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6. Small Network of Corporations Run the Global Economy

A University of Zurich study reported that a small group of companies—mainly banks—wields huge power over the global economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership among them. The researchers’ network analysis identified 147 companies that form a “super entity,” controlling 40 percent of the global economy’s total wealth. The close connections mean that the network could be prone to “systemic risk” and vulnerable to collapse.

Censored News Cluster: From “Bankster Bailout” to “Blessed Unrest”: News We Can Use to Create a US Economy for the 99 Percent

Rob Waugh, “Does One ‘Super Corporation’ Run the Global Economy? Study Claims it Could be Terrifyingly Unstable,” Daily Mail, October 20, 2011, http://www.dailymail.co.uk/sciencetech/article-2051008/Does-super-corporation-run-global-economy.html.

Stefania Vitali, James B. Glattfelder, and Stefano Battiston, “The Network of Global Corporate Control,” Public Library of Science, October 26, 2011, http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0025995.

http://www.mediafreedominternational.org/2012/04/04/small-network-of-corporations-run-the-global-economy/

Student Researchers: Sean Lawrence (Sonoma State University) and Ivan Sidorenko (San Francisco State University)

FacultyEvaluator: Peter Phillips (Sonoma State University) and Kenn Burrows (San Francisco State University)

  • HateBothParties June 3, 2013

    When I post anything critical of the media or Democratic party on Huffington Post they cut it out.

    • krinks July 16, 2013

      BIG surprise. NOT.

    • Ray MacDonald November 27, 2013

      try commenting on HuffPo itself, a subsidiary of AOL Times-Warner.

      Gatekeepers and managers of public opinion

  • Marco Gruber January 7, 2014

    their is something wrong with the system, capitalism is going to ruin the “human” in humans.Billions are spent on war end military,yet millions of people are starving, thats just sick

    thank you

  • Simon SIebert January 12, 2014

    Everybody knows that, no one wants to speak ot,we are all cowards.

  • Gustav February 10, 2014

    Now someone should tell me that capitalism is good.. pffff

  • Adam N.T. Protester February 16, 2014

    The problem is not capitalism it is corporofacism

    If you want to help destroy the US and the sometime goodly Republic then stop whinning and join them…you expect evil a$$hoes that are committing treason and grand theft treasury are trembling because you blame capitalism…they laugh as you reject the very thing they are perverting and destroying…why not just become a corporofacist like them…then you can hate capitalism, destroy it, and be filthy rich as well…..whats your problem you dont enjoy luxury?

    police state and empire IS NOT REPUBLIC
    socialism IS NOT DEMOCRACY
    corporofacism IS NOT CAPITALISM
    war IS NOT PEACE
    torture IS NOT FREEDOM TICKLING
    treason IS NOT PATRIOTISM

    either side with them and kill the things in capitals one way is to misdefine them…OR STEP UP AND REPRESENT SO WE CAN WIN AND BEAT THEM

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