Study shows powerful corporations really do control the world's finances

Study shows powerful corporations really do control the world's finances
August 19, 2011 by Bob Yirka
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Network topology with a zoom on some major transnational corporations in the financial sector. Image from arXiv:1107.5728v1 [q-fin.GN].
(PhysOrg.com) -- For many years conventional wisdom has said that the whole world is controlled by the monied elite, or more recently by the huge multi-national corporations that seem to sometime control the very air we breathe. Now, new research by a team based in ETH-Zurich, Switzerland, has shown that what we’ve suspected all along, is apparently true. The team has uploaded their results onto the preprint server arXiv.

Using data obtained (circa 2007) from the Orbis database (a global database containing financial information on public and private companies) the team, in what is being heralded as the first of its kind, analyzed data from over 43,000 corporations, looking at both upstream and downstream connections between them all and found that when graphed, the data represented a bowtie of sorts, with the knot, or core representing just 147 entities who control nearly 40 percent of all of monetary value of transnational corporations (TNCs).
In this analysis the focus was on corporations that have ownership in their own assets as well as those of other institutions and who exert influence via ownership in second, third, fourth, etc. tier entities that hold influence over others in the web, as they call it; the interconnecting network of TNCs that together make up the whole of the largest corporations in the world. In analyzing the data they found, and then in building the network maps, the authors of the report sought to uncover the structure and control mechanisms that make up the murky world of corporate finance and ownership.
To zero in on the significant controlling corporations, the team started with a list of 43,060 TNCs taken from a sample of 30 million economic “actors” in the Orbis database. They then applied a recursive algorithm designed to find and point out all of the ownership pathways between them all. The resulting TNC network produced a graph with 600,508 nodes and 1,006,987 ownership connections. The team then graphed the results in several different ways to show the different ways that corporate ownership is held; the main theme in each, showing that just a very few corporations through direct and indirect ownership (via stocks, bonds, etc.) exert tremendous influence over the actions of those corporations, which in turn exert a huge impact on the rest of us.
The authors conclude their report by asking, perhaps rhetorically, what are the implications of having so few exert so much influence, and perhaps more importantly, in an economic sense, what the implications are of such a structure on market competitiveness.


More information: The network of global corporate control, Stefania Vitali, James B. Glattfelder, Stefano Battiston, arXiv:1107.5728v1 [q-fin.GN] [1107.5728] The network of global corporate control
Abstract
The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic "super-entity" that raises new important issues both for researchers and policy makers.
Via Sciencenews.org
© 2011 PhysOrg.com

Iniciado por brunorro

Con tods mis respetos y entre nosotros, el GIF aquel de "Novedad" le va que ni pintado al hilo

Iniciado por Pinchazo

Creo que es el mismo que postee yo.

Concentración de capital. Estudio.

8.3 Top Control-Holders Ranking
This is the first time a ranking of economic actors by global control is presented. Notice that many actors belong to the financial sector (NACE codes starting with 65,66,67) and many of the names are well-known global players.
The interest of this ranking is not that it exposes unsuspected powerful players. Instead, it shows that many of the top actors belong to the core.
This means that they do not carry out their business in isolation but, on the contrary, they are tied together in an extremely entangled web of control.
This finding is extremely important since there was no prior economic theory or empirical evidence regarding whether and how top players are connected.

Esta es la primera vez que se presenta una clasificación de los agentes económicos por el control global. Tenga en cuenta que muchos actores pertenecen al sector financiero (códigos NACE a partir de 65,66,67) y muchos de los nombres son bien conocidos a escala mundial. El interés de esta clasificación no es exponer insospechados actores poderosos.
Por el contrario, demuestra que muchos de los mejores actores pertenecen a la base. Esto significa que no llevan a cabo sus negocios en forma aislada, sino, por el contrario, están unidos en una web muy enredado de control. Este hallazgo es muy importante, ya que no había una teoría económica previa o evidencia empírica acerca de si y cómo los máximos jugadores
están conectados.

Iniciado por Tuttle

Un interesante artículo que comenta un estudio de las redes que controlan el mundo. Enlaza el paper que comenta.

Había gente por aquí mirando cosas de estas y pensé que les podía interesar.

Iniciado por Tuttle

Claro que si, todos sabían que las piedras caían al suelo cuando las soltaban pero no fue hasta que Newton publicó la ley de la gravitación universal entendimos realmente como.

El paper es un gran avance por que nos permite vislumbrar realmente como funciona el sistema que nos oprime y por lo tanto es una gran ayuda para derribarlo.

Iniciado por eich pi el

Deben estar temblando de miedo me imagino!!!!!!