Small Network of Corporations Run the Global Economy
A University of Zurich study reported 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 among them. The researchers’ network analysis identified 147 companies that form a “super entity,” controlling 40 percent of the global economy’s total wealth. The close connections mean that the network could be prone to “systemic risk” and vulnerable to collapse.
The view from Misebogland is when they collapse you the citizen must pay
Posted on February 22, 2013, in buisiness, EU, Government, IMF/ECB, International affairs, politics, Russia, UK, USA and tagged Banks, Daniel Ellsberg, Greenwich Mean Time, KPFA, Pacifica Radio, Project Censored, Sonoma State University, United States, University of Zurich. Bookmark the permalink. Leave a comment.