The Super Rich: A Nation unto Themselves

 ISMAEL HOSSEIN-ZADEH

Globalization of capital and interdependence of world markets has reached a point where large scale military clashes of the magnitude of World Wars I & II could lead to financial catastrophe for all. Not surprisingly, the network of transnational financial elites, who often elect politicians and run governments from behind the scenes, seem to be averse to another wholesale international war that could paralyze worldwide financial markets.

This explains why imperialistic aggressions of late have often taken the form of “soft-power” interventions: color-coded revolutions, “democratic” coup d’états, manufactured civil wars, economic sanctions, and the like. Of course, military option always lurks in the background to be employed when/if “soft-power” strategies of regime change fail or prove insufficient. Even then, however, all efforts are made (by the major capitalist powers) to make such military interventions “controlled” or “manageable,” that is, limited to local or national levels. While “controlled” wars tend to safeguard the fortunes of war profiteers and beneficiaries of military spending (mainly the military-security-industrial complex and major banks), they would not cause paralysis of international financial markets.

This also explains why major world powers such as China, Russia, India, and Brazil tend to shy away from standing up more robustly to the bullying policies of the United States. Wealthy oligarchic circles in these countries have more in common with their elite counterparts in the U.S. and other core capitalist countries than their fellow countrymen at home. “Whether they maintain primary residences in New York or Hong Kong, Moscow or Mumbai, today’s super-rich are increasingly a nation unto themselves,” points out Chrystia Freeland, Global Editor of Reuters, who travels with the elites to many parts of the world. It is therefore only logical to believe that a de facto alliance exists between members of this global “nation” of the super-rich, which helps facilitate the operations of imperialist schemes of regime change. For example, when/if Russia is threatened by the U.S. and its European allies, Russian oligarchs tend to clandestinely collaborate with their class counterparts in the West, thereby undermining Russia’s resistance to such interferences from Western powers.

http://www.counterpunch.org/2014/06/06/ww-iii-more-interclass-than-international/

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