Titans of CapitalTitans of Capital

"In Titans of Capital, Peter Phillips examines the ongoing rapid concentration of global capital and how fewer and larger companies now manage the excess financial wealth for the .05 percent (40 million) richest people in the world. As a political sociologist, Phillips poses three key research questions: To what extent do the wealthy influence-or even dominate-decision making that affects all of us in society? Who are the most powerful people? And how does the accumulation of capital work? Titans of Capital covers changes from the past five years that demonstrate how individuals and networks have evolved over time, and how national and transnational elites mold the world to their liking. Phillips warns that while continued concentration of global capital increases the profits enjoyed by the "Titans" of the global economy, it also increases global inequality, starvation, and civil unrest, threatening the lives of the hundreds of millions of people living in extreme poverty"-- Provided by publisher.