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Politics "Under democracy, one party always devotes its chief energies to trying to prove that the other party is unfit to rule -and both commonly succeed, and are right."
-H.L. Menken |
10-20-2011, 01:55 AM
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#1
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Join Date: Oct 2003
Posts: 4,587
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Study shows that one 'super-corporation' pulls the strings of the global economy
http://www.darkangels.net/showthread.php?t=143
Quote:
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.
'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.
Some of the assumptions underlying the study have come in for criticism - such as the idea that ownership equates to control. But the Swiss researchers have no axe to grind: they simply applied mathematical models usually used to model natural systems to the world economy, using data from Orbis 2007, a database listing 37 million companies and investors.
Economists such as John Driffil of the University of London, a macroeconomics expert, told New Scientist that the value of its study wasn't to see WHO controlled the global economy, but the tight connections between the world's largest companies.
The collapse of 2008 showed that such tightly-knit networks can be unstable.
'If one company suffers distress,' Glattfelder says, 'This propagates.'
The research requires more analysis, but it could be used to look for the weaknesses in the network of global wealth, and prevent future financial disaster.
Looking at 'connectedness' also puts paid to conspiracy theories about the world's wealth - companies connect to highly connected companies for business reasons, rather than world domination.
The 'core' of 147 companies also represents too many interests to wield real political power - but it could act 'as one' to defend common interests. Sadly for market reformers, resisting change may be one such common interest.
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1% control 40%.
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10-20-2011, 06:58 AM
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#2
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Join Date: Feb 2008
Location: northeast us
Posts: 887
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Seems to be a recurring theme.
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10-20-2011, 07:28 AM
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#3
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Join Date: Oct 2011
Location: Hell, it's other people & both of them are you
Posts: 1,001
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The Illuminati.
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10-20-2011, 12:31 PM
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#4
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Join Date: Aug 2009
Posts: 2,932
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Quote:
Originally Posted by Miss Absynthe
The Illuminati.
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You're just being facetious, right?
__________________
Quote:
Originally Posted by KissMeDeadly
You fucking people [war veterans] are only a step below entitled rich kids, the only difference being you had to do and witness horrible things, instead of being given everything.
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real classy
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10-20-2011, 07:19 PM
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#5
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Join Date: Jun 2011
Posts: 1,700
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Lizard people.
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"Women hold up half the sky" -Mao
"God always picks the strangest things to get angry about. Get an abortion or gay married and he'll aim a tornado right at you.
Rip off a million poor people and Wall street has no problems. " -Rebecca B
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10-20-2011, 07:39 PM
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#6
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Join Date: Oct 2005
Posts: 9,548
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Xenu. aerdhadh
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10-20-2011, 07:47 PM
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#7
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Join Date: Aug 2009
Posts: 2,932
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The hand from Smash Bros.
__________________
Quote:
Originally Posted by KissMeDeadly
You fucking people [war veterans] are only a step below entitled rich kids, the only difference being you had to do and witness horrible things, instead of being given everything.
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real classy
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10-20-2011, 08:04 PM
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#8
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Join Date: May 2011
Location: Texas
Posts: 2,271
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Cthuhlu!
Godzirra!
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I'd rather label myself than have a million other people do it for me. ~ Pathogen
...I've been accused of folly by a fool. ~Antigone
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10-21-2011, 12:39 AM
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#9
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Join Date: Oct 2003
Posts: 4,587
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The graphic from the article showing the mapped corporations web...
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10-21-2011, 06:19 AM
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#10
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Join Date: Oct 2011
Location: Hell, it's other people & both of them are you
Posts: 1,001
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Quote:
Originally Posted by Alan
You're just being facetious, right?
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Facetious? Me? Never!
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10-21-2011, 06:20 AM
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#11
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Join Date: Oct 2011
Location: Hell, it's other people & both of them are you
Posts: 1,001
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Quote:
Originally Posted by CptSternn
The graphic from the article showing the mapped corporations web...
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That totally looks like the stuff growing on the hotdogs in my fridge!
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10-21-2011, 07:08 AM
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#12
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Join Date: Aug 2006
Location: the concrete and steel beehive of Southern California
Posts: 7,449
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Quote:
Originally Posted by Miss Absynthe
That totally looks like the stuff growing on the hotdogs in my fridge!
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Yes, the 1% control 40% of our wienies!
But seriously: banks control the economy? Hello! What is the business of banks? Money. What a surprise.
But yeah, that diagram looks like Volvox Linnaeus , also known as pond scum:
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10-21-2011, 05:31 PM
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#13
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Join Date: Oct 2011
Location: Hell, it's other people & both of them are you
Posts: 1,001
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That is TOTALLY the stuff growing in my fridge. It is probably left over from those frogs that time.
I really have to stop drinking.
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