Science confirms that the world in the power of corporations

Experts of the University of Zurich conducted mathematical analysis of the linkages 43 thousand multinational corporations and made a frightening conclusion that rules the world one giant "super-corporation."  That she was "pulling the strings" of the world economyExperts of the University of Zurich conducted mathematical analysis of the linkages 43 thousand multinational corporations and made a frightening conclusion that rules the world one giant "super-corporation." That it is "pulling the strings" of the world economy.

To simulate the image of the global corporate system, the experts handled huge amount of data that reflect the property relations between the major transnational corporations, says New Scientist.

"Reality is so complex that we had to move away from dogma, whether it's a conspiracy theory or the theory of the free market — said the study's author, complex systems theorist James Glattfelder. — The analysis is based on real data. "

Previous studies have shown that a relatively small group of companies and the banks owns the lion's share of the world's "economic pie" from which all the rest are only crumbs. However, these studies have overlooked indirect relationship — a relationship of corporations with subsidiaries and affiliated companies.

Sorting 37 million companies and investors around the world, presented in a database with Orbis in 2007, a team of scientists from Zurich selected 43,060 companies owned by multinationals, and revealed their total assets.

Scientists have found a core of 1318 companies, whose links with other difficult only be described as incestuous.  Each of these 1318 found a close relationship with two or more other companies

Was built distribution model the economic impact of TNCs by control of some companies over others: possession of funds, profit-sharing, etc.

Scientists have found a core of 1318 companies, whose links with other difficult only be described as incestuous. Each of these 1318 found a close relationship with two or more other companies (the average number of affiliated partners was equal to 20).

Although the official income of these corporations hardly exceed 20% of the global operating revenues, through its company-owned satellites are actually the majority of global companies operating in the sector of the "real" economy. Thus, in the tentacles of corporate monsters are concentrated around 60% of global revenues.

Continuing to unravel a vast web of ownership, the team found that most of the financial chains go towards "superanklava" of 147 companies. Their assets intersect with each other, actually being a common property, which ensures that a tacit financial conglomerates control 40% of global corporate wealth.

Most of these "super-corporation" are financial institutions. Thus, in the top 10 were:

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

The researchers note that the protests against global capitalism that unfolded around the world under the slogan "Occupy Wall Street" — an obvious reaction to the power of corporations.

Continuing to unravel a vast web of ownership, the team found that most of the financial chains go towards "superanklava" of 147 companies.  Their assets intersect with each other, actually being a common property

But the results of the analysis conducted by researchers did not agree with the statements of demonstrators protesting against the "money bag" Wall ctrit. Scientists, it seems unlikely that the corporations whose power is at the core of the world economy, can have real political power — they are too many divergent interests.

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