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November 14, 2012

A Networked Super-Corporation Rules the World

A University of Zurich study reported that a small group of companies—mainly banks—wields huge power over the global economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership among them. The researchers’ network analysis identified 147 companies that form a “super entity,” controlling 40 percent of the global economy’s total wealth.… Read the rest