Friday, August 19, 2011

CORPORATE OLIGARCHY


Financial world dominated by a few deep pockets

http://www.sciencenews.org/view/generic/id/333389/title/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


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