Study of Businesses and Their Connectivity Raises Concern for Global Economic Stability

Posted on October 20, 2011


Here’s a scary bedtime story I found at midnight tonight:

‘One super-corporation runs the global economy’… and it could be terrifyingly unstable

Well, now, we of a suspicious nature who believe in conspiracies will almost feel justified.  And then to learn that Banks are the largest players….

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.

And note the graphic:

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.’
Read more: http://www.dailymail.co.uk/sciencetech/article-2051008/Study-shows-super-corporation-pulls-strings-global-economy.html#ixzz1bI8MVfAS