A new book, “Titans of Capital,” shows how the 0.05 percent concentrate wealth by investing in industries of mass death.
The BlackRock logo is displayed on the exterior of a BlackRock office on July 15, 2024 in San Francisco, California.The top 10 asset management firms now control $50 trillion of global wealth. They answer to no one but the ultrarich — the 0.05 percent — whose fortunes they continue to expand. The rest of us pay the price.
The number of trillion and multitrillion-dollar capital investment management companies has nearly doubled from 17 in 2017 to 31 in 2022, now collectively managing over $83 trillion. These firms hold the core of global capital wealth, with the top 10 managing $50 trillion in combined assets.I show how wealth inequality and power imbalances continue to grow and threaten everything from democracy to the environment to our personal health.
Their influence on virtually every aspect of our world is staggering. Global inequality is never accidental; rather, it’s a deliberate circumstance encouraged, maintained, and controlled by Titan elites via capital investment decisions and policy organizations funded primarily by Titan capital. The top 10 capital investment companies extensively cross-invest in each other. Cross-investments between the top 10 firms amounted to $320.52 billion in 2022.
Twenty-four million Americans are alcoholics who drink an average of 74 drinks a week, resulting in liver cirrhosis, cancer and cardiovascular diseases. Ten percent of American drinkers consume half of all the alcohol sold. Titans profit from investments of over $60 billion in the world’s top six alcohol producers, leading to millions of deaths annually.
Many people only know of the World Economic Forum because of its annual meeting in Davos, Switzerland. You take an in-depth look at the Forum’s history and its influence. What are a few things everyone should know about the WEF? A network analysis examining extensive ties among global elites was published by Sandra Navidi in her 2017 book,. Navidi is the founder and CEO of BeyondGlobal, where she provides macroeconomic and strategic planning to global investment elites.
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