THE ENEMY; The Global Power Elite
The global 1% comprise over 36 million millionaires, and 2,400 billionaires who employ their excess capital with investment management firms like BlackRock and J.P Morgan Chase. The top 17 of these trillion-dollar investment management firms—which I call the Giants— controlled $41.1 trillion dollars in 2017. These firms are all directly invested in each other and managed by only 199 people who are the decision makers on 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, and the privatization of the public commons.
