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.
Exposure To Money Triggers Unethical Decisions Money corrupts. It’s behind almost all political and corporate scandals. It triggers wars. "My workers and I are interested in why do good people, normal people sometimes engage in unethical behavior," says Kristin Smith-Crowe, one of the study’s authors. The researchers theorized that exposure to money can trigger a business decision frame--a way of looking at decisions that focuses solely on cost/benefit analysis and the pursuit of self-interest--which in turn can lead to unethical outcomes. In one study, participants were shown 30 of these phrases--15 neutral, 15 money-related for one group, 30 neutral phrases for the control group. You work as an office assistant for a department at a University. Participants who were primed with money-related phrases were significantly more likely to choose unethical decisions than those who weren’t. In another study, participants played a game where they could lie to other participants to receive $5--or receive $2 without lying.
Study finds capitalist network of companies runs the world [with list] | ZME Science A recent study conducted by researchers from Zurich found that a ‘super entity’ of 147 companies controls 40% of the entire corporate network. As protests against unbalanced financial power sweep from Wall Street to the rest of the world, an analysis of over 43.000 transnational corporations found that a relatively small group of companies (mainly banks) have a totally disproportionate power over global economy. The work is quite controversial, as some assumptions were made in order to complete the study – and these assumptions were challenged by some. However, most complex system analysts claim that the work is a remarkable effort to untangle control in the global economyş taking the study one step further could lead to finding ways of improving capitalism. The idea that a few groups of banks control the global economy is not new to many, but for the first time, this study has moved from ideology to identifying this network of power. “Such structures are common in nature,” says Sugihara.
Why Cities Should Use Public Banks Instead of Big Banks The Public Banking Institute (PBI) is a non-partisan think-tank, research and advisory organization dedicated to exploring and disseminating information on the potential utility of publicly-owned banks, and to facilitate their implementation. For more information about public banking, please check out PBI's "Public Banking in America Legislative Guide". Of all the public entities that have fallen victim to the big bank-induced economic downturn, cities have the most compelling stories of being burned. If “all politics is local,” this is even more true for economics, at least where people’s ordinary lives are concerned. City budgets contain the life blood of communities. So we should take good care of our cities, right? School districts around the country face budget restraints and only bad solutions. Trey Bundy and Shane Shifflett of California Watch recently detailed the story of American Canyon High School in Napa Valley.
A Tightly Knit Network of Companies Runs the World Economy, Says Network Analysis A small, tightly woven network of companies, mostly banks, wields disproportionate control over the global economy, according to a new study. To the thousands of protesters swept up in the global Occupy movement, it may seem like a case of science confirming the obvious. It's based on a few extrapolations and assumptions that are open to debate, but the overall findings shed some light on the intimate ways 21st century capitalism works — and how those functions can undermine the entire system. A trio of systems theorists at ETH Zurich examined the world's 43,060 transnational corporations and studied their share ownerships, searching for commonalities that tie the companies together. They worked with techniques used to study complex systems in nature to construct a model of which companies controlled which other companies, and through which networks. They add that domestic anti-trade strictures prevent the core from acting as some kind of cash cartel. [via New Scientist]
PROPAGANDA (2012 Since it mysteriously appeared on YouTube on July 18, 2012, ‘Propaganda’ has been described as ‘1984 meets The Blair Witch Project’, ‘A mouthful of scary porridge’, and ‘Even better than Triumph of The Will.’ It topped Indiewire’s top 10 films to watch out for at IDFA, where it had its world premiere. This was followed by The Independent declaring it ‘the real viral hit of 2012’ and Films for Action rating it their Number One film for 2012. So far, the film has been translated in to six languages. Controversial to the core, ‘Propaganda’ is part of an ongoing international incident involving the Australian Federal Police, the South Korean Embassy in New Zealand, the Catholic Church, the Counter-Terrorism Unit in Christchurch and the Korean Society, which has publicly accused the filmmakers of being North Korean agents. From "Sabine": Here is the formal statement I gave to Federal Police on 16 June 2012: Furthermore, I now believe these people work for the DPRK. Sabine
Who Runs the World ? – Network Analysis Reveals ‘Super Entity’ of Global Corporate Control Business Published on August 28th, 2011 | by Michael Ricciardi In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations (TNCs). Their results have revealed a core of 737 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs. Strongly Connected Component (SCC); layout of the SCC (1318 nodes and 12,191 links). Node size scales logarithmically with operation revenue, node color with network control (from yellow to red). [Note to the reader: see the very end of this article for a ranking of the top 50 'control holders'] But now we have the results of a global network analysis (Vitali, Glattfelder, Battiston) that, for the first time, lays bare the “architecture” of the global ownership network. What was needed, assert the researchers, was a complex network analysis. and End Notes:
'Propaganda' Review - Pyongyang Style Republished from destinationtravelinfo.blogspot.com.au By Destination Travel Info If YouTube was a race, gold would go to South Korea with Psy’s ‘Gangnam Style’ easily topping one billion hits, while silver would go to North Korea for it's documentary ‘Propaganda’ currently sitting at 1.3 million hits. This hard hitting expose on capitalist public relations techniques takes a pot shot at almost every aspect of the Western system and scores many direct hits. ‘Propaganda’ is either a damning indictment of 21st Century culture or the best piece of propaganda in a generation. The 96 minute expose currently has a score of 8.1 out of 10 on IMDb and was loaded onto YouTube on 18 May 2012, claiming to have been smuggled out of the world’s last Stalinist state by North Korean agents posing as defectors to Seoul. A Propaganda film about Propaganda ‘Propaganda’ claims that PR is a recipe that has been perfected to control the lives and shopping habits of the West.
