CONCENTRATIONS OF WEALTH & POWER AND BIG DATA

This podcast is structured around a review of Peter Phillips' book, Giants: The Global Power Elite. I elucidate and assess the main points of the book, [1] that seventeen globally active asset management corporations each administer over $1 trillion, together totalling $41.1 trillion, [2] that these corporations are managed by 199 directors who Phillips gives brief biographies of; [3] that there are deep connections between these personnel and the three main propaganda and public relations global conglomerates, various 'think tanks' and policy bodies, and governments.  I further relate this connectivity to the role of big data as it is extracted and exploited by the tech giants Google and Facebook. I rely on Shoshana Ruboff's The Age of Surveillance Capitalism to make the latter connection. In the light of Phillips' and Ruboff's rigorous scholarship, I consider the vilification of the UK left by the billionaire-owned media and the prospect of a radical, progressive turn in world politics and what is needed to ensure it. [Free. 29 minutes.]