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The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs). "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 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. MORE www.newscientist.com...
If there were really a Capitalist network that runs the world, the world would be free, prosperous, would have clean water and air, bountiful harvests, and generally happier and wealthier.
Originally posted by RealSpoke
Corporatism is capitalism. It is nothing but a group of capitalists organizing to purchase the means of production. It only becomes fascist once the governments start having direct control over the corporations.
Capitalism has nothing to do with free markets or individualism, it only require that the means of production are privately owned to create profit.
Originally posted by RealSpoke
reply to post by The Old American
If there were really a Capitalist network that runs the world, the world would be free, prosperous, would have clean water and air, bountiful harvests, and generally happier and wealthier.
That's not true at all. Are you really trying to say that there is no poverty, starvation, or pollution in capitalist countries?
Originally posted by The Old American
Originally posted by RealSpoke
reply to post by The Old American
If there were really a Capitalist network that runs the world, the world would be free, prosperous, would have clean water and air, bountiful harvests, and generally happier and wealthier.
That's not true at all. Are you really trying to say that there is no poverty, starvation, or pollution in capitalist countries?
There are no Capitalist countries. The best that exists is a mixed system of Capitalist and other economic systems. The U.S. is a mix of Capitalist and Socialist. Only people that believe in force and theft think that Capitalism is bad, and the same people use lies and propaganda to tie Corporatism to Capitalism.
Learning things isn't just for kids.
/TOA