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The first sample “chapter” has been completed, in its rough draft form. Now begins the process of editing. As per usual, the chapter is obscenely long, 137 pages in total. And so the editing process will either trim it down (by roughly 100 pages), or it will simply be published as a series of samples from multiple chapters throughout the book, which is the general intention of the introduction anyhow.
But within the 137 pages a great deal of areas are covered in at least some detail, serving as an introduction to multiple subjects which will be the focus of the first book in this series, including: the influence of corporate and financial dynasties, the concentration of ownership and influence among dynasties, individual oligarchs and institutions within what are broadly called “financial markets”; the nature of power politics and empire, with the central role of states and political authority in the exercise of that power; the realm of economic and financial diplomacy and governance (finance ministers, central bankers, international technocrats); the construction of a system of global governance through economics; the institutions and forums through which globalized power is exercised, from think tanks like Bilderberg and the Trilateral Commission, to industry associations and lobby groups like the Institute of International Finance and the Group of Thirty, and political forums of financial diplomats and heads of state, such as the Group of Five, the G-10, Group of Seven and G-20; the gangster state power politics that lies behind the veneer of China’s totalitarian technocracy; and much more!
The approach and influences to discussing these issues of power politics, Mafiocracy and the Empire of Economics is a mix of a linguistic-rhetorical critique drawing heavily from George Orwell and Noam Chomsky (with a focus on the uses and abuses of ‘political language’ and ‘Mafia principles’, though applying these concepts more to finance and economics than politics and foreign policy), as well as a mix of Machiavelli’s ‘The Prince’, written as a clear and concise examination of power as it exists (as opposed to power in theory). Machiavelli dedicated his book to the first financial dynasty of the modern world, the Medici family, whom he had long advised, among princes, popes and others. His intention was to analyze the realities of power and strategy, to speak plainly and purposefully in an effort to support those institutions and individuals of authority. I am trying to bring a similar approach to discussing power, though with opposite intentions: to expand the understanding and support the development of strategy among the wider population, mixing an anarchistic approach to revolution with a pragmatic understanding of power.
I am hoping that the editing process for this first chapter (or multiple samples) will be completed this week, and published almost immediately thereafter, I shall keep you readers updated on progress.
Thanks again for all the support.
Andrew Gavin Marshall
Power Politics, Mafiocracy and the Empire of Economics
As a brief update, I have raised more than stated goal of $500 to finance the completion of the first chapter of my book on, ‘Power Politics, Mafiocracy and the Empire of Economics’. I would like to thank all those who have generously donated to supporting my research and writing. This really would not be possible without your contributions and support, so thank you!
I am currently well into writing the first draft of the first chapter of the book, which I still have to finish and subsequently edit (a great deal!). The chapter is designed to serve as a rough introduction to the subjects and themes of the book(s) to follow, an examination of the power politics that lie behind the public pronouncements and posturing of politicians, the behind-the-scenes financial and corporate dynasties who wield immense influence and indirect power, the modern-day Machiavellis who serve as conduits and collaborators between dynastic and oligarchic groups and the ruling political and state power structures.
The book is a collection of stories about a system of Empire built largely upon economics and finance, the institutions and individuals who rule in public and private, their games of power politics, balancing cooperation with competition in what can be described as Globalization’s ‘Game of Thrones‘. Henry Kissinger, the glorified errand boy (modern-day Machiavelli) to the global Mafiocracy, told President Ford in 1975 that, “the trick in the world today is to use economic to build a world political structure.”
This book is that story. The first chapter provides a glimpse at the cast of characters, the key locations, influential institutions and events which have come to characterize power in the modern world.
Upon its completion, the first chapter will be made available for all to read online, in order to promote the book and further fundraising, so that readers and supporters (and newcomers) can get a glimpse at the kind of research and writing their support contributes to.
Thank you, once again.
Andrew Gavin Marshall
Global Financial Diplomacy and the Empire of Economics
By: Andrew Gavin Marshall
30 March 2015
The world of Global Financial Governance and Diplomacy is a world of empire, power politics, colonialism, war and destruction. Its brutal functions are veiled behind the dull, technocratic language of economics and finance, obscuring behind rhetoric the realities of ideology, actions and effects. It is an empire built by war, waged not with bombs and bullets but with numbers on screens and other illusions. Through the flow, management and direction of money and debt (representing what we call ‘financial markets’), nations are raised up and pushed down, countries prosper and plunder, people are enriched and impoverished, societies are structured, shaped and dismantled.
At the center of this system are the banks, asset management firms, oligarchs and financial dynasties that together control the network – or cartel – of the Global Financial Mafia. A network of roughly 150 of the world’s largest financial institutions collectively control each other and a significant percentage of the network of the world’s largest 47,000 transnational corporations. This unprecedented global financial power concentrated in a relatively small list of banks, insurance companies and asset management firms is itself controlled by rich and powerful individuals and families: the core constituency of the world of Global Financial Governance.
As with every imperial system, a form of State Power is needed, as only nations have sovereign authority and accepted legitimacy. The global imperial system is multi-faceted and complex, though the most obvious areas of operation are in the ministries and departments of powerful nations concerned with foreign policy, military and defense, intelligence and ‘national security’. The largest military power in human history is the United States. Its foreign policy apparatus spans the globe, with hundreds of military bases in foreign nations, aircraft carriers, destroyers, air fields and fighter jets, entire fleets spread out across the Oceans. Large military occupations and bombing campaigns are waged by America (and its key allies) in the Middle East, Africa and Central Asia. Hundreds of millions live under the brutal authority of dictators and tyrants, propped up with money and weapons from the powerful nations. International Relations is, in truth, a lobotomized label to describe a game of empire and power politics.
It is an imperial system overseen and managed not simply by presidents and prime ministers, but by foreign ministers, Secretaries of State, defense ministers, intelligence and military chiefs. The foreign ministers promote the nation’s interests and policies abroad, working to build alliances with other nations and undermine those who defy the demands of the imperial power. If the diplomats are unable to solve the situation, the military and intelligence chiefs move to the front. Collectively, they strategize and implement policies designed to advance the imperial power interests of their home nation. It is a function and reality of all empires through history that there are official positions of authority dedicated to the planning and implementation of ‘foreign relations’, of protecting and advancing the interests of the empire. At times this calls for cooperation with other empires, at times it calls for competition, and at times it calls for conquering and occupation. It is an historical and present reality of Empire.
But distinct to the modern global imperial system – which is to say, distinct to the ‘democratic-capitalist’ system of nations – is the scope and structure of the financial and economic system of imperialism. It is a complex system, dominated by many – often conflicting and competing – interests, with state power being exercised by financial and economic diplomats: finance ministers, treasury chiefs, central bankers, trade ministers, and the heads of regional and international organizations.
