Concentrated Corporate Control Is Evidence of Oligarchy

I’ve read the paper, The Network of Global Corporate Control, and I think it is convincing evidence of the unnatural accumulation of corporate power and control in the hands of a few, the very definition of Oligarchy. The authors conclude that 737 holders accumulate 80% of the control over the value of all Transnational Corporations (TNCs), and 147 have 40% of the control over those TNCs.

Some of the media folks who have written about it want you to think the concentration of 40% of the control of the largest companies is just a natural thing, like this snotty piece from Forbes, The 147 Companies that Control Everything. Or they want to tie it to OWS, like this from Canada’s Globe and Mail, It’s True: Bankers Really Do Control the World: Study. The New York Times, the Wall Street Journal and pretty much the rest of the national media ignored it, their usual solution for information that raises questions about control by the rich. Before you draw any conclusions, it’s helpful to see what the authors did, what they think, and what they concluded.


Read also: The network of global corporate control

About Giorgio Bertini

Research Professor. Founder Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
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