Power really does rest in the hands of the few

A study that seeks to go behind ideology to study the connections of the powerful has revealed that the global economy only has a handful of players. Conducted by complex systems theorists at the Swiss Federal Institute of Technology in Zurich the study “examined the connections between 43,000 transnational corporations [and] has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.” Of those companies there is a “super-entity” of 147 even more tightly knit companies. Less than 1% controls 40% of the wealth of the entire network. Some of the companies included in this “super entity” include JP Morgan Chase & Co, Goldman Sachs Group Inc, and Sun Life Financial Inc. Read more in New Scientist. 

About Centre for Civic Governance

The Centre for Civic Governance works to support community leadership meeting today’s social and environmental challenges: climate change, Canada’s increasing equity gap, and shifting social trends. At the Centre for Civic Governance, our goal is to strengthen Canadian communities through sharing best practices, providing tools for locally elected leaders, and progressive policy analysis. We strive to provide knowledge and information to make real and positive social change.