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1 – 10 of over 21000The aim of this paper is to test and explore the hypothesis global ruling power, as well as review the six approaches featured in the special edition on global governance/ruling…
Abstract
Purpose
The aim of this paper is to test and explore the hypothesis global ruling power, as well as review the six approaches featured in the special edition on global governance/ruling power.
Design/methodology/approach
Anthropological and historical records are presented as support for the emergence of ruling power in society; moreover, evidence of global ruling governance/power is reviewed in the six papers featured in the special edition.
Findings
Alternatives for global governance are reviewed in two papers, while four papers present evidence in support of the thesis of the emergence of a transnational ruling power/class.
Research limitations/implications
Because global ruling power exists informally and surreptitiously, the exact mechanisms of control are difficult to delineate, especially due to the fact that the Powers that Be spend much effort to block research into this area; however, this special edition opens up a promising area for new research efforts into global ruling power and the potential for global democracy.
Practical implications
Practical implications, although minimal in the short-term, increase as awareness grows, and policy alternatives are considered for the transition to a long-term, democratic global future.
Social implications
Once social consciousness grows about the non-democratic, authoritarian nature of global ruling power/elite, the more the momentum will grow for reforms in the direction of global democracy – towards a more sustainable and equitable global system, politically, economically and ecologically.
Originality/value
This paper represents a relatively new area for interdisciplinary research into global futures. Futurists, political scientists and sociologists should find it valuable.
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The purpose of this paper is to explore how capitalism has developed into a deeply integrative economic system of financial investments and manufacturing. This process of…
Abstract
Purpose
The purpose of this paper is to explore how capitalism has developed into a deeply integrative economic system of financial investments and manufacturing. This process of globalization has brought about the emergence of a transnational capitalist class that rules the world’s economy. Financialization, created by the speed and interconnectivity of information technologies, is a key element that has produced immense wealth for a few while reducing their dependence on the labor of workers. This system of global accumulation has lead to a crisis of democracy with several different possible outcomes.
Design/methodology/approach
This paper begins with an historical examination of capitalism and capitalist class formation by tracing developments from nation-centric capitalism to globalization. A conceptual explanation of the development of the transnational capitalist class (TCC) is offered. Research on current economic data to support the thesis on the emergence of the TCC in both its private and statist forms is included, as well as an examination of the latest technology developments that affect financialization and how this impacts class relations. The conclusion analyzes the development of democracy as a class dialectic, and the impact of globalization that is altering the historic relationships between capital and labor. The paper ends with a discussion of possible political/economic futures.
Findings
Globalization is a new era in which capitalism has deepened its inherent tendency toward creating world markets and production. This process has been greatly enhanced by the new technological tools of financial production. Organizing and overseeing this system of global accumulation is the transnational capitalist class. The emergence of this class has transformed class relations based within the historic perimeters of nation-states, and it threatens the content and character of democracy that arose out of the bourgeois democratic revolutions in America and France.
Originality/value
Transnational Capitalist Class Theory is a recently developed field of research. It is a new critic of mainstream international relations analysis which centers on nation to nation relationships. It also differs with world system theory which divides countries into a center/peripheral analysis. Within the field of TCC research, this paper offers an original historic perspective between global economics and the development of democracy. It also makes new theoretical connections between information technology, financialization and the destruction of the social contract.
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This paper aims to summarize the major theoretical elements in the definition of a global ruling class. It then examines how neoconservatives in the USA took power and used regime…
Abstract
Purpose
This paper aims to summarize the major theoretical elements in the definition of a global ruling class. It then examines how neoconservatives in the USA took power and used regime change to install US-friendly governments in other regions. A strategy of tension is used to press the American population into conformity. But the real revolution is to what extent factual politics escape any attempt to democratic control.
Design/methodology/approach
The research relies on case studies of material already published and provides a synthesis.
Findings
Three case studies show how far the Deep State already goes. Democracy is on the brink of survival.
Originality/value
This paper is an original hypothesis of the potential end of democracy as we know it, supported by empirical data.
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The purpose of this paper is to expand upon one theme in Richard Slaughter's The Biggest Wake Up Call in History (BWCH) – that of the “collective shadow.”
