October 20, 2015
By Peter Phillips
Globalization of trade and central banking has propelled private corporations to positions of power and control never before seen in human history. Under advanced capitalism, the structural demands for a return on investment require an unending expansion of centralized capital in the hands of fewer and fewer people. The financial center of global capitalism is so highly concentrated that less than a few thousand people dominate and control $100 trillion of wealth.
The few thousand people controlling global capital amounts to less than 0.0001 percent of the world’s population. They are the transnational capitalist class (TCC), who, as the capitalist elite of the world, dominate nation-states through international trade agreements and transnational state organizations such as the World Bank, the Bank for International Settlements, and the International Monetary Fund.
The TCC communicates their policy requirements through global networks such as the G-7 and G-20, and various nongovernmental policy organizations such as the World Economic Forum, the Trilateral Commission, and the Bilderberger Group. The TCC represents the interests of hundreds of thousands of millionaires and billionaires who comprise the richest people in the top 1 percent of the world’s wealth hierarchy.
The TCC are keenly aware of both their elite status and their increasing vulnerabilities to democracy movements and to unrest from below. The military empire dominated by the US and the North Atlantic Treaty Organization (NATO) serves to protect TCC investments around the world. Wars, regime changes, and occupations performed in service of empire support investors’ access to natural resources and their speculative advantages in the market place.
When the empire is slow to perform or faced with political resistance, private security firms and private military companies (PMC) increasingly fulfill the TCC’s demands for the protections of their assets. These protection services include personal security for TCC executives and their families, protection of safe residential and work zones, tactical military advisory and training of national police and armed forces, intelligence gathering on democracy movements and opposition groups, weapons acquisitions and weapon systems management, and strike forces for military actions and assassinations.
The expanding crisis of desperate masses/refugees, alienated work forces, and environmental exhaustion means an unlimited opportunity for PMCs to engage in protections services for the global elite.
Estimates are that over $200 billion a year is spent on private security employing some fifteen million people worldwide. G4S is the largest PMC in the world with 625,000 employees spanning five continents in more than 120 countries. Nine of the largest money management firms in the world have holdings in G4S. Some of its more important contractors are the governments of the UK, the US, Israel, and Australia. In the private sector G4S has worked with corporations such as Chrysler, Apple, and Bank of America. In Nigeria, Chevron contracts with G4S for counterinsurgency operations including fast-response mercenaries. G4S undertakes similar operations in South Sudan, and has provided surveillance equipment for checkpoints and prisons in Israel and security for Jewish settlements in Palestine.
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