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.
Donald Trump made a surprise announcement doubling tariffs on imported steel and aluminum from 25% to...
Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce,...
