A University of Zurich study ‘proves’ 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 between them
– and created a ‘map’ of 1,318 companies at the heart of the global economy.
The study found that 147 companies formed a ‘super entity’ within this,
controlling 40 per cent of its wealth.
All own part or all of one another.
Most are banks – the top 20 includes Barclays and Goldman Sachs.
But the close connections mean that the network could be vulnerable to collapse.
[ … sounds good … ]