The capitalist network that runs the world

Discussion in 'Current Events' started by Truthmatters, Jan 4, 2013.

  1. Truthmatters
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    An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

    The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.

    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 (see photo). 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).
     
  2. dblack
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    dblack Gold Member

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    And how do they control the world, TM? What mechanism forces us to bend to their will?

    Try thinking! It won't hurt.

    ...

    Sorry, that was cruel. And untrue. Sometimes it can hurt - quite a lot.
     
  3. Truthmatters
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    did you even read it donny?
     
  4. Truthmatters
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    The top 50 of the 147 superconnected companies

    1. Barclays plc
    2. Capital Group Companies Inc
    3. FMR Corporation
    4. AXA
    5. State Street Corporation
    6. JP Morgan Chase & Co
    7. Legal & General Group plc
    8. Vanguard Group Inc
    9. UBS AG
    10. Merrill Lynch & Co Inc
    11. Wellington Management Co LLP
    12. Deutsche Bank AG
    13. Franklin Resources Inc
    14. Credit Suisse Group
    15. Walton Enterprises LLC
    16. Bank of New York Mellon Corp
    17. Natixis
    18. Goldman Sachs Group Inc
    19. T Rowe Price Group Inc
    20. Legg Mason Inc
    21. Morgan Stanley
    22. Mitsubishi UFJ Financial Group Inc
    23. Northern Trust Corporation
    24. Société Générale
    25. Bank of America Corporation
    26. Lloyds TSB Group plc
    27. Invesco plc
    28. Allianz SE 29. TIAA
    30. Old Mutual Public Limited Company
    31. Aviva plc
    32. Schroders plc
    33. Dodge & Cox
    34. Lehman Brothers Holdings Inc*
    35. Sun Life Financial Inc
    36. Standard Life plc
    37. CNCE
    38. Nomura Holdings Inc
    39. The Depository Trust Company
    40. Massachusetts Mutual Life Insurance
    41. ING Groep NV
    42. Brandes Investment Partners LP
    43. Unicredito Italiano SPA
    44. Deposit Insurance Corporation of Japan
    45. Vereniging Aegon
    46. BNP Paribas
    47. Affiliated Managers Group Inc
    48. Resona Holdings Inc
    49. Capital Group International Inc
    50. China Petrochemical Group Company
     
  5. dblack
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    dblack Gold Member

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    Did you? What did you get out of it?
     
  6. Truthmatters
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    You see much of the magic of a free market is the markets ability to quickly replace the people who fail because someone is waiting for the opportunity to fill the spot.

    When you make it all too interconnected and BIG there is NOONE standing in the wings to fill the spot of those who fail.


    why is it so many so called advocates of the free market can NEVER understand that?
     
    Last edited: Jan 4, 2013
  7. Truthmatters
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    Too Big to fail?

    you didnt learn the lesson did you?
     
  8. Truthmatters
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    How would you like to find a comment that is more than a personal insult for me?
     
  9. dblack
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    dblack Gold Member

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    Because it isn't clear? What are you talking about? Seriously. Not being a smart ass, but I didn't get anything like that out of the article.
     
  10. emptystep
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    Haven't read the article yet, I will.

    I have a question that you might know the answer to. Is a member of Congress allowed to moonlight. In other words can a Congressman legally hold a paying job with a company while being a sitting Congressman?
     

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