These companies are run by Technocrats who are all busy perfecting the the ultimate and interconnected global supply chain. The list is not necessarily perfect, but it is representative of a class of super-companies who are running the global show. ⁃ TN Editor
A study by the Swiss Federal Institute of Technology in Zurich has found that a mere 147 corporations control the world – orchestrating events and controlling governments.
The analysis, which looked at the relationships between 43,000 transnational corporations, identified that only a tiny handful of mega-corporations, mostly banks, had a disproportionate amount of power over world events.
Newscientist.com reports: “Reality is so complex, we must move away from dogma, whether it’s conspiracy theories or free-market,” says James Glattfelder. “Our analysis is reality-based.”
Previous studies have found that a few TNCs [Trans-National Corporations] own large chunks of the world’s economy, but they included only a limited number of companies and omitted indirect ownerships, so could not say how this affected the global economy – whether it made it more or less stable, for instance.
The Zurich team can. From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company’s operating revenues, to map the structure of economic power.
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The work, to be published in PLoS One, revealed a core of 1318 companies with interlocking ownerships. Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What’s more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world’s large blue chip and manufacturing firms – the “real” economy – representing a further 60 per cent of global revenues.
When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
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The top 50 of the 147 super-connected companies
1. Barclays plc
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
there are a lot of multinational companies in various fields that rules the world as the 50 you mentioned. an example…. Reckit Benckiser, etc. etc. obviously the oil companies which here there isn’t, or General Electric and all weapons industries. So all of these mentioned are important to the globalisation of poverty all around the world, and all geopolitic decisions that are a great problem. they make cartels, they govern on the presidents of states, they start wars and mondial crisis, etc. etc. etc. If world goes in that way the end is very near. And, a lot of people… Read more »
John Dunlap
August 28, 2017 6:09 pm
There is a lesson here for us. Big Data is being used to forge our chains, and I agree with the authors, 147 is too many for sustained collusion. They cooperate where their interests converge, but engage in cutthroat competition otherwise. If that were not the case, we would already be under the boot of a global fascist regime. The lesson is that while Big Data (and other technologies) is dangerous, it can also help us to break those chains before they are set fully upon us. technology is morally neutral; it takes on the character of its user. I… Read more »
wpDiscuz
there are a lot of multinational companies in various fields that rules the world as the 50 you mentioned. an example…. Reckit Benckiser, etc. etc. obviously the oil companies which here there isn’t, or General Electric and all weapons industries. So all of these mentioned are important to the globalisation of poverty all around the world, and all geopolitic decisions that are a great problem. they make cartels, they govern on the presidents of states, they start wars and mondial crisis, etc. etc. etc. If world goes in that way the end is very near. And, a lot of people… Read more »
There is a lesson here for us. Big Data is being used to forge our chains, and I agree with the authors, 147 is too many for sustained collusion. They cooperate where their interests converge, but engage in cutthroat competition otherwise. If that were not the case, we would already be under the boot of a global fascist regime. The lesson is that while Big Data (and other technologies) is dangerous, it can also help us to break those chains before they are set fully upon us. technology is morally neutral; it takes on the character of its user. I… Read more »
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