October 22, 2011

Study: 147 Transnational Corps. Control 40% of the World's Wealth

. . . held by 37 million companies and investors worldwide. "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. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group."

More, including the names of the top 50 corps., at NewScientist.

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