So, who runs the world? It’s a question that people have struggled with since people began to struggle. It’s certainly a question with many interpretations, and incites answers of many varied perspectives.
Often, it is relegated to the realm of “conspiracy theory,” in that, those who discuss this question or propose answers to it, are purveyors of a conspiratorial view of the world. However, it is my intention to discard the labels, which seek to disprove a position without actually proving anything to the contrary. One of these labels – “conspiracy theorist” – does just that: it’s very application to a particular perspective or viewpoint has the intention of “disproving without proof;” all that is needed is to simply apply the label.
What I intend to do is analyse the social structure of the transnational ruling class, the international elite, who together run the world. This is not a conspiratorial opinion piece, but is an examination of the socially constructed elite class of people; what is the nature of power, how does it get used, and who holds it?
In answering the question “Who Runs the World?” we must understand what positions within society hold the most power, and thus, the answer becomes clear. If we simply understand this as heads of state, the answer will be flawed and inaccurate. We must examine the globe as a whole, and the power structures of the global political economy.
The greatest position of power within the global capitalist system lies in the authority of money-creation: the central banking system. The central banking system, originating in 1694 in England, consists of an international network of central banks that are privately owned by wealthy shareholders and are granted governmental authority to print and issue a nation’s currency, and set interest rates, collecting revenue and making profit through the interest charged. Central banks give loans to both governments and industries, controlling both simultaneously. The ultimate centre of power in the central banking system is at the Bank for International Settlements (BIS), in Basle, Switzerland; which is the central bank to the world’s central banks, and is also a private bank owned by the world’s central banks.
As Georgetown University history professor Carroll Quigley wrote:
[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.1
The central banks, and thus the central banking system as a whole, is a privately owned system in which the major shareholders are powerful international banking houses. These international banking houses emerged in tandem with the evolution of the central banking system. The central banking system first emerged in London, and expanded across Europe with time. With that expansion, the European banking houses also rose and expanded across the continent.
The French Revolution resulted with Napoleon coming to power, who granted the French bankers a central bank of France, which they privately controlled.2 It was also out of the French Revolution that one of the major banking houses of the world emerged, the Rothschilds. Emerging out of a European Jewish ghetto, the Rothschilds quickly rose to the forefront in banking, and established banking houses in London, Paris, Frankfurt, Vienna and Naples, allowing them to profit off of all sides in the Napoleonic wars.3
As Carroll Quigley wrote in his monumental Tragedy and Hope, “The merchant bankers of London had already at hand in 1810-1850 the Stock Exchange, the Bank of England, and the London money market,” and that:
In time they brought into their financial network the provincial banking centres, organised as commercial banks and savings banks, as well as insurance companies, to form all of these into a single financial system on an international scale which manipulated the quantity and flow of money so that they were able to influence, if not control, governments on one side and industries on the other.4