TV News LIES

Tuesday, May 22nd

Last update05:20:13 AM GMT

You are here News Economy Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable

Does one 'super-corporation' run the global economy? Study claims it could be terrifyingly unstable

E-mail Print PDF

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.

TVNL Comment: Meet the real government.

More...


Most Recent Related Stories...


More than 1,000 economists warn Trump his trade views echo 1930s errors

More than 100 economists warn Trump about trade policy Over a thousand economists have written to Donald Trump warning his “economic protectionism” and tough rhetoric...

China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

China's Xi vows to open eonomy, cut tariffsChinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import...

Wells Fargo slammed with $1B fine

Wells Fargo Federal regulators slapped Wells Fargo with a $1 billion fine on Friday over customer abuses in...

Richest 1% on target to own two-thirds of all wealth by 2030

Richest 1% on target to own 2/3 of world's wealth by 2030 The world’s richest 1% are on course to control as much as two-thirds of the world’s...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!