Foreign and Defense Ministers are most concerned with the “stability” of the ‘international system.’ Stability, however, has a particular definition. In the case of empire, stability means that the interests of the imperial power are safe and secure. Occupied populations are passive, “friendly” dictators are secure in their positions, and Western corporations and banks are able to influence and profit off of foreign policies and programs. This is, by definition, a state of “stability.” Nations that do not follow the instructions (or “advice”) on how to govern their nations and behave in the international arena are seen as a threat to the ‘stability’ of the global system. Order, then, must be restored, even if it means through war.
Foreign policy officials are largely drawn from and frequently remain within the foreign policy establishment: influential universities, think tanks, foundations and research organizations that ‘educate’ and employ those who are interested in ‘foreign policy’. With individuals drifting back and forth from these institutions into government agencies, the foreign policy establishment shapes the ideology, language, objectives and policies of powerful nations. But because we live in the ‘post-colonial’ world, where outright declarations and endorsements of empire and imperialism are no longer publicly acceptable (as it was in past centuries), the language and rhetoric of foreign policy must be made inaccessible for most people to understand (for those without a proper ‘education’).
In nations or regions of imperial interest and action (which is to say, the entire world), foreign policy figures talk of destabilization, radicalization, threats to ‘national security’, attacks against democracy and freedom. Behind the ‘democratic’ rhetoric lies the brutal power politics that have guided nation states and empires since their origins: Who shall rule, and in what way, through what means, and to what ends?
As a corollary to the world of political diplomacy and the foreign policy establishment there is the world of financial diplomacy and the financial policy establishment. Finance ministers, central bankers and other technocrats are most worried about the threat to the global financial system, and above all else, declare their desire to see ‘stability’ and ‘growth’ in the global financial and economic system.
If the interests of ‘financial markets’ or the global economic system are not served by certain nations or regions, then the global financial diplomats do their best to integrate these regions into the ‘global system’. Over the decades and centuries, this system has extended its influence across most of the world. This is the system of Global Financial Governance, itself a product of and supported by the financial (and economic) policy establishment: universities, think tanks, foundations, and research organizations that ‘educate’ and employ the members of the economic establishment. Officials pass through these institutions into finance ministries, central banks and international organizations. And just as with the foreign policy establishment, the financial diplomats also integrate with and pass through the revolving doors between academia, think tanks, state institutions, international organizations, as well as to and from the boards of corporations and big banks, with larger paychecks, hefty financial holdings, shares, directorships and cushy consulting jobs, rewarded for their years of service to the financial and corporate world.
Just as in the foreign policy world, the world of financial diplomacy and economic policy must obscure its imperial interests and ambitions behind incomprehensible ‘technocratic’ rhetoric, understood only to those who have received the proper ‘education’ and ‘expertise’ to understand the complex world of economics and finance. They do not speak of empire, exploitation and domination, but of austerity, structural reform, deficit reduction, interest rate adjustment, labour flexibility and ‘market discipline’. They do not desire to control colonies, but rather, to foster the development of ‘market economies’. They speak not of threats to ‘national security’, but the threats of ‘market instability’. Their version of promoting ‘democracy’ and ‘freedom’ is to champion ‘free markets’ and ‘free trade’.
Financial diplomats do not send weapons or armies to tyrants and regions seeking to maintain and extend their influence and domination. Instead, they send money and teams of technocrats to advise and implement programs of ‘fiscal consolidation’ and ‘structural adjustment’ with the desire for stability and ‘growth’. They do not bomb and conquer; they privatize and deregulate. They do not occupy, they ‘consolidate’. They do not colonize, they ‘liberalize’.
Behind the words, terms and technical details, lies a world of empire and domination, power politics and colonization. It is a brutal, unforgiving world; far more advanced, globalized and institutionalized than its foreign policy counterparts. It is more directly connected and representative of the networked ‘core’ of the global financial system: concentrated corporate and financial power. For this reason, financial diplomats maintain regular contact and interaction with leading institutions and individuals who represent this core of financial power: the Global Financial Mafia.
It is this world of global financial diplomacy and governance – the financial policy establishment – and its related institutions and interests which is the chief focus of my upcoming book, and which will be the primary focus of a sample chapter I am currently raising funds to support. With a goal of $500, I have thus far raised $200 to support the writing of a sample chapter in a book on these subjects (and much more!). For an expanded list of topics to be discussed, please see this previous posting here.
The objective is to place the unnecessarily complex world of economic and finance in the context of its real-world role (as opposed to the fantasy world of its rhetoric and ideology): a world of empire, tyranny, colonization, conquering, mass destruction and control. Foreign ministers and politicians, military generals and intelligence chiefs are always concerned with the rumbling and rising masses of people in the world, the potential for revolutions and uprisings against tyrants long-supported by our “democratic” nations, armed to the teeth with aid from our “humanitarian” foreign policies. Finance ministers and central bankers are also concerned with the restless and rising populations around the world, with those who take to the streets, resist austerity, protest, riot, rebel and revolt against neoliberalism and the global financial order which takes so much from so many and gives to those who already have the most.
This is the Empire of Economics, a world ruled by a Mafiocracy, leaving mangled nations and impoverished populations in its wake, with billionaire bankers and private family dynasties dominating global wealth and the power that comes with it. In short, it is a world not unlike those that came before, but it is ours to understand and to take a stand if we hope to change it. If these subjects interest you, please consider making a donation to support my writing, and the completion of a sample chapter within the next month which I will make available for all to read.
Thank you kindly,
Andrew Gavin Marshall
Global Power Project: Bilderberg Group and the Tyranny of the Technocrats
By: Andrew Gavin Marshall
19 December 2014
Originally posted at Occupy.com
Bilderberg is an inherently technocratic institution. It brings together top “experts” and decision-makers from a number of important sectors to engage in off-the-record conversation, speaking a “common language” in order to help design and coordinate policies that more accurately represent the interests of concentrated power.
As such, Bilderberg not only serves a technocratic function, but it is also populated with a number of the world’s most influential technocrats who are members and invited guests: top officials of central banks, finance ministries, international organizations, think tanks, foundations and universities. Their participation in Bilderberg meetings provides them with a “private” forum in which to engage with the political, corporate and financial oligarchy. More concretely, Bilderberg meetings enable participants to promote the expansion and further institutionalization of technocracy. But to understand Bilderberg’s relevance to technocracy, let’s first define the concept.
What is Technocracy?
Technocracy is largely defined as “rule by experts,” or the exercise of power by “professionals.” As the Economist explained in 2011: “Technocracy was once a communist idea: with the proletariat in power, administration could be left to experts.” But the scientific management of society “was popular under capitalism too,” and the magazine noted there was even a prominent “Technocratic Movement” in the United States in the early 20th century.
