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BelgianMadCow

(5,379 posts)
2. Indeed. All the pieces are out there, but
Mon Oct 7, 2013, 11:02 AM
Oct 2013

they have to be connected and seen in a bigger picture.

Which you do excellently, as usual.

I'd argue that going forward, that turnkey tyranny is more about control than about profit - more control of an increasingly discontent 99, 99%, so that they don't get the idea to claw back what is rightfully theirs. Once the game turns openly sour, the infrastructure can be used to maintain their ill-gotten gains.

Which reminds me: to your big picture, I'd add the offshored wealth

and the 147 global corporations that own 60% of all profits.

Three systems theorists at the Swiss Federal Institute of Technology in Zurich have taken a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and share ownerships linking them. They built a model of who owns what and what their revenues are and mapped the whole edifice of economic power.

They discovered that global corporate control has a distinct bow-tie shape, with a dominant core of 147 firms radiating out from the middle. Each of these 147 own interlocking stakes of one another and together they control 40% of the wealth in the network. A total of 737 control 80% of it all. The top 20 are at the bottom of the post. This is, say the paper’s authors, the first map of the structure of global corporate control.

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