The 147 Corporations Controlling Most of the Global Economy

rubycodez writes "Researchers at the Swiss Federal Technology Institute in Zurich have identified a 'Capitalist Network' [PDF] of well-connected companies that control most of the global economy. They further identified the 147 'super-connected' companies that control forty percent or more of the global financial network. If one believes the mega-corporations have most governments of the west in their pockets, does this mean we have a global oligarchy?"

Re:I'm actually suprised it's that many

[Anonymous Coward]

http://theelitist.net/nypd-receives-jp-morgan-donation-mass-arrest-of-protesters-at-occupywallstreet

Re:Corporations alone can't hurt or control you

[mrquagmire]

Yes, I'm sure that corporations left to their own devices would never cause us any harm [businesspundit.com].

Global Zaibutsu

[sgt scrub]

Although zaibatsu existed from the 19th century, the term was not in common use until after World War I. By definition, the "zaibatsu" were large family-controlled vertical monopolies consisting of a holding company on top, with a wholly owned banking subsidiary providing finance, and several industrial subsidiaries dominating specific sectors of a market, either solely, or through a number of sub-subsidiary companies.

http://en.wikipedia.org/wiki/Zaibatsu [wikipedia.org]

Stupid Headline

[the eric conspiracy]

"The 147 Corporations Controlling Most of the Global Economy"

Then we find out that it's 147 banks that control 40% of the financial sector.

How is this controlling most of the global economy? The financial sector is about 30% of the global economy, and these banks control 40% of that.

It's more like the top 147 banks control 12% of the global economy.