The late 19th and early 20th century witnessed rapid industrialization, new oligarchies, mass migration, revolution, a clash of empires between old and new, emerging technologies and inventions, expanded literacy, new energy sources and novel forms of communication and transportation. It was an age of oligarchs and unrest. Many of the most powerful societies turned to technocracy to help manage the great transitions of the era. As the oligarchs sought to maintain their influence by institutionalizing it within society, they also while sought to manage the expectations and interests of the population: by engaging in social engineering with the objective of maintaining social control, or what the ruling class called “stability.”
Capitalist, Communist (or State-Socialist) and Fascist societies turned to technocracy and the rule of experts to transform the structure of modern civilization through a “scientific management” of human society – where oligarchic power is legalized and institutionalized, and the population gives its consent, or is at least its obedience, to the ruling structure.
The Chinese Communist Party and state is largely ruled by unelected technocrats, as are several military dictatorships and one-party states. On occasion, even Western “democratic” nations become ruled by unelected technocrats, though as the Economist noted, “only for a short time” and “in unusual circumstances.”
Recent examples include the imposition of technocratic governments in Italy and Greece, in late 2011 when democratically elected leaders were removed from power and replaced with economists and central bankers. Another recent example was in Ukraine, where, following the removal of the more pro-Russian president, the management of the government was handed to a former central banker.
Despite these exceptions of direct technocratic rule, there are technocratic institutions and individuals who oversee major parts of our society and determine important policies that have profound consequences for hundreds of millions, and often billions, of people around the world. Central banks, finance ministries, international organizations, think tanks, foundations and universities are all highly influential technocratic institutions, often managed by high-level technocrats and governed (or advised) by members of the financial and corporate oligarchy.
China’s Technocratic Tyranny
A November 2013 article in The Atlantic described Chinese politics as “a nightmare” for those who were “lovers of clear, concise language.” The author, Matt Schiavenza, cited the names of the top ruling body (Politburo Standing Committee), the major conference establishing policy and direction for the following years (Third Plenary Session of the 18th Party Congress), and the conference’s resulting document that promised to “comprehensively deepen reforms,” and argued: “Chinese politics are designed to attract as little attention as possible.”
The technicality and obscurity of the language serves to hide the exercise and effects of power behind an image of “expertise.” Only those who are experts in matters of law, finance, economics, political science, etc., are capable of understanding the language, and thus, the implications of its use. In China, the technocratic language of the Party and state hide the rule of not only the visible top technocrats, but of the powerful political and financial oligarchs and dynasties behind them.
China’s political and economic power is concentrated in the hands of a new aristocratic class of what are called “Princelings,” the descendants of Communist China’s revolutionary leaders. These leaders wielded formal political power, and after the turn to capitalism, from the late 1970s onward, the descendants of these families came to dominate the economic resources of the country. As Bloomberg noted, in China “wealth and influence is concentrated in the hands of as few as 14 and as many as several hundred families.”
For foreign businesses and banks to gain access to the Chinese market, the most effective means has been through the practice of hiring or establishing relationships with the Princelings. Major global banks, such as Deutsche Bank, Morgan Stanley, Goldman Sachs, Credit Suisse and others, frequently hire princelings in order gain access and influence within China’s leadership, since the relatives of princelings themselves govern the bureaucracies and state-owned industries, determining the flow of money through society.
JPMorgan Chase has been under investigation by the Securities and Exchange Commission (SEC) for its practice of hiring hundreds of princelings in China to gain access to its lucrative market. In the words of Bloomberg, these princelings have become China’s “new capitalist nobility.”
Wen Jiabao served as China’s prime minister for the decade leading up to 2012, and his family amassed billions in assets, a practice consistent for most (if not all) of China’s ruling political figures, including its new president, Xi Jinping. Almost all of the nine members of the ruling Politburo Standing Committee under the previous Chinese government were from families that amassed enormous fortunes and controlled entire areas of the economy, with corruption “more severe than at any time in history,” as the Financial Times quoted a veteran Communist Party member and journalist.
China is a one-party dictatorship with powerful military and security forces and high-tech surveillance. It is ruled by gangsters, oligarchs and technocrats. China is, essentially, a Mafiocracy. Yet the language of its technocratic form of governance obscures this reality behind the veneer of impartiality and expertise. Behind the scenes, gangsters rule and families feud.
This reality of Chinese politics was revealed in 2012 when one of China’s princelings and rising political stars, who was set to gain a seat on the Politburo Standing Committee in 2013, became the subject of a dramatic downfall worthy of the palace intrigue in ancient imperial China. Bo Xilai’s rise to power was turned into a life sentence in prison after his closest adviser sought asylum in a U.S. consulate, fearing for his life and telling the Americans that Bo Xilai’s wife had murdered a British banker in a hotel room with cyanide.
The fall of Bo Xilai and his family was not a subject the Chinese leadership wanted aired publicly. The popular attention and implications of the story were largely the result of social media being used by an increasing percentage of Chinese citizens. What was intended to be the behind-the-scenes factional power struggles of families vying for top-spots on the Politburo Standing Committee, spilled out into the public as the most dramatic news story since the Tiananmen Square massacre in 1989, and changed the course of Chinese politics.
It is also interesting to note that one of China’s top technocrats, Liu He, was invited to the Bilderberg meeting in 2014. In China, Liu He is one of President Xi Jinping’s top economic advisers, considered to be largely “pro-market” and seen as a prominent reformer. The Wall Street Journal described Liu He’s job as “nothing less than to craft an economic vision that will guide China for the decade to come.” He has also been referred to as “China’s Larry Summers.”
Technocracy in the West
Much like the powerful, dramatic and shocking figures and processes hiding behind the bland language of Chinese politics, the ambiguous language of global economics and finance hides its own ruthless realities. Behind the words and actions of central bankers, finance ministers and other top technocrats, we’re able to see countries collapse, governments overthrown, populations impoverished, societies destroyed, fascism and racism explode as people riot, rebel and revolt.
The language of “financial technocracy” belies a world of mass impoverishment, exploitation, domination and immense concentrations of power. These technocrats define and manage global financial and economic policy, construct the ideology the justifies the rule of the oligarchy, and implement policy which is intended to protect and expand the interests of that oligarchy.
As central bankers demand “fiscal tightening” and finance ministers implement “structural reforms,” the populations of Greece, Portugal, Ireland, Cyprus, Spain and Italy were plunged into crisis. Meanwhile, poverty and unemployment rise, fascist parties emerge, social unrest and riots in the streets become common, suicide rates increase, health and education systems come under strain and collapse, and governing political parties lose legitimacy and turn to police repression to control the crowds. Economic opportunity and political democracy become things of the past. Behind the technocratic language of economics lies a world of brutality.
