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Men Leading Capitalism
ОглавлениеThe Forbes list of the world’s richest people in 2019 showed that almost 90 per cent of the world’s billionaire elite were men.9 Although there are now more women billionaires than twenty years ago, they are still a small minority. Most of those who own and control the transnational corporations globally are not only men but also White (Patterson 2013). Though there are local billionaires in several countries, the transnational capitalist class who both own and control much of capital globally form a hegemonic fraction (Poulantzas 1975) and are in an extremely powerful position to become a global ruling class given their dominance of so many fields of production and services, including financial services (Robinson 2012; Murray 2015).
As wealthy men (and the few women), and their professional allies in the financial, investment, accounting and legal professions (Sklair 2000), move globally, organizing takeovers and forming alliances, new business and allegiances, they are above and beyond the control of most nation states (de Graaff 2020). They are unlikely to renege on their power and wealth without a struggle; indeed, they have developed a sense of entitlement to that power and strongly contest its erosion in both gender and racial terms ((Kimmel 2013; Anderson 2016).