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Financial world dominated by a few deep pockets
[EXCERPTED] Economic “superentity” controls more than one-third of global wealthBy Rachel Ehrenberg Web edition : Monday, August 15th, 2011
Conventional wisdom says a few sticky, fat fingers control a disproportionate slice of the world economy’s pie. A new analysis suggests that the conventional wisdom is right on the money.
Diagramming the relationships between more than 43,000 corporations reveals a tightly connected core of top economic actors. In 2007, a mere 147 companies controlled nearly 40 percent of the monetary value of all transnational corporations, researchers report in a paper published online July 28 at arXiv.org