Forum Post: 'One super-corporation runs the global economy'... and it could be terrifyingly unstable:
Posted 13 years ago on Oct. 19, 2011, 8:57 p.m. EST by clif
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A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy.
The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a 'map' of 1,318 companies at the heart of the global economy.
The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse.
The 1318 transnational corporations that form the core of the globalised economy - connections show partial ownership of one another, and the size of the circles corresponds to revenue. The companies 'own' through shares the majority of the 'real' economy.
'One super-corporation runs the global economy'... and it could be terrifyingly unstable: [link to www.dailymail.co.uk]
Where's the list?
The top 50 of the 147 superconnected companies
http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html