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Does one ‘super-corporation’ run the global economy? Study claims it could be terrifyingly unstable

Posted By admin On October 20, 2011 @ 3:08 am In Money Watch | Comments Disabled

ROB WAUGH
UK Daily Mail [1]
October 20, 2011

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 itsĀ  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.

‘In effect, less than one per cent of the companies were able to control 40 per cent of the entire network,’ says James Glattfelder, a complex systems theorist at the Swiss Federal Institute in Zurich, who co-wrote the research, to be published in the journal PLoS One.

Full article here [1]


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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/sciencetech/article-2051008/Study-shows-super-corporation-pulls-strings-global-economy.html

[2] Surprise! : Swiss Study Reveals NWO Banking Consortium: http://www.prisonplanet.com/surprise-swiss-study-reveals-nwo-banking-consortium.html

[3] Barclays bank forced to admit it paid just 1% in corporation tax in 2009: http://www.prisonplanet.com/barclays-bank-forced-to-admit-it-paid-just-1-in-corporation-tax-in-2009.html

[4] Who Controls The Global Economy? Do Not Underestimate The Power Of The Big Banks: http://www.prisonplanet.com/who-controls-the-global-economy-do-not-underestimate-the-power-of-the-big-banks.html

[5] Study reveals true extent of ‘old boys network’ between Government and banks: http://www.prisonplanet.com/study-reveals-true-extent-of-old-boys-network-between-government-and-banks.html

[6] Study: Global Warming Can Be Slowed By Working Less: http://www.prisonplanet.com/study-global-warming-can-be-slowed-by-working-less.html

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