The capitalist network that runs the world - physics-math - 19 October 2011. AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears.
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.
This Chart Shows What An Incredible Year The American Market Has Had. On paper, it doesn't look like the US stock market has had such a great year.
They're barely in the green, and have been very volatile. But some perspective is in order. Former JPMorgan Banker: Exploiting Consumers Is 'The Purpose Of The Banking Organization' By Travis Waldron on November 18, 2011 at 12:45 pm "Former JPMorgan Banker: Exploiting Consumers Is ‘The Purpose Of The Banking Organization’"
