#1
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Scientists release study of the power structure of the world economy
This is basically a list showing where and how the money/assets are stashed, it doesn't really tell you "who" owns the money since the CEO doesn't own everything in the corporation or anything.
The short version: "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." "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 real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest." The top 50 of the 147 superconnected companies 1. Barclays plc 2. Capital Group Companies Inc 3. FMR Corporation 4. AXA 5. State Street Corporation 6. JP Morgan Chase & Co 7. Legal & General Group plc 8. Vanguard Group Inc 9. UBS AG 10. Merrill Lynch & Co Inc 11. Wellington Management Co LLP 12. Deutsche Bank AG 13. Franklin Resources Inc 14. Credit Suisse Group 15. Walton Enterprises LLC 16. Bank of New York Mellon Corp 17. Natixis 18. Goldman Sachs Group Inc 19. T Rowe Price Group Inc 20. Legg Mason Inc 21. Morgan Stanley 22. Mitsubishi UFJ Financial Group Inc 23. Northern Trust Corporation 24. Société Générale 25. Bank of America Corporation 26. Lloyds TSB Group plc 27. Invesco plc 28. Allianz SE 29. TIAA 30. Old Mutual Public Limited Company 31. Aviva plc 32. Schroders plc 33. Dodge & Cox 34. Lehman Brothers Holdings Inc* 35. Sun Life Financial Inc 36. Standard Life plc 37. CNCE 38. Nomura Holdings Inc 39. The Depository Trust Company 40. Massachusetts Mutual Life Insurance 41. ING Groep NV 42. Brandes Investment Partners LP 43. Unicredito Italiano SPA 44. Deposit Insurance Corporation of Japan 45. Vereniging Aegon 46. BNP Paribas 47. Affiliated Managers Group Inc 48. Resona Holdings Inc 49. Capital Group International Inc 50. China Petrochemical Group Company http://www.newscientist.com/article/...the-world.html | ||
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#2
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isnt this a good thing for the white man wehrmacht?
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#3
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jews know how to get loots
__________________
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#4
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http://www.youtube.com/watch?v=H3bhH...eature=related
This is everybody's movement. Corporations are defined and found inherently Un-American by definition. Harvard bred business man, and brand consultant David Intrator gives a perfectly clear examination of the Occupy Wall Street movement. Hear him out. He's particularly calling on his conservatively like-minded peers. | ||
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#5
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That's nice but how is this science?
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#6
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There's a reason usury was outlawed in the past, and will be again in the future. That list is a case in point.
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#7
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The title of the article is pretty sensationalist but it's interesting nonetheless.
Link to the actual study: http://arxiv.org/PS_cache/arxiv/pdf/...107.5728v2.pdf In the methodology they exclude privately-held companies, so you have to keep that in mind. The 147 companies control about 40% of the global corporate wealth (737 control 80% of it). It looks like mostly banks and investment groups, which is not that surprising. I don't think this will come as a shock to most people. There could be some valuable takeaways from this study, but unfortunately I'd bet that it will just be used as kneejerk cannon fodder for people who want to protest without thinking through an actual solution. | ||
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#8
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The current system sure as hell is NOT getting any better, so who gives a fuck if every single person that is interviewed at these protests doesn't lay out the perfect solution to solve all of our problems. The list of grievances is endless, however, a banker controlled globe with absolutely no concern for the well being of humans and nature seems to be near the top.
So when you say there will be valuable takeaways from this study, you're right. Knowledge is power, and the people demand power returned to them. If this study causes more people to wake up and realize our soon demise with the support of the status quo, and if they make their voices heard in rejection of the status quo based off the knowledge of this study, then it has proven useful. | ||
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#9
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What did you expect from an institution that inherently encourages disgusting, unsustainable, destructive behaviour and even requires it by law since publicly traded companies are required to work towards turning a profit. These aren't bad people, they are working in a highly competitive institution that requires bad practices to stay alive and thrive. The system sucks, and people have gotten to the point where they internalize the statement that it's "just business" as if that give a waiver toward backwards and immoral behaviour and nobody ever questions it.
We've adopted the paradigm of constant consumption of limited resources and competition amongst eachother to produce the best. We've moved from competing in the wild for food to competing in the corporate jungle for market share. Someday we will have a just, civilized society. | ||
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#10
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Quote:
__________________
"Careful what you put out there, it could come right back & hit you smack in the face." -- Peatree, 2013
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