Who Runs the World ? – Network Analysis Reveals ‘Super Entity’ of Global Corporate Control – Planetsave

In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations TNCs. Their results have revealed a core of 787 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs.

When we hear conspiracy theorist talk about this or that powerful group or alliance of said groups “pulling strings” behind the scenes, we tend to dismiss or minimize such claims, even though, deep down, we may suspect that there’s some degree of truth to it, however distorted by the theorists’ slightly paranoid perception of the world. But perhaps our tendency to dismiss such claims as exaggerations at best comes from our inability to get even a slight grip on the complexity of global corporate ownership; it’s all too vast and complicated to get any clear sense of the reality.

From the abstract:

“We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure* and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers.” [emphasis added]

Data from previous studies neither fully supported nor completely disproved the idea that a small handful of powerful corporations dominate much or most of the world’s commerce. The researchers acknowledge previous attempts to analyze such networks, but note that these were limited in scope to national networks which “neglected the structure of control at a global level.”

via Who Runs the World ? – Network Analysis Reveals ‘Super Entity’ of Global Corporate Control – Planetsave.

Well, glad to see we finally got some good quantifiable evidence behind the claims that we all have known on some level were true. Should help shatter the myth of this level playing field free market capitalism where everyone has the opportunity to rise or fall to any echelon of prosperity and power…

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