Bilderberg’s structure, members and objectives that promote and expand the power of technocracy are inherently destructive to democracy. Europe’s debt crisis, and the technocratic institutions and individuals that managed it, have had profoundly negative consequences on the lives of hundreds of millions of people. The functions of technocracy and the actions of Europe’s top technocrats effectively serve the interests of concentrated financial and corporate power.
From Ferguson to Freedom, Part 2: Institutional Racism in America
By: Andrew Gavin Marshall
16 December 2014
The primary issue of race in America, as elsewhere in the world, is less about the overt acceptance and propagation of racism on the individual level, and more about the realities of institutional racism. A racist society is established and sustained not simply by racist individuals, but by racist institutions and ideologies. If racism were simply an individual experience, education and interaction between racial groups would seemingly be enough to eradicate the scourge of racism in modern society. After all, most white Americans would likely not identify as racists, and in a society where a black man can become president, many may be tempted to proclaim that America is a “post-racial society.”
Viewing racism simply from an individual level is misleading, embracing the notion that because I am not a racist, we no longer live in a racist society; because the president is black, we have moved beyond racism; because there are black people who have succeeded in society and risen to top political and economic positions of power, there are no longer issues of racial segregation and oppression. These views present a mythology of ‘equal opportunity’ and ‘individual initiative.’ In other words, segregation and other overt forms of political and legal racism have been largely dismantled, and therefore, the rates of poverty, crime, imprisonment and death in black communities are no longer the result of a racist society, but rather, a lack of “individual responsibility” and failure to take advantage of the equal opportunities afforded.
Institutional racism, however, takes a view of society, of the relations between power and people, beyond the myopic and misleading focus of ‘the individual’ alone. Society is institutionally structured to support the rich and powerful at the expense of the vast majority of the population, which is evident through the structures, policies, and effects of institutions like the Treasury Department, Federal Reserve, Wall Street banks, the IMF, World Bank, World Trade Organization, etc. The ideologies and actions of these institutions effectively protect the powerful, bail them out, promote policies which benefit them, punish the poor, impoverish the rest, and support a top-down power structure of the national (and global) economy.
There may be individual policymakers, executives or economists who advocate more economic equality, who criticize bailouts and austerity, who oppose the parasitic nature of the modern economy. However, when sitting in positions of power and influence, these individuals must succumb to the institutional demands of those positions. An executive at a bank may individually oppose the actions of banks in creating financial crises and then needing bailouts and profiting from them as millions lose homes, go hungry and are pushed into poverty. However, that executive cannot change the operations of the bank or realities of the industry alone, he must be concerned with the institutional realities, which focus on short-term quarterly profits for shareholders, which in turn would require him to follow and mimic the actions and initiatives of all the other big banks. If such an executive did not follow the path as designed by the institutional structure of the bank and financial markets, such an executive would be fired. Institutional inequality and economic exploitation are realities of the economic system, regardless of whether or not there are individuals within the system who oppose many of the policies and effects of that system.
The same logic applies to racism. This has been true for as long as racism has been a reality. In the United States, racism was institutionalized from the beginning, as the U.S. was founded as a Slave State. Racism was a legal reality, and it was reflected in the institutional structure of the economy, labour system, education, health care, politics, geography, demography, the criminal justice system, city planning, foreign policy and empire. Over the course of decades and centuries, there have been many tangible improvements, with reform to various institutions, legal changes and social transformations: the end of formal slavery, Civil Rights Movement, voting registration, etc. Yet, despite these various improvements and changes over the course of centuries, the realities of institutional racism remain in many facets, old and new. Institutional racism is embedded in the original and evolving structure of society as a whole, and to effectively challenge and remove racism from society, most of society’s dominant institutions must also be challenged, changed or made obsolete.
The institutional structure of society largely serves the same purpose, to protect and support the rich and powerful as the expense of the vast majority of the population. This is true, regardless of race. However, those same institutions enforce segregation, exploitation, domination and exclusion not only in terms of class, but also race. This has the effect of dividing the population among themselves, pitting white against black, promoting and maintaining social divides and conflicts between the population to ensure that they do not unite (through experience or action) against the true ruling groups and structures of society. Racism thus allows for more effective control of society by the few who rule it.
Stokely Carmichael helped to popularize the term ‘Black Power’ in the late 1960s, having risen to acclaim as a young leader in the Civil Rights movement. In 1966, Carmichael published an essay in The Massachusetts Review entitled, ‘Toward Black Liberation,’ in which he wrote that, “The history of every institution of this society indicates that a major concern in the ordering and structuring of the society has been the maintaining of the Negro community in its condition of dependence and oppression… that racist assumptions of white superiority have been so deeply ingrained in the structure of the society that it infuses its entire functioning, and is so much a part of the national subconscious that it is taken for granted and is frequently not even recognized.”
Carmichael provides an example to differentiate between individual and institutional racism: “When unidentified white terrorists bomb a Negro Church and kill five children, that is an act of individual racism, widely deplored by most segments of the society. But when in that same city, Birmingham, Alabama, not five but 500 Negro babies die each year because of a lack of proper food, shelter and medical facilities, and thousands more are destroyed and maimed physically, emotionally and intellectually because of conditions of poverty and deprivation in the ghetto, that is a function of institutionalized racism. But the society either pretends it doesn’t know of this situation, or is incapable of doing anything meaningful about it.”
Carmichael described the ‘Negro community in America’ as being subjected to the realities of “white imperialism and colonial exploitation.” With more than 20 million black Americans accounting for roughly 10% of the national population (in 1966), they lived primarily in poor areas of the South, shanty-towns, and the urban slums and ghettos of northern and westerns industrial cities. Regardless of location in the country, if one were to go into any of these black communities, Carmichael wrote, “one will find that the same combination of political, economic, and social forces are at work. The people in the Negro community do not control the resources of that community, its political decisions, its law enforcement, its housing standards; and even the physical ownership of the land, houses, and stores lie outside that community.” Instead, white power “makes the laws, and it is violent white power in the form of armed white cops that enforces those laws with guns and nightsticks. The vast majority of Negroes in this country live in these captive communities and must endure these conditions of oppression because, and only because, they are black and powerless.”
The realities of institutional racism can be seen in the case of Ferguson. An analysis by Keith Boag of CBC News looked at the legal structure of St. Louis County, where two-thirds of the population, approximately 650,000 people, live within “incorporated municipalities.” There are roughly 90 of these municipalities, Ferguson being one such area, with a population of roughly 21,000 people. Fourteen of these areas have populations less than 500 people, and 58 of them have their own police forces. Boag describes the origins of this structure as dating back several decades to before the Civil Rights movement, when white people in the city of St. Louis fled to the suburbs as poor blacks moved to the inner city. As whites moved out of the city, they sought more autonomy and local power, establishing the system of ‘incorporated municipalities’, allowing the local populace to control their own development, writing legal ‘covenants’ which imposed restrictions on “who could buy or lease property within its boundaries.”
