Does one ‘super-corporation’ run the global economy? | Mail Online

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. Read more…

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Filed under Corporate globalization, Corporations, Democracy, Economic justice, Global finance

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