REAL WORLD EVENT DISCUSSIONS

NOT PN Economic “superentity” controls more than one-third of global wealth -Science News.

POSTED BY: SIGNYM
UPDATED: Wednesday, August 17, 2011 04:38
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Wednesday, August 17, 2011 2:54 AM

SIGNYM

I believe in solving problems, not sharing them.


Financial world dominated by a few deep pockets

Quote:

Economic “superentity” controls more than one-third of global wealth

A central core of extremely powerful actors (red dots) dominates international corporate finance, a new mathematical analysis finds.Vitali et al, 2011

Conventional wisdom says a few sticky, fat fingers control a disproportionate slice of the world economy’s pie. A new analysis suggests that the conventional wisdom is right on the money.

Diagramming the relationships between more than 43,000 corporations reveals a tightly connected core of top economic actors. In 2007, a mere 147 companies controlled nearly 40 percent of the monetary value of all transnational corporations, researchers report in a paper published online July 28 at arXiv.org.

“This is empirical evidence of what’s been understood anecdotally for years,” says information theorist Brandy Aven of the Tepper School of Business at Carnegie Mellon in Pittsburgh....

... even though the status of many players in the analysis has changed drastically since 2007 ... the analysis shows that ownership is becoming increasingly concentrated and increasingly transnational, says Gerald Davis of the University of Michigan in Ann Arbor.



www.sciencenews.org/view/generic/id/333389/title/Financial_world_domin
ated_by_a_few_deep_pockets


It seems that "one world government" is really more like "one world ownership". So- for ppl who like to think that "gubmint" is the biggest threat, that capitalism is a free market, or that power does not concentrate ... enjoy!



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Wednesday, August 17, 2011 4:38 AM

NIKI2

Gettin' old, but still a hippie at heart...


This comes as no surprise to a good number of us here, I'm sure, but it won't mean diddly to those who are governmentophobes and corporateophiles, will it?

(Something running through my head...let's see if I can track it down..."It's a small world after all, it's..."


Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off



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