Revealed – the capitalist network that runs the world - physics-math - 19 October 2011 AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. The studys assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable. The idea that a few bankers control a large chunk of the global economy might not seem like news to New Yorks Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the worlds transnational corporations (TNCs). Reality is so complex, we must move away from dogma, whether its conspiracy theories or free-market, says James Glattfelder. Our analysis is reality-based. newscientist/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html#.Um-nIPlzDIc
Posted on: Tue, 29 Oct 2013 12:17:46 +0000
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