In 1970, Ferguson was 99% white, with their covenant enshrining in law that blacks could not sell, rent own property in any way. Over the decades, the covenants were eroded due to their overt racist forms, and they became “unenforceable.” Thus, black people from the city were able to move out to the suburbs, but had to inherit the plethora of jurisdictions left behind by the white population who continued to flee the movement of the black population. In many of these small jurisdictions, there are too few people to provide for a necessary tax base to afford the services and functions of the local administrative structure. The result was that many communities became increasingly dependent upon “aggressive policing” to raise revenue through ticketing and traffic fines.
Boag describes this as a “tax on the poor,” since they are the most susceptible to such practices: “It’s they who have trouble finding the money to pay fines. It’s they who may have to choose between driving illegally to work or not working. It’s they who may be struggling just to feed a family.” The main preoccupation of police becomes issuing traffic fines and tickets, and then arresting people for not paying those fines. As a result, people do not view the police as being there to ‘protect and serve’, but, rather, “to pinch and squeeze every nickel out of you in any way they can.” This system is rampant in the town of Ferguson, as confirmed in an investigation by the Washington Post.
In effect, the poor black population of Ferguson is thus made to pay for their own oppression, stuck in a cycle of poverty which forces them to pay fines (or go to prison) in order to pay the salaries of the police who fine them, arrest them, beat them and kill them.
Thus, racism in Ferguson, itself a product of the segregationist policies of the Jim Crow era, is institutionalized in the very legal structure, tax and revenue structures, city planning and law enforcement institutions. Such circumstances do not require an overt articulation of racism, nor for it to be enforced by individual white racists (though both of these realities also occur and are encouraged by such a system).
The same logic also applies to the official system of slavery that existed in the United States prior to the Civil War. The slave system was an inherently and obviously racist system. However, there were (on occasion) slave owners who would treat their “property” with kindness, even those who criticized and opposed the system of slavery, but would still participate within that system. The realities of the institutional system of slavery meant that despite an individual’s personal views and preferences, they operated within a system which was racially structured, and thus, were made active participants and supporters of a racist system of domination and exploitation.
If one white slave owner were to free his slaves and promote equality and justice, he would lose his entire economic, social and political base of power within the society, be ostracized and made irrelevant and ineffective. Further, the newly-freed slaves would likely be captured and sold to other slave owners, with ‘freedom’ a short-lived and largely symbolic experience. The actions of a moral individual within an immoral institutional structure cannot change anything alone.
What is required is the collective action of many thousands and hundreds of thousands of individuals, working together to make the costs of such a system greater than its perceived benefits, forcing institutional change. Collective and large-scale actions will, in time and struggle, force reform and gradual change from the top-down. Alternatively, collective action and radical struggle will add to this same pressure, but also propose, organize and initiate alternative methods and visions for social organization and objectives, promoting more revolutionary alternatives.
The events and reactions in Ferguson, New York and increasingly across much of the country and even internationally represent the emergence of a powerful new and resurgent force in society, the reactivation of people power. From urban rebellions and ‘riots’ in Ferguson and Berkeley, to mass arrests and protests in New York and Los Angeles, to the civil disobedience in Miami, Boston, Chicago, Seattle and beyond, America is witnessing the first few weeks and months of a powerful new social movement which promises not to go away quietly. Nor should it.
With chants of “shut it down!” the demonstrators recognize that their power comes in the form of being able to disrupt the normal functioning of society. Institutional racism has led to immense injustice, segregation, exploitation and domination over life in America. The realities of present-day America are the modern manifestations of an institutional system of racism which pre-dates the formation of the United States itself. The current unrest is a reflection of the fact that solutions must go to the core of the problem, within the founding and functions of the institutions themselves.
America may have a black president, but he still has to live in the White House. Black Americans may have more political freedoms and opportunities than in previous decades and centuries, but they still have to live in a society shaped and dominated by institutional racism.
The black population has been kept at the bottom of the social order in the United States since the U.S. was founded as a country (and in fact, long before then). This has been unchanged over the course of several centuries. If progress is defined as one black man being able to rise to a position over which he exerts immense power over a society that continues to subject the majority black population to institutional racism, then ‘progress’ needs to be redefined. An individual, alone, cannot alter the institutional structure of society. Obama is not a symbol of a “post-racial” America, he is a symbol of the continued existence of an “institutionally racist” America, where one can have a black president overseeing a white empire, at home and abroad.
Obama is the exception, not the rule. The rule is Ferguson; the rule is Michael Brown and Eric Garner. The rules need to change. The rules need to be broken and replaced. The rule of racist and imperialist institutions and ideologies must be smashed and made obsolete. The rule of the people must become the law of the land. The road to justice runs through Ferguson, driven by the collective action of thousands of individuals, taking the struggle into the streets with the very real threat that if true liberation is not achieved, the system has lost any sense of legitimacy. When the cost of subservience to the status quo is greater than the cost of changing it, the people will “Shut It Down.”
Andrew Gavin Marshall is a freelance researcher and writer based in Montreal, Canada.
From Ferguson to Freedom, Part 1: Race, Repression and Resistance in America
By: Andrew Gavin Marshall
11 December 2014
On 9 August 2014, a white cop murdered an unarmed black teen in a predominantly black neighborhood and black city dominated by white police with a history of violence toward poor, black communities, and in a city dominated by white power structures and with a long history of racism and segregation. More than three months later, that white cop was exonerated of any wrongdoing.
The cop, Darren Wilson, was not simply exonerated for the murder, but he was rewarded. The white cop who murdered 18-year-old Michael Brown was rewarded with a crowd-funded amount of more than $400,000 – as racists around the country sought to throw a few dollars in support of murdering unarmed black teens. On October 24, one month to the day before the verdict was announced, as Michael Brown’s family was still coming to terms with his murder, Darren Wilson got married to Barbara Spradling, also a member of the Ferguson Police Department. Since he murdered the unarmed 18-year-old Brown in August, Wilson had been rewarded with being on “paid administrative leave.” After the verdict was delivered, Wilson remained on paid leave. And as Wilson was rewarded for taking the life of an innocent boy, he announced that he and his wife were expecting a child of their own.
