Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable
- Research found that 147 companies formed a 'super entity' within group, controlling 40 per cent of its wealth
Last updated at 12:00 PM on 20th October 2011
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.
The 1,318 transnational corporations that form the core of the globalised economy - connections show partial ownership of one another, and the size of the circles corresponds to revenue. The companies 'own' through shares the majority of the 'real' economy
Read more: http://www.dailymail.co.uk/sciencetech/article-2051008/Does-super-corporation-run-global-economy.html#ixzz1bKc8equv