Global Economy: Defining the 1% Who Own the World
Sometimes tracking the truth in today’s world can lead into blind allies, and missing leading conspiracy theories, or conspiracy theories that touch on the truth but not the whole truth, and even when faced with the truth, one is not always ready to recognize it! Gaddafi is one such example, but the contemptible manner in which a whole country has been reduced to nothing to rid him from the earth is not the issue here, but Gaddafi does represent a piece of the puzzle that has been an obstacle to the 1% who control the world.
A study entitled: The Network of Global Corporate Control by Stefania Vitali, James Glattfelder, and Stefano Battiston of the Swiss Federal Institute of Technology in Zurich did just that, define the 1% who own the world. In the face of criticism theorists Vitali and team went beyond theory to map and untangle the network.
“Reality is so complex, we must move away from dogma, whether it’s conspiracy theories or free-market,” James Glattfelder told New Scientist.
“Our analysis is reality-based.”
What was discovered using a mathematical system used to model natural systems?
From an initial database of 37 million companies, they were able to consolidate 43, 060 transnational companies, TNC’s, and the network of shared ownership that links them. Then companies that controlled others through that network of shareholders was identified along with operational revenue. Then a core of 1,318 companies that were linked by ownership were identified which revealed the center of a core of 20.
It was found that these 20 companies as shareholders own the global majority of blue chip and manufacturing companies, known as the “real: economy. This ownership represents 60% of the global revenue which could be traced back to 147 companies which owns 40% of this international elites wealth.
At the top of that pyramid is a company which at one time in black British history was held in great contempt, because of its wealth is known to be established on the backs, blood, sweat and tears of African slaves. That company is Barclays Bank PLC. The other was once the employer of the current foreign secretary of state Hilary Clinton, and is the current employer of former British Prime Minister Tony Blair, i.e. J.P Morgan which made its presence during the NATO war on Libya, and has been rumored to be positioned to take control of the U.S. banking system.
The study states:
“This is the first time a ranking of economic actors by global control is presented. Notice that many actors belong to the financial sector (NACE codes starting with 65,66,67) and many of the names are well-known global players. The interest of this ranking is not that it exposes unsuspected powerful players. Instead, it shows that many of the top actors belong to the core.
“This means that they do not carry out their business in isolation but, on the contrary, they are tied together in an extremely entangled web of control. This finding is extremely important since there was no prior economic theory or empirical evidence regarding whether and how top players are connected. Finally, it should be noted that governments and natural persons are only featured further down in the list.”
When it comes to global governance, the international elite are it, not the governments that sy they represent us for good or for bad, but those whose world is around making money, transferring money, and using money to support its own interests with allegiance only to it’s self!
The top 50 of the 147 superconnected companies
1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
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
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company
(Data: PLoS One)
Vitali, S. et al. The
Network of Global Corporate Control.” http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf
Coghland, A, Mackenzie, D. “Revealed – The Capitalist Network
That Runs the World.” http://www.newscientist.com/article/mg21228354.500-revealed–the-capitalist-network-that-runs-the-world.html