On August 10, a candlelight vigil for Michael Brown erupted into an urban rebellion (commonly called “riots”), as people expressed their anger and frustration of the systemic and institutionalized injustice, and were met with overwhelming police force. As the protests continued and further rebellions erupted, the police sent in the SWAT team, already having shot protesters with rubber bullets and engaged in chemical warfare shooting teargas at them. The police were even arresting reporters, from the Huffington Post and Washington Post, and journalists from Al-Jazeera were shot at with rubber bullets and then tear gassed. Protests continued, and police continued to shoot rubber bullets, use excessive amounts of tear gas, flash grenades and smoke bombs against demonstrators, which then had the effect of triggering the rebellions (or ‘riots’). Wearing military fatigues and riot gear, police deployed armored vehicles similar to those in Afghanistan and Iraq, aiming high-powered rifles at American citizens in a town of 20,000 people.
On August 16, a week after Michael Brown was murdered, Missouri Governor Jay Nixon declared a state of emergency and implemented a curfew in Ferguson. The top cop in charge of Ferguson at the time, State Highway Patrol Capt. Ron Johnson, stated that, “We won’t enforce [the curfew] with trucks, we won’t enforce it with tear gar.” The police then used trucks, smoke and tear gas against protesters to enforce the curfew, in what became the fiercest night of violence until that point. Another curfew was announced for the following night. Two hours before the curfew went into effect, police fired tear gas and flash grenades into assembled protesters in order “to disperse the crowd.”
The Governor then deployed the National Guard in Ferguson on August 18. Obama appealed for “calm.” More reporters were arrested. Three days later, the National Guard was removed from Ferguson. The following few days were relatively calm, though police continued to arrest people. The calm followed the convening of a grand jury to investigate Darren Wilson’s murder of Michael Brown. The US Attorney General Eric Holder even flew to Ferguson, and later commented than an FBI investigation into civil rights violations in Ferguson “will take some time.” Throughout this period, police in Ferguson and St. Louis continued to threaten protesters, aim weapons at them, and even murdered another man. The protests largely calmed down, and thousands attended the funeral of Michael Brown on August 25.
Smaller protests continued into September, and in late September the Ferguson Police Chief Thomas Jackson decided to march in civilian clothes with a crowd of people demanding his resignation, hours after he released a “video apology” to the Brown family. In less than 30 seconds of Jackson joining the crowd, agitating many of those assembled, riot cops moved in to ‘protect’ him, prompting a confrontation with the protesters and declaring the protest an “unlawful assembly.” Protests continued for the following few days with police continuing to declare protests as unlawful, threatening to arrest people who stayed in one place for too long or who moved off the sidewalk and onto the street.
However, over a dozen protesters who were assembled on the sidewalk were arrested outside the Ferguson Police Department in early October, after which they were fitted in orange jumpsuits, locked behind bars for several hours with higher bail amounts than usual, some as high as $2700. Their charges included “failure to comply with police, noise ordinance violations and resisting arrest,” when assembled peacefully – and legally – on a sidewalk. Among those arrested was a journalist. Ferguson Police Chief Jackson then handed his responsibility for “managing protests” to the St. Louis County police department. In early October, a St. Louis Symphony Orchestra performance was interrupted by protesters who sang a civil rights song, ‘Which Side Are You On?’
On 11 October, hundreds of people took to the streets for a weekend of protests what they called ‘Ferguson October’. Roughly 43 people were arrested for assembling outside the Ferguson Police Department, including professor and author Cornel West. A Missouri State Senator was also arrested during a protest several days later.
On 17 November, one week before the grand jury decision was to be announced, Governor Jay Nixon declared a state of emergency and authorized the National Guard to again be deployed in Ferguson. At the same time, the St. Louis County police chief Jon Belmar declared that police in Ferguson had not used rubber bullets or force against “peaceful protesters,” but against “criminal activity.” Days prior to the verdict, buildings were being barricaded around Ferguson in anticipation of “unrest.”
The Department of Homeland Security showed up in St. Louis prior to the verdict. As Homeland Security vehicles began to mass near Ferguson, a local Navy veteran was fired from his job and called a ‘terrorist’ after posting pictures of the vehicles on Facebook. Federal officials began arriving in Ferguson and St. Louis a few days before Governor Nixon declared his state of emergency. Despite announcements to “review” the transfer of military equipment to domestic police forces following the earlier social unrest in August, the Pentagon had continued to supply police forces in Missouri with “surplus military gear.”
Police forces in America have been increasingly militarized, starting with the ‘War on Drugs’ (aka: War OF Drugs) and rapidly expanded under the ‘War [on/of] Terror’. Across the country, police forces “have purchased military equipment, adopted military training, and sought to inculcate a ‘soldier’s mentality’ among their ranks,” noted The Atlantic in 2011. Since the 1960s, SWAT teams emerged in cities across the United States, marking the rise of the “warrior cop,” initially prompted by the urban rebellions of the 1960s in predominantly poor black communities. Since 2002, the Department of Homeland Security has handed out over $35 billion in grants to purchase military gear. The Pentagon has distributed more than $4.2 billion of equipment to local law enforcement agencies across the US.
These were the highly militarized police forces originally deployed against protesters in Ferguson in August of 2014, with armored vehicles, sound weapons, shotguns, M4 rifles, rubber bullets and tear gas. At the time, former Army officer and international policing operations analyst, Jason Fritz, was quoted in the Washington Post as saying, “You see the police are standing in line with bulletproof vests and rifles pointed at people’s chests… That’s not controlling the crowd, that’s intimidating them.” The New York Times referred to Ferguson as “a virtual war zone,” warning that if nothing is done to stop the national militarization of police forces by the Department of Homeland Security and the Pentagon, then “the future of law enforcement everywhere will look a lot like Ferguson.”
The verdict on November 24, giving Wilson the gift of freedom for depriving Michael Brown of his own freedom (and life) prompted quick reactions in the streets. Protests started in Ferguson, and quickly erupted into urban rebellion with cars and buildings torched and destroyed. Governor Nixon then deployed more National Guard troops in Ferguson, with more than 2,200 deployed in the town of 22,000 people. Protests spread the following day to 37 different states in over 130 demonstrations, with significant numbers and acts of social disobedience in New York, Boston, Washington D.C., Chicago, Minneapolis and Los Angeles. More than 170 U.S. cities experienced protests on the night of November 25, drawing thousands of people to the streets, “blocking bridges, tunnels and major highways.”
Obama declared that he did “not have any sympathy” with “those who think that what happened in Ferguson is an excuse for violence.” As protests spread, more than 400 people were arrested around the US. In Los Angeles, over 150 people were arrested. Reflecting on the lessons he drew from the rebellions on the night of November 24, St. Louis County police chief Jon Belmar said, “you can never have too many policemen.”