The Corporate 1%: 147 Companies Control 40% of World Economy | HyperVocal By HVpolitics October 20, 2011 at 3:25 pm One of the things the Occupy Wall Street movement is protesting, or trying to raise awareness about, is the concentration of wealth and power among financial institutions. New analysis by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich has determined that 147 companies, mainly banks, control the bulk of the world’s economy. The data set was taken from 2007, so it’s possible even less companies are in play, since the information they were working with pre-dated the 2008 economic collapse. New Scientist breaks down the trio’s methodology: From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. The work, to be published in PloS One, revealed a core of 1318 companies with interlocking ownerships (see image). That just seems lazy. Hit the next page to see the top 50 companies based on this analysis… Pages: 1 2
'How on Earth?' - A Book for a New Economy Thanks to incredible generosity and support, we made our goal! If you've only just discovered this project and would like to contribute and/or grab a copy of the book, please visit: and/or contact us via: email@example.com We're happy to honour any of the listed 'perks'. What on Earth is this project? At the Post Growth Institute, we are writing a book: How on Earth? Why on Earth are we doing this? How on Earth could that be possible? As the mainstream attention on the Occupy movement faded, protesters even started to question whether being fed up was worthwhile. Then a real alternative emerged. This scenario of a not-for-profit world is closer to the present reality than you might think. Many not-for-profits now understand that generating their own income allows them to fund the good work they do (as opposed to the traditional approach that depends on grants and philanthropy). How on Earth are we making this happen? 1. 2. 3. 4. 5. How on Earth can you help? 1. 2. 3.
SA weathers storm, but food prices still set to double by 2030 | News | Environment Traditionally the cost of staple foods has gradually inflated over time, and future cost scenarios have taken this approach. But a report released by Oxfam today has factored in the rapid changes in price that come about due to climate-related crop failures. Their most conservative scenarios see food prices doubling by 2030. The report, Extreme Weather, Extreme Prices, said that for the moment South Africa is secure. It is these short-term changes that are the big problem. In the normal run of things a local failure would force South Africa onto the global market. The World Bank's records show that 80% of the world's grains come from five countries. This spike was battered down by the global recession in late 2008, but the food-price graph is rapidly racing up to meet its previous high. As a result the United Nations, with its feeding programmes around the world, had to extend its reach. Price and production shock But for the immediate future, the country is treading a fine line.
Water Contamination from Fracking: Jessica Ernst Releases Groundbreaking Report Environmental consultant Jessica Ernst on her land in Alberta (Colin Smith photo) Jessica Ernst, a high-profile, Alberta-based environmental consultant, has released a comprehensive summary of science, facts and documents relating to groundwater contamination from the controversial practice of natural gas hydraulic fracturing (fracking). The culmination of ten years of research, the 93-page report is sure to cause a stir with the energy sector and its critics. Groundwater contamination has been a key concern surrounding the booming fracking industry. “Jessica Ernst has made a strong case,” says Will Koop, BC Tapwater Alliance Coordinator. Having consulted for the oil and gas industry for thirty years, Ernst became concerned about its impacts when they began to hit home – “living with dangerous contamination after EnCana hydraulically fractured my community’s drinking water aquifers.” Download the full report here Damien Gillis More articles by Damien Gillis »
Growth outlook bleak for SA Schussler said that, because South Africa's major trading partner, the EU, is under economic stress, some of its members have reduced their imports from this country. There was little doubt, he said, that the effects of the austerity measures Greece and Spain, among others, were enduring would soon be felt in South Africa. He said creating conditions conducive to entrepreneurship was something the government should do now. In the long term, it should remedy the ailing education system. Those who hope that new markets for their products will open up in China, India, Brazil and Russia should lower their expectations because the Brics members are also facing economic challenges, he said. The effects of the eurozone debt crisis were lasting longer than had been expected, he said, and might take years to be extinguished. Global economic growth is in an extended period of below-normal expansion. South Africans are asset rich and income poor, he pointed out.