Sunday, Sept. 15th, 2024 at 1:00pm PT
Book Passage Corte Madera
51 Tamal Vista Blvd., Corte Madera, CA
(415) 927-0960
In his new book, acclaimed scholar Peter Philips shows how fewer and larger investment companies now manage the wealth of the world’s super-rich, to the detriment of everyone else and the global environment.
In TITANS OF CAPITAL: HOW CONCENTRATED WEALTH THREATENS HUMANITY (The Censored Press & Seven Stories Press, September 10, 2024, paperback, Foreword by Dan Kovalik), political sociologist Peter Philips takes us deep into the world of the transnational finance companies whose outsize influence undermines everything from our environment to our democracy to our basic human rights. These firms have extracted record profits from their investments. Fidelity Investments, Vanguard, Blackrock, and Morgan Stanley are a few of the better known companies quietly remaking the world for the benefit of the ultra-rich and the protection of capitalism. Philips’ in-depth study offers precise (and staggering) figures for just how much wealth these firms control and how they invest it in projects that enrich the few at the expense of the many. He examines the networks, political activity, investments, and propaganda efforts of 117 board members of these firms—"the Titans”— a new global elite who wield nearly unchecked power and whose wealth only grew with the pandemic.