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2011/10/25 18:13:13
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
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.
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2011/10/25 18:17:38
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
Wow, really, duh! I guess one should do a study of how those professors managed to pad their study by proving the obvious.
-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2011/10/25 18:18:54
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
Incorrect. They used the current nomenclature: banker.
-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2011/10/25 18:23:39
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
That wasn't the intention of study, merely a conclusion drawn from its results. The real value here is in the map of financial connections that was created.
Life does not cease to be funny when people die any more than it ceases to be serious when people laugh.
2011/10/25 21:35:52
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2011/10/25 21:42:59
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
I actually would have thought it be more than 147 personally. I do wish the map in the article was over layed with a geographic map though. Was one produced and can anyone find it? Maybe we can spread it on Google earth.
This message was edited 2 times. Last update was at 2011/10/25 21:48:04
Chowderhead wrote:Hi there. You must be new around here. I'm Chowderhead, and this is my buddy Frazzled.
His dogs will eat you. Don't anger T-Bone and Shanker.
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-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2011/10/25 22:33:56
Subject: 147 Run The World, University of Zurich study 'proves' that a small group of companies...
Yeah, the value here is in building the map of corporate ownership, something that's been attempted before on a much smaller scale. It has a lot of use in further studies explaining corporate behaviour and market reactions.
“We may observe that the government in a civilized country is much more expensive than in a barbarous one; and when we say that one government is more expensive than another, it is the same as if we said that that one country is farther advanced in improvement than another. To say that the government is expensive and the people not oppressed is to say that the people are rich.”
Adam Smith, who must have been some kind of leftie or something.