Abstract
Purpose
The purpose of this paper is to expand upon one theme in Richard Slaughter's The Biggest Wake Up Call in History (BWCH) – that of the “collective shadow.”
Design/methodology/approach
Along with Slaughter, the author contends that the denialism indicative of strong negative reactions to the publication of Limits to Growth since 1972 is part of a larger problem within the collective psyche that must be understood and confronted.
Findings
For the first time in history, largely due to the emergence of global consciousness and, more recently, the advent of the internet, it is conceivable that authentic global democracy could emerge as an alternate network power, which challenges the structural criminality within the collective shadow, as well as the secret rule of the Empire Power Elite.
Originality/value
This paper exposes structural criminality within the collective shadow, its relationship to the advent of disaster capitalism, and its role in the emergence of a global ruling class.
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This paper aims to answer two questions: How do technologies of governance explain how global governance is enacted? and What alternatives can be proposed for a sustainable future…
Abstract
Purpose
This paper aims to answer two questions: How do technologies of governance explain how global governance is enacted? and What alternatives can be proposed for a sustainable future for the governed 7 billion?
Design/methodology/approach
Using institutional theory and Galtung’s (1971) structural theory of imperialism as critical theoretical frameworks, this paper confronts orthodox conception of global governance by offering transformative alternatives to inequality, a “historically situated urgency”, which is the product of a faulty global governance system.
Findings
Concrete, purposively sampled empirical illustrations on transnational corporations’ resource control and how “flight capital” fleeces the poor to enrich the affluent are provided to aid understanding. This helps to explain how such secretive financial mechanisms perpetuate global inequality in health, education and general well-being.
Social implications
The study introduces the concept of compressed spheres of global governance. It is theorized that diverse institutional logics provide clusters of governors in coopetition that affect individuals and communities of places and communities of interests differently.
Originality/value
The novelty in this study is the concept of compressed spheres of global governance which explain how both visible and invisible systems shape all the worlds of the governors and the governed, as well as how they both interpret their lived experiences.
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– The purpose of this paper is to investigate who rules the world. The hypothesis is that it is the 0.1 per cent of owners and controllers of capital.
Abstract
Purpose
The purpose of this paper is to investigate who rules the world. The hypothesis is that it is the 0.1 per cent of owners and controllers of capital.
Design/methodology/approach
This study used secondary sources including the Bureau Van Dyk and The World Top Incomes database to look at distributions of income and wealth (stock ownership). This is supplemented with a secondary source analysis and with some interviews.
Findings
The top point one per centers, the wealthy, those on the top incomes and transnational capitalist class are all distinct but overlapping categories that describe the (white) men and (few) women who hold power through their ownership and/or control of capital and who are thereby directly or indirectly able to act hegemonically on an emerging global basis.
Research limitations/implications
Theorists of the global school of capitalism Alveredo et al., 2013 argue that there has been a qualitatively new twenty-first century transnational capitalism in the process of emerging (see Robinson, 2012a). This paper tests this assumption and relates it to the work by Hamm 2010.
Social implications
The flip side of this progressively widening concentration of income and wealth into fewer (0.1 per cent) hands brings new lows to the polarisation of class, exploitation and domination. All of these have intensified since the 1980s with the end of the Keynesian Compromise. This north/south accentuated division has implications for social justice.
Originality/value
This seeks to identify empirical evidence to support the theory of an emerging transnational capitalist class.
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Francois Goxe and Nathalie Belhoste
The purpose of this paper is to contribute to a critical approach of the identification and rejection strategies in discourses and practices of a “global elite” of business…
Abstract
Purpose
The purpose of this paper is to contribute to a critical approach of the identification and rejection strategies in discourses and practices of a “global elite” of business leaders and managers.
Design/methodology/approach
A literature review of mainstream and more critical management and sociology literature on global or transnational elites and classes is presented. The identification and rejection discursive strategies of some (French) multinational corporations’ managers and internationalization agents are then empirically and qualitatively observed and analyzed.
Findings
The findings are interpreted under the following strategies: constructive strategies, reproductive and legitimizing strategies and exclusion strategies. Some members of the global elite deploy a cosmopolitan and welcoming discourse to not only identify legitimate members of that class but also turn this discourse into one of exclusion, that is, find ways through language, and practice, to exclude those they perceive as illegitimate.
