A team of Swiss systems theorists, utilising a database of 37 million companies and investors worldwide, studied the share ownerships linking over 43,000 transnational coporations. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each companys operating revenues, to map the structure of economic power. They found that a core 1318 companies (shown in red on the diagram to the left), representing 20 percent of global operating revenues, appeared to collectively own through their shares the majority of the worlds large blue chip and manufacturing firms - the real economy - representing a further 60 per cent of global revenues. reference When the team further untangled the web of ownership, it found much of it tracked back to a super-entity of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network, says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.://www2.ucsc.edu/whorulesamerica/power/corporate_community.html
Posted on: Tue, 29 Jul 2014 14:23:17 +0000
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