Sometimes I come across an article that just needs more exposure because it says so well what is happening in this world.
William Chirolas -- World News Trust
March 27, 2007 -- Sometimes I come across an article that just needs more exposure because it says so well what is happening in this world.
This article: Global Ruling Class: Billionaires and How They ‘Made It,’ by Prof. James Petras, is an excellent summary of how we got to a world so tightly controlled, and so solely for the benefit of the rich and corporate elite.
From Boris Yeltsin and his U.S.-directed economic advisers, Anatoly Chubais and Yegor Gaidar, sending a trillion dollars off to those with the correct politics (meaning not the former Communist leaders), causing an 80 percent decrease in the Russian standard of living despite the Communist era mines, factories and energy enterprises (contrary to what our media tries to tell us about communist inefficiency) having been profitable and competitive before they were taken over, and remaining so under the new oligarchs... to the U.S./IMF/World Bank establishing 38 families to economically rule Latin America, this is one of those times when all I can say is please read this article:
Global Ruling Class: Billionaires and How They ‘Made It’
by Prof. James Petras Global Research, March 23, 2007, James Petras Website
The Frontiers of Capitalism:
"The total wealth of this global ruling class grew 35 percent year to year, topping $3.5 trillion, while income levels for the lower 55 percent of the world's 6-billion-strong population declined or stagnated. Put another way, one hundred millionth of the world's population (1/100,000,000) owns more than over 3 billion people.
"Contrary to European and U.S. publicists on the right and left, very few of the top former Communist leaders are found among the current Russian billionaire oligarchy. Secondly, contrary to the spin-masters' claims of 'communist inefficiencies,' the former Soviet Union developed mines, factories, energy enterprises that were profitable and competitive before they were taken over by the new oligarchs.
"If blood and guns were the instruments for the rise of the Russian billionaire oligarchs, in other regions the Market, or better still, the U.S.-IMF-World Bank-orchestrated Washington Consensus was the driving force behind the rise of the Latin American billionaires.
"Countries of 'surging billionaires' produce burgeoning poverty, submerging living standards. The making of billionaires means the unmaking of civil society the weakening of social solidarity, protective social legislation, pensions, vacations, public health programs and education."
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William Chirolas brings 40 years of real-world business experience in local, state, national, and international tax, pensions, and finance to the world of blogging. A graduate of MIT, he calls the Boston area home, except when visiting kids and grandkids. He can be reached at: This email address is being protected from spambots. You need JavaScript enabled to view it.