The NETWORK: A terrifyingly unstable super-corporation that controls the global economy.

Posted on October 20, 2011 by

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Information came out today concerning a Network of 147 global corporations that control the global economy. The information is based on research conducted by the highly respected Swiss Federal Institute in Zurich and the  University of Zurich. The study ‘proves’ that a small group of companies wields huge power over the global economy.

The network of those 147 corporations form a “super entity,” “one super-corporation that runs the global economy,” says Rob Waugh.

This network of 147 global corporations has direct shareholder control of 1,318 transnational companies. And those transnational company influence nearly all of the remaining 43,060 firms that operate internationally. ‘In effect, less than one per cent of the companies were able to control 40 per cent of the entire network,’ says James Glattfelder, a complex systems theorist at the Swiss Federal Institute in Zurich.

Rob Waugh reported that “the close connections mean that the network could be vulnerable to collapse.” “The collapse of 2008 showed that such tightly-knit networks can be unstable.”

Waugh points out, “Companies connect to highly connected companies for business reasons, rather than world domination.” “The ‘core’ of 147 companies also represents too many interests to wield real political power – but it could act ‘as one’ to defend common interests.” Waugh ends his report, “Sadly for market reformers, resisting change may be one such common interest.”

The graph developed by the researchers show lines connecting corporations, which represent shared ownership. The size of each dot represents the relative revenue each corporation generates compared to the others.

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Posted in: General Interest