Wednesday, October 26, 2011

The 147 Banks and Super-Companies that Run The Entire World Economy

The 1% indeed: a new study of the global economy and wealth concentration has identified a complex system of only 147 banks and corporations around the world which share in the largest chunk of the change. While that number might not seem too shocking to those of us paying attention, this study, "by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power," writes New Scientist. In other words: valuable data which will not only strengthen OWS' political arguments but will help us identify whether, and how, the global economy is unstable.

Click here to read the full article.

 By Julianne Escobedo Shepherd | Sourced from AlterNet

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