so studies prove a few banks rule the world...40% of the econ

[revelarts]

Swiss scientist look at the numbers, who really controls the economy,
surprise surprise it's a few multinational banks and corps.


...
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. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world’s transnational corporations (TNCs).....

The Zurich team can. 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. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company’s operating revenues, to map the structure of economic power.

The work, to be published in PLoS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What’s more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world’s large blue chip and manufacturing firms - the "real" economy - representing a further 60 per cent of global revenues.

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....
http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html

http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf

[revelarts]

Swiss scientist look at the numbers, who really controls the economy,
surprise surprise it's a few multinational banks and corps.



http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf

the top 50 list from the pdf

Rank Economic actor name ...............Country NACE code Network Cumul. network
position control (TM, %)
1 BARCLAYS PLC...............GB 6512 SCC 4.05
2 CAPITAL GROUP COMPANIES INC, THE ...............US 6713 IN 6.66
3 FMR CORP ...............US 6713 IN 8.94
4 AXA ...............FR 6712 SCC 11.21
5 STATE STREET CORPORATION ...............US 6713 SCC 13.02
6 JPMORGAN CHASE & CO. ...............US 6512 SCC 14.55
7 LEGAL & GENERAL GROUP PLC ...............GB 6603 SCC 16.02
8 VANGUARD GROUP, INC., THE ...............US 7415 IN 17.25
9 UBS ...............AG CH 6512 SCC 18.46
10 MERRILL LYNCH & CO., INC. ...............US 6712 SCC 19.45
11 WELLINGTON MANAGEMENT CO. L.L.P. ...............US 6713 IN 20.33
12 DEUTSCHE BANK ...............AG DE 6512 SCC 21.17
13 FRANKLIN RESOURCES, INC. ...............US 6512 SCC 21.99
14 CREDIT SUISSE GROUP ...............CH 6512 SCC 22.81
15 WALTON ENTERPRISES LLC ...............US 2923 T&T 23.56
16 BANK OF NEW YORK MELLON CORP. ...............US 6512 IN 24.28
17 NATIXIS ...............FR 6512 SCC 24.98
18 GOLDMAN SACHS GROUP, INC., THE ...............US 6712 SCC 25.64
19 T. ROWE PRICE GROUP, INC. ...............US 6713 SCC 26.29
20 LEGG MASON, INC. ...............US 6712 SCC 26.92
21 MORGAN STANLEY ...............US 6712 SCC 27.56
22 MITSUBISHI UFJ FINANCIAL GROUP, INC. ...............JP 6512 SCC 28.16
23 NORTHERN TRUST CORPORATION ...............US 6512 SCC 28.72
24 SOCIÉTÉ GÉNÉRALE ...............FR 6512 SCC 29.26
25 BANK OF AMERICA CORPORATION ...............US 6512 SCC 29.79
26 LLOYDS TSB GROUP PLC ...............GB 6512 SCC 30.30
27 INVESCO PLC ...............GB 6523 SCC 30.82
28 ALLIANZ SE ...............DE 7415 SCC 31.32
29 TIAA ...............US 6601 IN 32.24
30 OLD MUTUAL PUBLIC LIMITED COMPANY ...............GB 6601 SCC 32.69
31 AVIVA PLC ...............GB 6601 SCC 33.14
32 SCHRODERS PLC ...............GB 6712 SCC 33.57
33 DODGE & COX ...............US 7415 IN 34.00
34 LEHMAN BROTHERS HOLDINGS, INC. ...............US 6712 SCC 34.43
35 SUN LIFE FINANCIAL, INC. ...............CA 6601 SCC 34.82
36 STANDARD LIFE PLC ...............GB 6601 SCC 35.2
37 CNCE ...............FR 6512 SCC 35.57
38 NOMURA HOLDINGS, INC. ...............JP 6512 SCC 35.92
39 THE DEPOSITORY TRUST COMPANY ...............US 6512 IN 36.28
40 MASSACHUSETTS MUTUAL LIFE INSUR. ...............US 6601 IN 36.63
41 ING GROEP N.V. ...............NL 6603 SCC 36.96
42 BRANDES INVESTMENT PARTNERS, L.P. ...............US 6713 IN 37.29
43 UNICREDITO ITALIANO SPA ...............IT 6512 SCC 37.61
44 DEPOSIT INSURANCE CORPORATION OF JP ...............JP 6511 IN 37.93
45 VERENIGING AEGON ...............NL 6512 IN 38.25
46 BNP PARIBAS ...............FR 6512 SCC 38.56
47 AFFILIATED MANAGERS GROUP, INC. ...............US 6713 SCC 38.88
48 RESONA HOLDINGS, INC. ...............JP 6512 SCC 39.18
49 CAPITAL GROUP INTERNATIONAL, INC. ...............US 7414 IN 39.48
50 CHINA PETROCHEMICAL GROUP CO. ...............CN 6511 T&T 39.78

