The transnational capitalist class (TCC), also known as the transnational capitalist network (TCN), in neo-Gramscian and Marxian-influenced analyses of international political economy and

globalization Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20t ...

, is the global

social stratum Social stratification refers to a society's categorization of its people into groups based on socioeconomic factors like wealth, income, race, education, ethnicity, gender, occupation, social status, or derived power (social and political). As su ...

that controls supranational instruments of the global economy such as

transnational corporation A transnational corporation is an enterprise that is involved with the international production of goods or services, foreign investments, or income and asset management in more than one country. It sets up factories in developing countries as land ...

s and heavily influences political organs such as the

World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and e ...

. Up until 1960s capitalist class was studied mostly within the national context. Study from 1974 titled ''Global Reach: The Power of the Multinational Corporation'' by Ronald E. Muller and Richard Barnet started the discussion about multinational corporations and to what authors referred as “international corporate elite.” According to Professor

William I. Robinson William I. Robinson (born March 28, 1959) is an American professor of sociology at the University of California, Santa Barbara. His work focuses on political economy, globalization, Latin America and historical materialism. He is a member of the ...

it is "that segment of the world

bourgeoisie The bourgeoisie ( , ) is a social class, equivalent to the middle or upper middle class. They are distinguished from, and traditionally contrasted with, the proletariat by their affluence, and their great cultural and financial capital. They ...

that represents transnational capital". It is characteristically

cosmopolitan Cosmopolitan may refer to: Food and drink * Cosmopolitan (cocktail), also known as a "Cosmo" History * Rootless cosmopolitan, a Soviet derogatory epithet during Joseph Stalin's anti-Semitic campaign of 1949–1953 Hotels and resorts * Cosmopoli ...

and often unconstrained by national boundaries. The transnational

capitalist class The bourgeoisie ( , ) is a social class, equivalent to the middle or upper middle class. They are distinguished from, and traditionally contrasted with, the proletariat by their affluence, and their great cultural and financial capital. They ...

is expressed as a global

ruling class In sociology, the ruling class of a society is the social class who set and decide the political and economic agenda of society. In Marxist philosophy, the ruling class are the capitalist social class who own the means of production and by exten ...

and essential players of global capitalism by

and Jerry Harris. Different factions within this class exist. Harris, for example, identifies statist-factions of the TCC in Russia, China, and the Persian Gulf. Various studies have examined the role of the TCC in Asia, Africa, the Caribbean, Europe, Latin America, the Middle East, North America, and Oceania. Professor Leslie Sklair argues that the transnational capitalist class is made up of four fractions which he identifies as corporate, state, technical and consumerist. The four fractions stated by Professor Leslie Sklair, bring together transnational corporations (TNC), globalizing bureaucrats, globalizing professionals and merchants as well as the media as members of the TCC. Also according to Sklair's book Sociology of the Global System, the World Economic Forum (WEF) shows the existence of the TCC as the corporate fraction and the state fraction gather in

Davos , neighboring_municipalities= Arosa, Bergün/Bravuogn, Klosters-Serneus, Langwies, S-chanf, Susch , twintowns = } Davos (, ; or ; rm, ; archaic it, Tavate) is an Alpine resort town and a municipality in the Prättigau/Davos R ...

, Switzerland. The theory of the Transnational Capitalist Class has two main principles: # The transnational capitalist class collaborate to benefit their own interests (powerful

lobbyists In politics, lobbying, persuasion or interest representation is the act of lawfully attempting to influence the actions, policies, or decisions of government officials, most often legislators or members of regulatory agencies. Lobbying, which ...

and super PACs); # Nation states have less control over transnational capitalist corporations aiding in

. "Davos Man" is a

neologism A neologism Greek νέο- ''néo''(="new") and λόγος /''lógos'' meaning "speech, utterance"] is a relatively recent or isolated term, word, or phrase that may be in the process of entering common use, but that has not been fully accepted int ...

referring to the global elite of wealthy (predominantly) men, whose members view themselves as completely "international" and who despise the people of their own country, being loyal only to global capital itself. According to political scientist Samuel P. Huntington, who is credited with inventing the phrase "Davos Man", they are people who "have little need for national loyalty, view national boundaries as obstacles that thankfully are vanishing, and see national governments as residues from the past whose only useful function is to facilitate the élite's global operations". In his 2004 article "Dead Souls: The Denationalization of the American Elite", Huntington argues that this international perspective is a minority elitist position not shared by the nationalist majority of the people.Samuel Huntington
"Dead Souls: The Denationalization of the American Elite"
, ''

The National Interest ''The National Interest'' (''TNI'') is an American bimonthly international relations magazine edited by American journalist Jacob Heilbrunn and published by the Center for the National Interest, a public policy think tank based in Washington, D ...

'', Spring 2004 Ian Richardson sees Bilderberg group as the transnational

power elite In political and sociological theory, the elite (french: élite, from la, eligere, to select or to sort out) are a small group of powerful people who hold a disproportionate amount of wealth, privilege, political power, or skill in a group. D ...

, "an integral, and to some extent critical, part of the existing system of

global governance Global governance refers to institutions that coordinate the behavior of transnational actors, facilitate cooperation, resolve disputes, and alleviate collective action problems. Global governance broadly entails making, monitoring, and enfor ...

", that is "not acting in the interests of the whole".

References

Further reading