Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable

Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable

Read more: http://www.dailymail.co.uk/sciencetech/article-2051008/Does-super-corporation-run-global-economy.html#ixzz1bNQB7fQU

A University of Zurich study 'proves' 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 between them - and created a 'map' of 1,318 companies at the heart of the global economy.

The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse.

Read more: http://www.dailymail.co.uk/sciencetech/article-2051008/Does-super-corporation-run-global-economy.html#ixzz1bNQQ26AX