The 147 Companies That Control Everything


TECH 10/22/2011 @ 9:37AM 

Three systems theorists at the Swiss Federal Institute of Technology in Zurichhave taken a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and share ownerships linking them. They built a model of who owns whatand what their revenues are and mapped the whole edifice of economic power.

From New Scientist:

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions.

Here’s the top 20 of the 147 superconnected companies. The top 50 are at the New Scientist. The authors of the paper did not release the entire list of 147. We’re working on it.

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

Revealed – the capitalist network that runs the world – physics-math – 19 October 2011 – New Scientist.

[Source: http://www.forbes.com/sites/bruceupbin/2011/10/22/the-147-companies-that-control-everything/]

Advertisements
This entry was posted in Achievements, Business World, Entrepreneur, Investments, Technology. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s