Scheer Intelligence

Amidst the hype, excitement and nervousness of the election, the bigger picture of what the United States is and how it operates often gets lost on people. Many think that choosing one or another candidate will significantly alter their future to better represent their values, but in reality there is only one group of people that matter the most: those who Dr. Peter Phillips, professor emeritus at Sonoma State University, calls the “titans of capital.” In his new book by the same name, Phillips studies the economic trends following the COVID-19 pandemic and how the wealth concentration in the world took a dramatic turn towards the already ultra-wealthy. He joins host Robert Scheer on this episode of Scheer Intelligence to further analyze these trends and how dire inequality is becoming. The main problem is simple to understand: the ultra-wealthy “doubled their wealth concentration.” That means, according to Phillips, that “the upper one half of 1% of the people got richer an