by Peter Philips, author of the book, Giants: The Global Power Elite, says that the one percent own half of the wealth in the world and they have run out of places to re-invest their money. If you think about it, if you make a profit and keep re-investing that profit to make even more profit you are eventually going to run out of places to invest it.To find new places to invest their money the One Percent have got the IMF to force countries to privatise their public services and infrastructure, which is known as Neoliberalism.Looking for new investments the One Percent are also fast using up all the world's resources and this is causing catastrophic climate change.War is extremely profitable so the elite have put a lot of their money into the Military -industrial -complex, and so we have
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To find new places to invest their money the One Percent have got the IMF to force countries to privatise their public services and infrastructure, which is known as Neoliberalism.
Looking for new investments the One Percent are also fast using up all the world's resources and this is causing catastrophic climate change.
War is extremely profitable so the elite have put a lot of their money into the Military -industrial -complex, and so we have never ending war.
Peter Philips is hoping the One Percent will come to their senses and realise that this can't go on forever because it is destroying the planet. He is hoping that some of them will read his book.
Peter Phillips, the author of the book, "Giants: The Global Power Elite," examines the roles and networks of the world's richest and most powerful. This class is no longer bound to national concerns, only to the expansion of its own power, says Phillips