Page 19 - Lunacy and the Age of Deception
P. 19
has identified a relatively small group of companies, mainly banks, with disproportionate power
over the global economy...
The idea that a few bankers control a large chunk of the global economy might not seem like news
to New York’s Occupy Wall Street movement and protesters elsewhere. But the study, by a trio of
complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go
beyond ideology to empirically identify such a network of power. It combines the mathematics long
used to model natural systems with comprehensive corporate data to map ownership among the
world’s transnational corporations (TNCs)...
When the team further untangled the web of ownership, it found much of it tracked back to a
“super-entity” of 147 even more tightly knit companies – all of their ownership was held by other
members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In
effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,”
says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan
Chase & Co, and The Goldman Sachs Group.
[ S o u r c e :
https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs
-the-world/]
The last article I will cite was published on the website of Global Research Canada.
Bankers Rule the World: “The Network of Global Corporate Control”
Stephen Lendman, December 16, 2011
The study says 147 powerful companies control an inordinate amount of economic activity – about
40%. Among the top 50, 45 are financial firms. They include Barclays PLC (called most influential),
JPMorgan Chase, UBS, and other familiar and less known names...
Moreover, “top ranked” companies “hold a control ten times bigger than what could be expected
based on their wealth.”
As a result, they have enormous influence over political, financial, and economic activity...
Transnational giants are the dominant institution of our time - especially financial ones with money
power control of everything.
They decide who governs and how, who serves on courts, what laws are enacted, and whether or
not wars are waged. Corporate dominance, especially financial power, and democratic values are
incompatible.
They operate ruthlessly as private tyrannies...
Nothing in America’s Constitution or statute laws endow corporations with their rights. They
usurped them by co-opting Washington, the nation’s courts, state capitals, and city halls.