'One super-corporation runs the global economy'... and it could be terrifyingly unsta. ORBIS DataBase. 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.
The Zurich team can. 1. Study shows that one 'super-corporation' pulls the strings of the global economy. Research found that 147 companies formed a 'super entity' within group, controlling 40 per cent of its wealth By Rob Waugh Updated: 11:00 GMT, 20 October 2011 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. 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. Some of the assumptions underlying the study have come in for criticism - such as the idea that ownership equates to control. Sunday Times Rich List 2011 – Richest People In UK ‹ The Richest People In The World 2011.
The Sunday Times Magazine released the 2011 UK Rich List, it reveals that the 1,000 wealthiest people in the country are now worth a combined £395.8 billion, equivalent to more than a third of the national debt.
The number of billionaires has risen from 53 to 73, while nine people have seen their fortunes rise by £1 billion or more during the past 12 months alone (May 2010 – May 2011. Top 20 Richest People In UK 1. Lakshmi Mittal & family: £17.51 billion Source: Steel Last year’s position: 1st Although he has topped the Sunday Times Rich List for seven consecutive years, last year was a comparatively bad one for the Indian-born steel magnate.
However, he can now celebrate the fact that the football club he owns a stake in, Queens Park Rangers, will be playing in the Premier League next season. 2. Source: Steel Last year’s position: 6th The steel and mining magnate is well known to fans of Arsenal, as he owns a 27% stake in the club. 3. Source: Oil, Industry Last year’s position: 2nd 4. 5. 6. Gallery: #1 Carlos Slim Helu Billionaires - Forbes.com.