Protests not only spread across the United States, but internationally. Protests spread across cities in Canada, including Toronto, Ottawa, Calgary, and Montreal. Protests also spread to London, where thousands assembled outside the U.S. Embassy, drawing parallels to the case of Mark Duggan, a young black man whose murder by police in August of 2011 prompted the largest riots in recent British history.
One week after the grand jury decision on Darren Wilson prompted nation-wide and international protests, another grand jury decision – this time for one based in Staten Island – was reached regarding the choking death of an unarmed black man (Eric Garner) killed by a white cop. The entire murder was caught on film for all to see, and the officer, Daniel Pantaleo, had no charges laid against him. The verdict was in, and the killer cop was exonerated of any wrongdoing. The announcement prompted protests all across New York, with demonstrators repeating Eric Garner’s last words, “I can’t breathe.”
The protests continued in New York nightly, with several taking place elsewhere across the country, in a continuation from the spark that lit with Ferguson. The day after the New York verdict, an unarmed black man was shot dead by police in Phoenix, Arizona, sparking protests there. In Times Square, several thousand protesters confronted police chanting, ‘Who do you protect?’ Police responded by arresting 200 of those assembled.
The protests in New York were drawing upwards of 10,000 people, and in the first three days alone, the NYPD arrested over 300 demonstrators, with the Police Commissioner declaring that, “the city should be feeling quite proud of itself at this juncture,” because the police were “showing remarkable restraint.”
As with Ferguson, the results in New York sparked protests across the country, with people taking to the streets in Washington, D.C., Boston, Baltimore, San Francisco, Chicago, Pittsburgh, Philadelphia, Atlanta and beyond, blocking bridges and traffic, engaging in ‘sit ins’ or ‘die ins’ in public places, transport hubs, universities and elsewhere. Protests that took place in Berkeley, California, quickly turned violent as police used excessive force, tear gas and batons. The police violence in turn sparked ‘riots’ (urban rebellion) in the streets. Clashes between police and protesters also took place in Seattle, with more peaceful demonstrations continuing in New York, Chicago and Miami.
The protests continued daily, with new groups, new cities and states participating, new sparks, new collective actions, civil disobedience, with every new day. Demonstrators took to the streets, department stores, highways and intersections, to Ivy League universities, basketball games, and train stations. In Chicago, protesters continued well into December, with roughly 200 demonstrators gathering outside of Obama’s family home.
President Obama was holding a series of meetings on the social unrest resulting from Ferguson. He was meeting with Cabinet and Congressional officials, law enforcement and civil rights leaders, and an “unusual” meeting was granted to a group of young black activists from around the country. They held a 45-minute meeting with the president in the Oval Office. They spoke honestly about the problems they see and solutions they advocate, with Obama offering encouragement, though he stressed that, “incremental changes were progress.”
One of the youth organizers present at the meeting, Phillip Agnew, wrote about his experience for an article in the Guardian. Agnew described the assembled group as “representatives from a community in active struggle against state sanctioned killing, violence and repression.” They were not “civil rights leaders,” “activists”, “spokespeople” or “respectable negroes,” they were from Missouri, Ohio, New York and Florida. Agnew wrote of the expectations of those assembled: “We all knew that the White House stood to benefit more from this meeting than we did. We knew that our movement families would fear the almighty co-opt and a political press photo-op. We have been underestimated at every juncture… But this was an invitation that you accept – period.”
The group of youth, as young as 20, with artists, activists, teachers, and organizers, told the president that they were not the “People’s Spokespeople,” and that they “had neither the power, positions, nor desires to stop the eruptions in the streets and that they would continue until a radical change happened in this country,” that they “had no faith in anything, church or state… that the country was on the brink and that nothing short of major capitulations at all levels of the government to the demands of the people could prevent it.” Obama listened, discussed and debated, promoted “gradualism” and “asked for our help.” Agnew commented that, “We did not budge,” walking out of the meeting “unbought and unbowed. We held no punches… no concessions, politicking or posturing. The movement got its meeting. Unrest earned this invite, and we can’t stop. If we don’t get what we came for, we will shut it down. President Obama knows that and we know it. No meeting can stop that.”
History will perhaps view present-day America through the lens of pre-Ferguson and post-Ferguson. The spark which lit the fire was the continuous murder of unarmed black men, women and children by mostly-white police. Police beating, oppressing, and murdering black people in the United States is far from a new phenomenon. It’s a practice which is, in many ways, as old as the country itself (or older, in fact). The fundamental change is this: pre-Ferguson, the murder of unarmed black men, women and children was considered ‘unworthy’ of national attention, it was not news, not an issue, largely continuing unknown and unacknowledged by white America. Post-Ferguson, when black Americans are murdered by police, it starts to make headlines, people start to pay attention, and people increasingly take to the streets in opposition.
Ferguson is not a wake-up call to black America, which has been well aware of the injustices and oppression their communities have faced daily, yearly, and over the course of decades and centuries. Ferguson is a wake-up call for white America, to look and learn from the lived experiences of black America, and to join with their brothers and sisters in active struggle against the system which has made Ferguson the status quo.
Pre-Ferguson, black lives did not matter. At least, they did not matter so far as the national consciousness was concerned. White America could proclaim itself a ‘post-racial society’, feeling good about themselves for voting for a black president, having black friends, and not saying ‘Nigger’. Ferguson has changed the frame through which America views itself, and is viewed by others. White America increasingly looks at the reality of black America and sees great injustice and inequality. The rest of the world looks into America and sees a deeply racist society, repressive and brutal, reflective of the perceptions of America’s actions around the world.
Pre-Ferguson, black America was kept out of sight, black communities were kept under control, and black lives did not matter. Post-Ferguson, black America has taken center stage, black communities are the front-lines of a national struggle for justice and equality, and now, Black Lives Matter.
Global Power Project: Bilderberg and the Global Financial Mafia
By: Andrew Gavin Marshall
11 December 2014
Originally posted at Occupy.com
In the previous Bilderberg article, I wrote that financial markets were “a type of global parasite with unprecedented power capable of determining the fate of nations and peoples.” In truth, the “super-entity” known as financial market power functions like a cartel, or an organized criminal network: a Mafia. This installment examines some of the members of the global financial mafia who are present at Bilderberg meetings and thus are given unparalleled access to political leaders behind closed doors.
At Bilderberg meetings, participants frequently include leading officials and advisers to banks like JPMorgan Chase, Goldman Sachs, Barclays, Deutsche Bank, HSBC and AXA, among others. The participation of leaders and advisers to these and other large financial institutions provides world leaders with direct, “private” access to some of the leading voices at the core of global financial markets. The interests and actions of financial markets can thus be articulated to the leaders of powerful political, media, military, intelligence and technocratic institutions. The “invisible hand” may voice where and when it might smack.
