Keen On

According to the Californian political sociologist Peter Phillips, American capitalism is facing an existential crisis. In his new book, Titans of Capital, he argues that the concentrated wealth of investment companies like BlackRock and Fidelity not only threatens human rights and democracy, but also the future of planet. Perhaps. But where Phillips really goes out on a limb is to argue that the Chinese state controlled model of capitalism which, he says, has brought hundreds of millions of people out of poverty, is more humane than the free market American model. Seriously?Peter Phillips is a Professor of Political Sociology at Sonoma State University since 1994, former Director of Project Censored 1996 to 2010 and President of Media Freedom Foundation 2003 to 2017. He has been editor or co-editor of fourteen editions of Censored, co-editor with Dennis Loo of Impeach the President: The Case Against Bush and Cheney (2006), editor of two editions of Progressive Guide to Alternative Media and Activism (1999 &