[revelarts]

A book that kinda dovetails with this study is
Superclass: The Global Power Elite and the World They Are Making
by David Rothkopf

amazon

From Publishers Weekly
Starred Review. Books on world elites tend to focus on the superwealthy, but political scholar Rothkopf (Running the World) has written a serious and eminently readable evaluation of the superpowerful. Until recent decades, great-power governments provided most of the superclass, accompanied by a few heads of international movements (i.e., the pope) and entrepreneurs (Rothschilds, Rockefellers). Today, economic clout—fueled by the explosive expansion of international trade, travel and communication—rules. The nation state's power has diminished, according to Rothkopf, shrinking politicians to minority power broker status. Leaders in international business, finance and the defense industry not only dominate the superclass, they move freely into high positions in their nations' governments and back to private life largely beyond the notice of elected legislatures (including the U.S. Congress), which remain abysmally ignorant of affairs beyond their borders. The superelites' disproportionate influence over national policy is often constructive, but always self-interested. Across the world, the author contends, few object to corruption and oppressive governments provided they can do business in these countries. Neither hand-wringing nor worshipful, this book delivers an unsettling account of what the immense and growing power of this superclass bodes for the future. (Mar.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.

Review
“Whether you like it or not, there is no way to deny the enormous, disproportionate, concentration of power and wealth in the hands of a relatively small number of people in the world today. David Rothkopf has vividly described who they are, and how they operate and interact, in his valuable (and often disturbing) new book.” —Richard Holbrooke, Former U.S. Ambassador to the United Nations

“No, no vast conspiracy runs the world. But, according to Rothkopf’s book, a tiny but diverse global elite, a Superclass, comes close. His finely-honed prose takes the reader on a joyous, entertaining, and erudite romp around the globe in search of that class.” —Alan Blinder, Former Vice Chairman of the Federal Reserve Bank of the United States
“Thanks to Rothkopf’s special blend of analysis, direct interaction with his subjects and vivid writing, this is a must read book for people interested in understanding the genesis of leadership in the new global economy.” —Ernesto Zedillo, Director of the Yale Center for the Study of Globalization and Former President of Mexico

“David Rothkopf has written a super book about the people presently executing an historic shift of world economic and political power and about how they are doing it and why. If you want to know how your choices are being determined and the circumstances of your life conditioned, you must read this book.” —Clyde Prestowitz, President of the Economic Strategy Institute and author of Three Billion New Capitalists

“The activities of a growing cosmopolitan elite are having profound effects. They can be highly desirable when they promote international cooperation or more problematic when the interests of the elites diverge from those of their citizens. David Rothkopf’s Superclass skillfully probes these issues and many more and should be read by all those concerned with the international economy and the evolving global system.” —Lawrence Summers, former U.S. Secretary of the Treasury

“Superclass is a timely and detailed analysis of the disproportionate power and hence responsibility of an incredibly small group of individuals: the global power elites whose strongest allegiances are not with their countries but with each other. Understanding the implications of this shift beyond the nation-state is of great importance and Rothkopf has made a significant first step.” —Bob Wright, Vice Chairman, General Electric, and former President and CEO, NBC Universal

“An entertaining and well researched taxonomy of the rich and powerful who shape foreign policy and business in our globalized world. Rothkopf gives us the story behind Davos Man." —Joseph E. Stiglitz, Nobel Prize Winner in Economics and author of Making Globalization Work and Globalization and its Discontents


the other money power group that need to be included here are the Foundations, many of older players mentioned in the groups above control those, bill an malinda Gates started a new one. There unaccounted billions movings through those for a small groups own ideals, good or bad.

[fj1200]

I must say that they did an excellent job of identifying what they perceive the problem to be and then finding evidence to match. :thumbsup:

EDIT:
I do wonder how you can be so skeptical of the science of say, vaccines, but this stuff is gold.

[ConHog]

I must say that they did an excellent job of identifying what they perceive the problem to be and then finding evidence to match. :thumbsup:

EDIT:
I do wonder how you can be so skeptical of the science of say, vaccines, but this stuff is gold.

:grenade:

[revelarts]

hrumm
so you know of this all bogus but vaccine science is gold?

