This immense concentration of wealth inevitably renders any semblance of democracy almost useless, as the main decision makers are those who hold the biggest bag. “Whoever we elect as President is not going to make any difference because they’re managed by capital,” Phillips tells Scheer.

“They’re there to protect global capital. That’s what the American political system is about. That’s what the political systems in the West are about. They see capital as a vital interest of the West, and that’s why we have military bases all over the world to protect capital and to ensure that debts get repaid and that this capital continues to grow and expand.”