Through Bilderberg, leaders in financial markets are given an inside look at, and access to, those who shape and wield foreign and economic policy in the world’s most powerful nations. Their interests become a part of that process, just as geopolitical interests are integrated into the actions of financial markets. While financial markets command no armies, they determine the flow and functions of money upon which all armies are dependent, and to which nations are obedient. Bilderberg brings these institutions and individuals together for an off-the-record, private chat about global affairs and policy.
Martin Feldstein, who serves on the International Council of JPMorgan Chase, attended all but one Bilderberg meeting between 2010 and 2014. Feldstein is one of the most influential American economists over the past several decades, serving as a professor at Harvard, a member of the Group of Thirty, the Trilateral Commission, the International Advisory Board of the National Bank of Kuwait, and the Council on Foreign Relations. He advised President George W. Bush as a member of the Foreign Intelligence Advisory Board between 2007 and 2009, a position in which he was given access to top-secret intelligence information. He had previously served as one of Ronald Reagan’s chief economic advisers, and President Obama appointed him in 2009 to serve on the Economic Recovery Advisory Board, advising on how to manage the “recovery” following the financial crisis.
Feldstein’s views are well known. Relating to Europe’s debt crisis, for which Bilderberg meetings hold a great deal of significance, Feldstein wrote in the Financial Times in July of 2013 that governments that bowed to “popular political pressure” to lessen the brutal austerity measures widely seen as the cause of mass unemployment, poverty and social unrest, were at risk of facing rising interest rates and “a new fiscal crisis.”
In other words, if governments bend to the will of the people, financial markets will seek to bend them back. A “fiscal crisis” only takes place when creditors (financial markets) decide to stop funding the government. In Europe, nations are largely dependent upon banks to provide them with credit to function. Thus, if the heads of financial markets don’t like the policies of nations, they can cut off their funding, creating a major crisis and even collapsing the government. This leverage forces nations to follow policies favored by financial markets, such as austerity and various other “structural reforms.” Meanwhile, the policies combine to impoverish the population, enrich the elite, allow for mass exploitation of resources and labor, and consolidate control of the economy into the hands of relatively few, large global banks and corporations.
Another key Bilderberg member and leading figure in financial markets is Josef Ackermann, whom I have written about previously. Ackermann has been one of Europe’s most powerful bankers over the past decade, as the CEO of Deutsche Bank and a major power player throughout the debt crisis holding key leadership positions in large industry associations such as the Institute for International Finance (IIF).
The current chairman of the Bilderberg Group, Henri de Castries, is chairman and CEO of the French insurance giant, AXA, one of the top companies on the Swiss study’s list of the “super-entity” of banks and insurance giants. De Castries is also a member of the European Financial Services Round Table (EFR), a lobby group made up of the chairmen and CEOs of Europe’s largest financial institutions.
In 2012, the Financial Times referred to Henri de Castries as one of France’s “best known captains of industry,” having served as an unofficial adviser to former French President Nicolas Sarkozy, and been school classmates with the current President Francois Hollande. De Castries is considered “as establishment as you can get in France.”
In the wake of the European debt crisis, Henri de Castries supported the policies of austerity and structural reform, warning in 2012 that the crisis would continue for some time. He suggested that governments needed to learn how to “spend less” and the only way to “win back our competitiveness” was “through business investment and not by public spending,” adding: “What we need is a profound cultural change.”
Marcus Agius, a member of Bilderberg’s steering committee, is the chairman of PA Consulting, having previously served as the chairman of Barclays, the bank listed in the number one spot on the list compiled by the Swiss study. As chair of Barclays between 2007 and 2012, Agius also served as chairman of the British Bankers Association, was a director of the BBC from 2006 to 2013, and served as a Business Ambassador of the Trade and Investment Ministry of the British government. Agius also married the daughter of Edmund de Rothschild, bringing him into the family of one of the most prestigious and influential financial dynasties in the world.
Agius resigned from Barclays in 2012 as a result of the massive global financial fraud revealed by the Libor rate scandal, whereby some of the world’s largest banks – including Barclays – formed a cartel at the British Bankers Association to manipulate the interest rate at which banks lend to each other, influencing prices throughout the global economy. Despite the resulting scandal for Agius and others, which forced resignations in 2012, he stayed on the bank’s payroll as an adviser until March of 2014, a full 20 months following his official resignation.
Douglas J. Flint, who is chairman of HSBC, has attended every Bilderberg meeting since 2011. He is also chairman of the Institute of International Finance (IIF), and is a member of the European Financial Services Round Table (EFR), the Financial Services Forum, the International Monetary Conference (IMC), and serves on advisory boards to the Mayors of Shanghai and Beijing.
W. Edmund Clark, the chair of one of Canada’s largest banks, TD Bank, has attended every Bilderberg meeting since 2010.
Peter Sutherland has been a long-time Bilderberg participant, and serves as the chairman of Goldman Sachs International.
Robert Zoellick, former World Bank president and Bilderberg participant at every meeting between 2010 and 2014, now serves as the chairman of the Board of International Advisers of Goldman Sachs.
Peter R. Orszag, a Vice Chairman at Citigroup, attended Bilderberg meetings between 2010 and 2012.
The Vice Chairman of Goldman Sachs, J. Michael Evans, attended Bilderberg meetings in 2012 and 2013.
This is but a small sampling of some of the names of the leaders of financial institutions represented at Bilderberg meetings over the past few years. Apart from leading individual banks and financial institutions, many of the financiers who attend Bilderberg meetings simultaneously hold leadership positions within other large banking lobby groups, industry associations, and major international conferences.
For example, Bilderberg members and participants frequently hold simultaneous leadership positions at the Institute of International Finance (IIF), the International Monetary Conference (IMC), and the Group of Thirty (G30), all of which have been the focus of previous installments of the Global Power Project, as they have been profoundly influential organizations in their own right. The fact that so many leading figures in those organizations are leaders and participants in Bilderberg meetings lends extra weight to the importance of the meetings.
Roger Altman, a Bilderberg steering committee member and head of a large investment bank, wrote in a May 2013 article in the Financial Times that financial markets in the 21st century were “much more powerful than any government leader,” noting that the spread of austerity across Europe was not driven by Angela Merkel of Germany or other political leaders, but rather, by “private lenders… who declined to finance further borrowing by those countries,” and thus, “markets triggered the Eurozone crisis, not politicians.”
The views and the desires of bankers and financiers are important – and influential – precisely because if these individuals don’t get what they want, they wield the power in numbers on screens that can force the hands of even the most powerful governments and politicians. As such, the favored policies of bankers frequently become the implemented policies of states.
Andrew Gavin Marshall is a freelance writer and researcher based in Montreal, Canada.