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WRS: Who Rules the World? The 147 'Super-Connected' Companies

http://worldradio.ch/wrs/news/switzerland/researchers-reveal-147-companies-ruling-the-econom.shtml?27258


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


"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..."

The text you are quoting:

http://worldradio.ch/wrs/news/switzerland/researchers-reveal-147-companies-ruling-the-econom.shtml?27258


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


"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..."


TranslatorOct 28, 2011 @ 13:26
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Re: WRS: Who Rules the World? The 147 'Super-Connected' Companies
Post 1

There is no democracy.
"There is only IBM and ITT and A T
and T and Dupont, Dow, Union Carbide
and Exxon.  Those are the nations of
the world today.  What do you think
the Russians talk about in their
councils of state -- Karl Marx?
They pull out their linear
programming charts, statistical
decision theories and minimax
solutions and compute the price-cost
probabilities of their transactions
and investments just like we do.  We
no longer live in a world of nations
and ideologies, Mr. Beale.  The
world is a college of corporations,
inexorably deter- mined by the
immutable by-laws of business.  The
world is a business, Mr. Beale!  It
has been since man crawled out of
the slime, and our children, Mr.
Beale, will live to see that perfect
world in which there is no war and
famine, oppression and brutality --
one vast and ecumenical holding

company, for whom all men will work
to serve a common profit, in which
all men will hold a share of stock,
all necessities provided, all
anxieties tranquilized, all boredom
amused. "


Network by Paddy Chayefsky

The text you are quoting:

There is no democracy.
"There is only IBM and ITT and A T
and T and Dupont, Dow, Union Carbide
and Exxon.  Those are the nations of
the world today.  What do you think
the Russians talk about in their
councils of state -- Karl Marx?
They pull out their linear
programming charts, statistical
decision theories and minimax
solutions and compute the price-cost
probabilities of their transactions
and investments just like we do.  We
no longer live in a world of nations
and ideologies, Mr. Beale.  The
world is a college of corporations,
inexorably deter- mined by the
immutable by-laws of business.  The
world is a business, Mr. Beale!  It
has been since man crawled out of
the slime, and our children, Mr.
Beale, will live to see that perfect
world in which there is no war and
famine, oppression and brutality --
one vast and ecumenical holding

company, for whom all men will work
to serve a common profit, in which
all men will hold a share of stock,
all necessities provided, all
anxieties tranquilized, all boredom
amused. "


Network by Paddy Chayefsky


keith p, Nov 11, 2011 @ 13:44
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Re: WRS: Who Rules the World? The 147 'Super-Connected' Companies
Post 2
The text you are quoting:

Translator, Nov 11, 2011 @ 15:53
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Re: WRS: Who Rules the World? The 147 'Super-Connected' Companies
Post 3

Two good films on Human 'Resources'!


http://metanoia-films.org/index.php

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Two good films on Human 'Resources'!


http://metanoia-films.org/index.php


Marksist, Nov 22, 2011 @ 09:45
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Re: WRS: Who Rules the World? The 147 'Super-Connected' Companies
Post 4
The text you are quoting:

Marksist, Nov 22, 2011 @ 09:50
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Re: WRS: Who Rules the World? The 147 'Super-Connected' Companies
Post 5

http://worldradio.ch/wrs/news/switzerland/researchers-reveal-147-companies-ruling-the-econom.shtml?27258

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

"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..."


Oct 28, 11 13:26

This Oct, 24 article also discusses the ruling class.


http://socialistworker.org/blog/critical-reading/2011/10/24/how-1-rules-world

The text you are quoting:

This Oct, 24 article also discusses the ruling class.


http://socialistworker.org/blog/critical-reading/2011/10/24/how-1-rules-world


Marksist, Nov 22, 2011 @ 09:53
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