The 147 Corporations Controlling Most of the Global Economy

by jeff on October 24, 2011

Saw this post over at Slashdot:

“Researchers at the Swiss Federal Technology Institute in Zurich have identified a ‘Capitalist Network’ [PDF] of well-connected companies that control most of the global economy. They further identified the 147 ‘super-connected’ companies that control forty percent or more of the global financial network. If one believes the mega-corporations have most governments of the west in their pockets, does this mean we have a global oligarchy?”

It’s staggering to see that 1% of the world’s corporations control 40% of the world’s economy, though not exactly surprising either.  This fact deeply underscores what Jim Wallis wrote over on Sojourners about the “Un-Economy” last week.  Jim’s post is worth a read.

 

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