-million millionaires and 2,400 billionaires, employ their excess capital with investment management firms like BlackRock and J.P Morgan Chase. The top seventeen of these trillion-dollar investment management firms controlled $41.1 trillion dollars in 2017. These firms are all directly invested in each other and managed by only 199 people who decide how and where global capital will be invested. Their biggest problem is they have more capital than there are safe investment opportunities, which leads to risky speculative investments, increased war spending, privatization of the public domain, and pressures to open new capital investment opportunities through political regime changes.
Power elites in support of capital investment are collectively embedded in a system of mandatory growth. Failure for capital to achieve continuing expansion leads to economic stagnation, which can result in depression, bank failures, currency collapses, and mass unemployment. Capitalism is an economic system that inevitably adjusts itself via contractions, recessions, and depressions. Power elites are entrapped in a web of enforced growth that requires ongoing global management and the formation of new and ever expanding capital investment opportunities. This forced expansion becomes a worldwide manifest destiny that seeks total capital domination in all regions of the earth and beyond.
Sixty percent of the core 199 global power elite managers are from the US, with people from twenty capitalist nations rounding out the balance. These power elite managers and associated one percenters take active part in global policy groups and governments. They serve as advisors to the IMF, World Trade Organization, World Bank, International Bank of Settlements, Federal Reserve Board, G-7 and the G-20. Most attend the World Economic Forum. Global power elites engage actively on private international policy councils such as the Council of Thirty, Trilateral Commission, and the Atlantic Council. Many of the US global elites are members of the Council on Foreign Relations and the Business Roundtable in the US. The most important issue for these power elites is protecting capital investment, insuring debt collection, and building opportunities for further returns.
The global power elite are aware of their existence as a numerical minority in the vast sea of impoverished humanity. Roughly 80% of the world’s population lives on less than ten dollars a day and half live on less than three dollars a day.This concentration of wealth leads to a crisis of humanity, whereby poverty, war, starvation, mass alienation, media propaganda, and environmental devastation have reached levels that threaten humanity’s future.