The companies that control the world’s wealth
, On Thursday 20 October 2011, 11:38 EST
As protests against corporate greed spread around the world, a study out of Zurich University may have confirmed the protestors' worst fears.
A trio of complex system theorists at the Swiss Federal Institute of Technology, claim that a select group of global bankers own a large chunk of the global economy.
The study found that of the 43,060 transnational corporations (TNCS) in existence, a group of 1,318 companies formed the heart of the world's financial system. (More From Yahoo!7 Finance: The Faces of Occupy Wall Street)
This group could further be distilled to a core group of 147 companies which controlled 40 per cent of the wealth. The core group was dubbed the 'super entity' by the researchers and was largely made up from corporate banks like Barclays and Goldman Sachs. Read rest of the article here.
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