No 2366 Posted by fw, September 3, 2018
NOTE — To access my other posts related to Prof. Phillips’ book and video, click on the Tab in the top left margin, titled Giants: The Global Power Elite by Peter Phillips ~ Links to All Posts.
“The G30 [Group of Thirty] and the Trilateral Commission are privately funded, staff-supported research organizations, whereby TCC elites could speak openly on global capital and security issues moving towards a consensus of understanding on needed policies and their implementations. … The G30 brings together 32 of the most powerful people in the world. They are essentially the executive committee of the policy core of global capitalism. They can formerly develop policy recommendations outside of government oversight. They organize behind-the-scenes study groups with other TCC elites. And they provide an international understanding of policies needed to protect global capitalism and continued growth. … The other one [organization] that’s far more international is the Trilateral Commission. … and it brings together, unofficially, again without government oversight, the highest level group possible to address important international problems. [Their] task force report in 2013-14 was entitled: “Engaging Russia: A Return to Containment.” … The report expressed concern [about] the Russian “invasion” of Crimea … Putin was described as ‘bringing about a ruthless break with the West.’ … Concerns with Putin and the topic of his removal were clearly uppermost in the minds of the Trilateralists.” —Prof. Peter Phillips
Today’s post is Part 5 in my series of transcripts of a one-hour video of Prof. Peter Phillips’ talk about his 240-page book Giants: The Global Power Elite. Peter Phillips is a professor of political sociology at Sonoma State University.
Part 4 of this series of transcripts, posted on September 1, explained how war and climate-related environmental degradation serve the interests of transnational capital class (TCC). What emerges from Phillips’ summary analysis is TCC’s glaring contradiction, and capitalism’s true crisis, is capitalists’ complete lack of concern for humankind.
Today’s post, Part 5 of the series of transcripts, focuses on the activities of the Group of 30 (G30) and Trilateral Commission, the core facilitators of private policy planning for the world, including, for example: the absence of control or oversight by sovereign governments of these two private, policy-planning organizations; the fact that G30 reports are widely accepted and usually implemented worldwide; that a 2016 G30 report warned Middle East/North African governments to comply with global capitalism or be replaced; 32 G30 policy directors are deeply connected in central banks’ transnational institutions; when the G30 issues a policy plan, the World Bank regards it as “a direction of what to do”; the Trilateral Commission brings together the highest level group to address international problems, again with no government control or oversight; In 2013-14 Trilateral issued a highly biased, anti-Russia report calling for a “return to containment”; concerns with Putin and his removal were uppermost in Trilateralists’ minds; and Transnational Capitalist Class business elites salivated over opportunities for investment in Russia’s vast economic resources.
To facilitate selective access to the video’s content, my transcript, which appears below the video, is chronologically indexed, and edited, as necessary, to enhance text readability of Phillip’s talk. In addition, to enable skimming, I have added my own headings and subheadings in [square brackets] and, as well, text highlighting to bring important text to the fore.
The transcript for Part 5 starts at 31:49 ends at 41:40.
TRANSCRIPT (From 31:49 to 41:40)
[G30/TRILATERAL COMMISSION — CORE FACILITATORS OF PRIVATE POLICY PLANNING FOR THE WORLD]
[The Group of 30 and the Trilateral Commission, core facilitators of TCC private policy planning]
31:49 – Our research focuses on transnational policy groups that are non-governmental. These organizations unite the transnational elites as a class. The G30 [Group of Thirty] and the Trilateral Commission are privately funded, staff-supported research organizations, whereby TCC elites could speak openly on global capital and security issues moving towards a consensus of understanding on needed policies and their implementations.
These meetings offer the transnational elites opportunities to personally interact with each other in face-to-face private, off-the-record settings that allow for personal intimacies, trust, and friendships to emerge. These interactions are the foundation of the transnational class consciousness and social awareness of their common interests.
[G30 and Trilateral Commission are central core of policy planning for the world]
32:45 — We think that the Group of 30, the G30 it’s called, is a private non-profit group based in Washington, and the Trilateral Commission – the two together having 86 elite members in their management teams – are essentially the central core of a policy planning process for the world. Both are non-profit corporations supported independently from government funding and any regulations that, for them, opens up the discussion of global capital and security needs by people with common class and financial interests.
33:20 – 12 of our17 trillion-dollar company investment firms have one or more representatives on either the G30 or the Trilateral Commission or both. Goldman Sachs has 4 directors on the core of the transnational policy group.
[The most important part of private policy planning organizations is that there’s no government control or oversight]
33:37 – The most important part of private policy planning organizations is that there’s no government control or oversight. These are elites, meeting together privately, often off-the-record. They will issue reports that are read very closely by the World Bank and NATO and others, but the G30 is one in particular [that is read]. They describe themselves as “they aim to deepen the understanding of international economic financial issues and to explore the international repercussions of decisions taken in the public and private sectors.”
[G30 reports are widely accepted and usually implemented worldwide]
34:13 – The G30 is a highly influential institution in the area of global finance. G30 was founded in 1978. Reports from study groups made up by the top bankers, financiers, policymakers and academics. These reports are widely accepted and usually implemented around the globe. The G30 is a non-profit corporation funded by Rockefeller Foundation and now receives close to a million [$] a year in donated funds from various private sources.
[2016 G30 report warned Middle East/North African governments to comply with global capitalism or be replaced]
34:40 – A G30 report in October 2016 on oil and global economy, reports how the US fracking technology has changed the industry, making the US a global exporter of oil, resulting in lower prices and destabilization of the Middle East and North African countries – the MENA countries, Middle East and North African countries.
“The report calls on the MENA countries to build more diversified/competitive economies.” — because we’re selling oil cheaper, and they’re not doing so good. “The reports calls for ‘strong leadership’ as the region needs bold and creative governments that show the way for the youth and new entrepreneurs, encourage private initiative [without preserving vested interests] and change attitudes from idleness and dependency to diligence and self-reliance.” They said that right in the report. “In other words, if you are not a bold and creative government, training your idle youth and complying with global capitalism’s investment opportunities, you may just need to be replaced.” – through an externally supported regime change. I mean they just come out and say this. [Source of italicized quote: Abdlatif Al-Hamad and Philip Verleger Jr., “Oil and the Global Economy,” Group of Thirty, October 2016, http://group30.org/publications/detail/678.]
[32 G30 policy directors are deeply connected in central banks’ transnational institutions]
35:55 – The 32 of the G30 policy directors are deeply connected in the transnational institutions of central banks: 12 are from the US – one US citizen has dual citizenship with Israel; 3 are French; 2 are from the UK, both from the House of Lords; 2 directors each from Germany and Mexico, including the former president of Mexico; 1 director each from Poland, Canada, Spain, Argentina, Italy, Brazil, Switzerland, Japan, India, Singapore, and China.
[When the G30 issues a policy plan, the World Bank regards it as “a direction of what to do”]
36:27 – Highly educated, a group of 16 of the 32 hold PhDs, 31 of them are men, and there’s one woman, Gail Kelly who’s from the Australian Bankers Association. She also worked for the International Monetary Fund: she’s the only woman in that group. A very, very powerful group. When they put out a policy plan, it’s perceived by the World Bank as a direction to what to do.
36:56 The Bank for International Settlements [BIS], all their members are linked into IMF. The Bank for International Settlements, the World Bank, the Basel Committee [on Banking Supervision], Financial Stability Board, the G7, G20, WTO and the Federal Reserve here in the US – these are very powerful people and they all meet in one place, privately, put out reports, and we have zero input into what they’re planning and thinking.
[The G30 brings together 32 of the most powerful people in the world]
37:19 – All 32 members of the G30 have been keynote speakers at the World Economic Forum in Davos. Of the 17 most connected money management firms, there are 6 that are directly on the board of directors of those from the G30. So the G30 brings together 32 of the most powerful people in the world. They are essentially the executive committee of the policy core of global capitalism. They can formerly develop policy recommendations outside of government oversight. They organize behind-the-scenes study groups with other TCC elites. And they provide an international understanding of policies needed to protect global capitalism and continued growth. They focus on security and it’s safe to say, is the financial executive committee of the transnational capitalist class. One organization [very strong].
[The Trilateral brings together the highest level group to address international problems – with no govt oversight]
38:17 – The other one [organization] that’s far more international is the Trilateral Commission. This was founded in 1973, and it brings together, unofficially, again without government oversight, the highest level group possible to address important international problems. Originally, the representatives were only from Europe, US, and Japan. In later years, representatives from around the world. It started in ’73 with Rockefeller funding.
Currently there are 375 members from 40 countries: 87 from the US; Germany has 20; France, Italy, UK have 18 each; the Asian group has 100 members; and the remaining 124 are from countries all over the world. Each country has a quota and can nominate people as openings become available. [If] members take formal positions in their government, they’re asked to step down – so that formal members, if you’re in government, you’re not in the Trilateral Commission. Trilateral Commission is business executives, mostly men, [but] there’s a good portion of women there who are setting policy privately.
[In 2013-14 Trilateral issued a highly biased, anti-Russia report calling for a “return to containment”]
39.29 – They issue regular task force reports. The task force report in 2013-14 was entitled: Engaging Russia: A Return to Containment. The authors were a former US undersecretary, a Polish prime minister, and a former Japanese ambassador. The report was prepared in 2013. Multiple consultations were held in Mexico City, Manilla, Krakow, Washington DC and at Harvard.
[Concerns with Putin and his removal were uppermost in Trilateralists’ minds]
39:59 – The report expressed concern that the Russian “invasion” of Crimea – and invasion is in quotes there –because the Russians didn’t really invade Crimea, they already had bases there, and that was an agreement with the Ukraine government for a long time. Putin was described as “bringing about a ruthless break with the West.” Under Putin, Russia was not contributing to global stability but rather aspires to be a superpower. US business leaders are concerned about the anemic growth and economic climate in Russia. Concerns with Putin and the topic of his removal were clearly uppermost in the minds of the Trilateralists.
[TCC business elites salivating over opportunities for investment in Russia’s vast economic resources]
The TCC business elites are salivating over the opportunities Russia’s vast economic resources offer for capital investment. Under Yeltsin, when the wall fell, we did do a good bit of investment in Russia. We still have great investments there. But Putin has reasserted the government’s control over the country. And so our capitalists are not as free to invest all over the world, and it [investment] requires government approval. They were literally thinking of trying to put regime change in Russia as a primary agenda for what we’re trying to do. That’s why you’ve seen so much negative press in the US corporate media about Putin and Russia. It’s been constant. The whole — they interfered with our elections – we did that to them a long time ago – but everything they’ve done, it’s almost there daily in our media or on our television news. So everybody’s got this really negative – the Russians are bad, Putin’s bad, and it’s been deliberate.
END OF PART 5 OF TRANSCRIPT
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