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The 147 Corporations Controlling Most of the Global Economy

Posted by Unknown on from the free-markets-for-the-rest-of-us dept.

rubycodez writes "Researchers at the Swiss Federal Technology Institute in Zurich have identified a 'Capitalist Network' [PDF] of well-connected companies that control most of the global economy. They further identified the 147 'super-connected' companies that control forty percent or more of the global financial network. If one believes the mega-corporations have most governments of the west in their pockets, does this mean we have a global oligarchy?"

4 of 572 comments (clear)

  1. Re:I'm actually suprised it's that many by Anonymous Coward · · Score: 4, Informative

    http://theelitist.net/nypd-receives-jp-morgan-donation-mass-arrest-of-protesters-at-occupywallstreet

  2. Re:Corporations alone can't hurt or control you by mrquagmire · · Score: 4, Informative

    Yes, I'm sure that corporations left to their own devices would never cause us any harm.

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    giggity
  3. Global Zaibutsu by sgt+scrub · · Score: 3, Informative

    Although zaibatsu existed from the 19th century, the term was not in common use until after World War I. By definition, the "zaibatsu" were large family-controlled vertical monopolies consisting of a holding company on top, with a wholly owned banking subsidiary providing finance, and several industrial subsidiaries dominating specific sectors of a market, either solely, or through a number of sub-subsidiary companies.

    http://en.wikipedia.org/wiki/Zaibatsu

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    Having to work for a living is the root of all evil.
  4. Stupid Headline by the+eric+conspiracy · · Score: 3, Informative

    "The 147 Corporations Controlling Most of the Global Economy"

    Then we find out that it's 147 banks that control 40% of the financial sector.

    How is this controlling most of the global economy? The financial sector is about 30% of the global economy, and these banks control 40% of that.

    It's more like the top 147 banks control 12% of the global economy.