A scientific analysis has revealed the 147 company “super-entity” that controls most of the world’s economy. Here is an article about the study. And here is the study itself.
I already knew that a small number of corporations was running things, but now we have the scientific analysis to back up the suspicions. This is what deregulation has wrought. Sorry, I don’t have any additional analysis or anything else to add. Maybe someone smarter than me can add more.
I’ve put the list of the top 50 of the 147 across the break. No surprise: they are mostly financial institutions/banks.
The top 50 of the 147 superconnected companies
- Barclays plc
- Capital Group Companies Inc
- FMR Corporation
- AXA
- State Street Corporation
- JP Morgan Chase & Co
- Legal & General Group plc
- Vanguard Group Inc
- UBS AG
- Merrill Lynch & Co Inc
- Wellington Management Co LLP
- Deutsche Bank AG
- Franklin Resources Inc
- Credit Suisse Group
- Walton Enterprises LLC
- Bank of New York Mellon Corp
- Natixis
- Goldman Sachs Group Inc
- T Rowe Price Group Inc
- Legg Mason Inc
- Morgan Stanley
- Mitsubishi UFJ Financial Group Inc
- Northern Trust Corporation
- Société Générale
- Bank of America Corporation
- Lloyds TSB Group plc
- Invesco plc
- Allianz SE 29. TIAA
- Old Mutual Public Limited Company
- Aviva plc
- Schroders plc
- Dodge & Cox
- Lehman Brothers Holdings Inc*
- Sun Life Financial Inc
- Standard Life plc
- CNCE
- Nomura Holdings Inc
- The Depository Trust Company
- Massachusetts Mutual Life Insurance
- ING Groep NV
- Brandes Investment Partners LP
- Unicredito Italiano SPA
- Deposit Insurance Corporation of Japan
- Vereniging Aegon
- BNP Paribas
- Affiliated Managers Group Inc
- Resona Holdings Inc
- Capital Group International Inc
- China Petrochemical Group Company
* Lehman still existed in the 2007 dataset used