OK


but i don't remember saying this is Gold, I've thought this before this particular study, other books and info come together pretty clearly, a few groups own/control/influence most of the worlds economy and basically steer the ship. It's seems pretty clear and been out there for a long time if you look. mergers and buyouts and stockholder list etc..
IMO

as far as vaccines go, reporters have asked the heads of merc and a few other vaccine makers higher ups if they and their family take all the vaccines they recommend.
the answer came back "that's private info".

take all the vaccines if you want to FJ.

[ConHog]

hrumm
so you know of this all bogus but vaccine science is gold?

OK


but i don't remember saying this is Gold, I've thought this before this particular study, other books and info come together pretty clearly, a few groups own/control/influence most of the worlds economy and basically steer the ship. It's seems pretty clear and been out there for a long time if you look. mergers and buyouts and stockholder list etc..
IMO

as far as vaccines go, reporters have asked the heads of merc and a few other vaccine makers higher ups if they and their family take all the vaccines they recommend.
the answer came back "that's private info".

take all the vaccines if you want to FJ.

So you just admitted that you believe the facts which support the opinion you already had. I mean that's human nature so nothing wrong with that, but don't try to call it science.

[revelarts]

So you just admitted that you believe the facts which support the opinion you already had. I mean that's human nature so nothing wrong with that, but don't try to call it science.


So if you believe the earth goes around the sun BEFORE it's been proven by science
then the science is wrong?

that doesn't follow Con.

Real observational science should stand or fall on the facts not on weather or not you or i believe it.

and so the science and these folks i quoted above should be ignored as well?,

"“Whether you like it or not, there is no way to deny the enormous, disproportionate, concentration of power and wealth in the hands of a relatively small number of people in the world today. David Rothkopf has vividly described who they are, and how they operate and interact, in his valuable (and often disturbing) new book.” —Richard Holbrooke, Former U.S. Ambassador to the United Nations

“No, no vast conspiracy runs the world. But, according to Rothkopf’s book, a tiny but diverse global elite, a Superclass, comes close. His finely-honed prose takes the reader on a joyous, entertaining, and erudite romp around the globe in search of that class.” —Alan Blinder, Former Vice Chairman of the Federal Reserve Bank of the United States
“Thanks to Rothkopf’s special blend of analysis, direct interaction with his subjects and vivid writing, this is a must read book for people interested in understanding the genesis of leadership in the new global economy.” —Ernesto Zedillo, Director of the Yale Center for the Study of Globalization and Former President of Mexico

“David Rothkopf has written a super book about the people presently executing an historic shift of world economic and political power and about how they are doing it and why. If you want to know how your choices are being determined and the circumstances of your life conditioned, you must read this book.” —Clyde Prestowitz, President of the Economic Strategy Institute and author of Three Billion New Capitalists" "


But Whatever guys there's NOTHING to see here it's all Bogus, left wing proganda, go about your lives, no one has more power than others, it's all market forces only, no collusion or backdoor agreements, no influence on world leaders. NEVER HAPPENS, the voters make ALL the real decisions.:rolleyes:

[fj1200]

But Whatever guys there's NOTHING to see here it's all Bogus, left wing proganda, go about your lives, no one has more power than others, it's all market forces only, no conclusions or backdoor agreements, no influence on world leaders. NEVER HAPPENS, the voters make ALL the real decisions.:rolleyes:

No, it's populist propaganda, as you admit you need to be upset about a problem and then search for evidence that fits your posit. You shouldn't have included that Blinder quote:

“No, no vast conspiracy runs the world. But, according to Rothkopf’s book, a tiny but diverse global elite, a Superclass, comes close. His finely-honed prose takes the reader on a joyous, entertaining, and erudite romp around the globe in search of that class.” —Alan Blinder, Former Vice Chairman of the Federal Reserve Bank of the United States

[revelarts]

No, it's populist propaganda, as you admit you need to be upset about a problem and then search for evidence that fits your posit. You shouldn't have included that Blinder quote:

selctive quotes are OK when you do then FJ?

here's one you overlooked..

If you want to know how your choices are being determined and the circumstances of your life conditioned, you must read this book.” —Clyde Prestowitz, President of the Economic Strategy Institute and author of Three Billion New Capitalists" "


how do integrate that quote into ALL of the evidence FJ?

[Dilloduck]

The banker always wins in Monopoly too. There's just no escaping it.

[ConHog]

The banker always wins in Monopoly too. There's just no escaping it.

the "bank" always wins in Vegas to.

[fj1200]

selctive quotes are OK when you do then FJ?

here's one you overlooked..

how do integrate that quote into ALL of the evidence FJ?

I'm not the one pulling quotes, you are. Prestowitz contradicts your premise in his book anyway by suggesting that power is shifting to the East which is just crazy if Barclays, etc. is controlling the global economy. :rolleyes: