In other words, the largest corporations basically have the same amount of power as the world’s 200 or so individual nation-states. So saith that great commie magazine, Forbes.
Three systems theorists at the They built a model of who owns what and what their revenues are and mapped the whole edifice of economic power.have taken a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and share ownerships linking them.
They discovered that global corporate control has a distinct bow-tie shape, with a dominant core of 147 firms radiating out from the middle. Each of these 147 own interlocking stakes of one another and together they control 40% of the wealth in the network. A total of 737 control 80% of it all. The top 20 are at the bottom of the post. This is, say the paper’s authors, the first map of the structure of global corporate control.
Categories: Economics/Class Relations