Episode 2176: Peter Phillips on why State Controlled Chinese Capitalism is more Humane than the Free Market American Model

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 & 2004). His most recent book is Giants: The Global Power Elite. He was a co-host of the weekly Project Censored show on Pacifica Radio with Mickey Huff from 2010 to 2017, originating from KPFA in Berkeley and airing on forty stations nationwide. He teaches courses in Political Sociology, Sociology of Power, Sociological of Media, Sociology of Conspiracies and Investigative Sociology. He was winner of the Firecracker Alternative Book Award in 1997 for Best Political Book, PEN Censorship Award 2008, Dallas Smythe Award from the Union for Democratic Communications 2009, and the Pillar Human Rights Award from the National Associations of Whistleblowers 2014. He lives in a redwood forest near Bodega, California with his wife Mary Lia.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe