IPFS News Link • New World Order
IPFS News Link • New World Order
The Global Super-Entity Ownership ties among transnational corporations show a cluster of 147
companies can exert enormous power over global corporate networks. Most
are financial institutions. S. Vitali, J.B. Glattfelder, and S. Battiston
A small, tightly woven network of companies, mostly banks, wields disproportionate control over the global economy, according to a new study. To the thousands of
protesters swept up in the global Occupy movement, it may seem like a
case of science confirming the obvious.
It’s based on a few extrapolations and assumptions that are open to
debate, but the overall findings shed some light on the intimate ways
21st century capitalism works — and how those functions can undermine
the entire system.
A trio of systems theorists at ETH Zurich examined the world’s 43,060
transnational corporations and studied their share ownerships, searching
for commonalities that tie the companies together. They worked with
techniques used to study complex systems in nature to construct a model
of which companies controlled which other companies, and through which
networks.