First-time study showing empirical evidence confirming the conventional wisdom that corporations actually do control most of the world’s finances. Left: Interconnecting network of nearly 43,000 corporations (TNCs), with node sizes representing the ‘tier of control’ over others. Right: Zoom in of core. Part of the economic “super-entity” that controls nearly 1/3 of global wealth.
From the scientific paper: In detail, nearly 4/10 of the control over the economic value of TNCs in the world is held, via a complicated web of ownership relations, by a group of 147 TNCs in the core, which has almost full control over itself.
Non-scientific write-up of the paper.