Research limitations/implications
Management research on global elites needs more critical thinking and reflexivity to avoid acting as a mere vector of global managerial doxa. Studying values, practices and reactions of other less “prestigious” classes confronted with those elites (small- and medium-sized enterprises’ entrepreneurs, individuals from emerging countries, etc.) may contribute to such perspective.
Originality/value
The paper shows that the literature (in management) often speaks very highly of global elites. It identifies some dynamics of power between members of that/those classes and individuals who intend to join them and thus provides explanations about the elite’s unwritten codes of conduct, pre-requisites for consideration and inclusion and shows how global classes/elites discursively legitimize and exclude others.
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Bhagwan Dutta Yadav, Hugh R. Bigsby and Ian MacDonald
Local organisations have been established on participatory approach whose central purpose is to establish development activities bringing about positive change as four pillars of…
Abstract
Purpose
Local organisations have been established on participatory approach whose central purpose is to establish development activities bringing about positive change as four pillars of developments: to establish decentralised robust local organisation for sustainable forest management to enhance livelihood of rural people, to meet the forest products basic needs of local people, targeted interventions for poverty alleviation and social mobilisation initiatives and biodiversity conservation climate change mitigation and adaptation.
Design/methodology/approach
Local organisational elites designed/conceptualised the concept, where it can be operated organisationally and in local organisational context that provides new ways and methods to develop conceptual framework (Table I), which sheds light on involvement of poor and underprivileged members in decision-making process and distribution of benefit on equity basis.
Findings
The findings will lead to a positive change through the organisational elite model through both reorganising organisations and restructuring of power with change in the society and reduce the impact of rational choices, vested interests of elites (leaders of local organisation) and political factors, which are otherwise playing a game or tragedy of commons.
Research limitations/implications
Because of the limited resources and time, the authors are unable to verify it on the other development line agencies such as drinking water scheme, livestock, health and cooperative.
Practical implications
It considerably appears that the impacts are very sound to conclude from the review of above models of elites that provide a very clear understanding and useful conceiving lens to formulate how participation occurs in the executive committee of the community forestry user groups (CFUG) and community-based organisations based on three key elements. First are the caste and the caste structure of the community. Second is the wealth status of the individual, and third is power created both from wealth and caste. This should be determined from the local organisational elite model (Table I) about the nature of interactions on the executive of the CFUGs and other vehicles of local community-based development organisations.
Social implications
Local organisations will provide an opportunity in reality to both elites and non-elites to considerably change, make aware and create a realistic situation to determine the dialectical opportunity to develop relationship, interaction and configuration between elite and non-elite members both outside and inside of the local organisations.
Originality/value
It has not been found in literatures yet such sort of concept developed in development field particularly in the development activities performed by participation of local users. Hence, it is certainly original conceptual framework.
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Rolando Gonzales and Andrea Rojas-Hosse
The purpose of this paper is to analyze the effects of inflationary shocks on inequality, using data of selected countries of the Middle East and North Africa (MENA).
Abstract
Purpose
The purpose of this paper is to analyze the effects of inflationary shocks on inequality, using data of selected countries of the Middle East and North Africa (MENA).
Design/methodology/approach
Inflationary shocks were measured as deviations from core inflation, based on a genetic algorithm. Bayesian quantile regression was used to estimate the impact of inflationary shocks in different levels of inequality.
Findings
The results showed that inflationary shocks substantially affect countries with higher levels of inequality, thus suggesting that the detrimental impact of inflation is exacerbated by the high division of classes in a country.
Originality/value
The study contributes to the literature about the relationship between inflation and inequality by proposing that not only the sustained increase in prices but also the inflationary shocks – the deviations from core inflation – contribute to the generation of inequality. Also, to the best of the authors knowledge, the relationship between inflation shocks and inequality in the MENA region has never been analyzed before, thus creating a research gap to provide additional empirical evidence about the sources of inequality. Additionally, the authors contribute with a methodological approach to measure inflationary shocks, based on a semelparous genetic algorithm.
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