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The 147 Companies That Control Everything



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.





Visualizing the "super entity." Courtesy: New Scientist



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.



The #occupy movement will eat this up as evidence for massive redistribution of wealth.



But the web of corporate control is not de facto a conspiracy of world domination. There are many reasons for tightly bundled nodes and connections: anti-takeover strategies, reduction of transaction costs, risk sharing, increasing trust and groups of interest.



A few caveats with the data set: It excludes GSEs and privately-held companies and is dominated by banks, institutional investors and mutual funds that don't always have much in the way of control over assets. Reader danogden left an especially good comment below: "...pension plans, corporate 401(k) plans and individual funds..manage trillions in assets ultimately belonging to individuals who are predominantly not in the "1%". ...There are a number of "custodian banks" in the list -- companies who hold the assets of asset managers to ensure timely processing of things like foreign dividend and bond interest, name changes (due to mergers, etc.), foreign currency conversion and the like...Again, they do not own the assets, or even really control the assets — they merely house the assets. A better list would be the actual asset OWNERS, rather than the vendors who manage, house and clear said assets."



One of the co-authors, Dr. James Glattfelder, says he will be publishing next week the bigger list of 737 companies that control 80% of the global economy. The 147 are included in that group.







The top 50 of the 147 superconnected companies





2. Capital Group Companies Inc

3. FMR Corporation

4. AXA

5. State Street Corporation

6. JP Morgan Chase & Co

7. Legal & General Group plc

8. Vanguard Group Inc

9. UBS AG

10. Merrill Lynch & Co Inc

11. Wellington Management Co LLP

12. Deutsche Bank AG

13. Franklin Resources Inc

14. Credit Suisse Group

15. Walton Enterprises LLC

16. Bank of New York Mellon Corp

17. Natixis

18. Goldman Sachs Group Inc

19. T Rowe Price Group Inc

20. Legg Mason Inc

21. Morgan Stanley

22. Mitsubishi UFJ Financial Group Inc

23. Northern Trust Corporation

24. Société Générale

25. Bank of America Corporation

26. Lloyds TSB Group plc

27. Invesco plc

28. Allianz SE 29. TIAA

30. Old Mutual Public Limited Company

31. Aviva plc

32. Schroders plc

33. Dodge & Cox

34. Lehman Brothers Holdings Inc*

35. Sun Life Financial Inc

36. Standard Life plc

37. CNCE

38. Nomura Holdings Inc

39. The Depository Trust Company

40. Massachusetts Mutual Life Insurance

41. ING Groep NV

42. Brandes Investment Partners LP

43. Unicredito Italiano SPA

44. Deposit Insurance Corporation of Japan

45. Vereniging Aegon

46. BNP Paribas

47. Affiliated Managers Group Inc

48. Resona Holdings Inc

49. Capital Group International Inc

50. China Petrochemical Group Company



* Lehman still existed in the 2007 dataset used



Graphic: The 1318 transnational corporations that form the core of the economy



(Data: PLoS One) 1. Barclays plc2. Capital Group Companies Inc3. FMR Corporation4. AXA5. State Street Corporation6. JP Morgan Chase & Co7. Legal & General Group plc8. Vanguard Group Inc9. UBS AG10. Merrill Lynch & Co Inc11. Wellington Management Co LLP12. Deutsche Bank AG13. Franklin Resources Inc14. Credit Suisse Group15. Walton Enterprises LLC16. Bank of New York Mellon Corp17. Natixis18. Goldman Sachs Group Inc19. T Rowe Price Group Inc20. Legg Mason Inc21. Morgan Stanley22. Mitsubishi UFJ Financial Group Inc23. Northern Trust Corporation24. Société Générale25. Bank of America Corporation26. Lloyds TSB Group plc27. Invesco plc28. Allianz SE 29. TIAA30. Old Mutual Public Limited Company31. Aviva plc32. Schroders plc33. Dodge & Cox34. Lehman Brothers Holdings Inc*35. Sun Life Financial Inc36. Standard Life plc37. CNCE38. Nomura Holdings Inc39. The Depository Trust Company40. Massachusetts Mutual Life Insurance41. ING Groep NV42. Brandes Investment Partners LP43. Unicredito Italiano SPA44. Deposit Insurance Corporation of Japan45. Vereniging Aegon46. BNP Paribas47. Affiliated Managers Group Inc48. Resona Holdings Inc49. Capital Group International Inc50. China Petrochemical Group Company* Lehman still existed in the 2007 dataset usedGraphic: The 1318 transnational corporations that form the core of the economy(Data: PLoS One)















awakeningforums.com/thread/65/reminder-over-media-controlled-groups







Source:



www.forbes.com/sites/bruceupbin/2011/10/22/the-147-companies-that-control-everything/#13f6f5fd5105

www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world

awakeningforums.com/thread/65/reminder-over-media-controlled-groups I wanted to copy and paste this here as forbes wants you to disable your ad blocker to view their articles. I will also post other relevant information. This is really good research. Check it out.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.The #occupy movement will eat this up as evidence for massive redistribution of wealth. The New Scientist talked to one systems theorist who is "disconcerted" at the level of interconnectedness, but not surprised. Such structures occur commonly in biology, things like fungus, lichen and weeds. Economists say the danger comes when you combine hyperconnection with the concentration of power. The Swiss scientists warn that this can lead to an unstable environment. No Scheisse, Sherlock.But the web of corporate control is not de facto a conspiracy of world domination. There are many reasons for tightly bundled nodes and connections: anti-takeover strategies, reduction of transaction costs, risk sharing, increasing trust and groups of interest.A few caveats with the data set: It excludes GSEs and privately-held companies and is dominated by banks, institutional investors and mutual funds that don't always have much in the way of control over assets. Reader danogden left an especially good comment below: "...pension plans, corporate 401(k) plans and individual funds..manage trillions in assets ultimately belonging to individuals who are predominantly not in the "1%". ...There are a number of "custodian banks" in the list -- companies who hold the assets of asset managers to ensure timely processing of things like foreign dividend and bond interest, name changes (due to mergers, etc.), foreign currency conversion and the like...Again, they do not own the assets, or even really control the assets — they merely house the assets. A better list would be the actual asset OWNERS, rather than the vendors who manage, house and clear said assets." See the top 50 on the control list at the New Scientist. One of the co-authors, Dr. James Glattfelder, says he will be publishing next week the bigger list of 737 companies that control 80% of the global economy. The 147 are included in that group.Source: