Difference between revisions of "Wikispooks:Sandbox"

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{{Please leave this line alone and write below (this is the coloured heading}}
 
{{Please leave this line alone and write below (this is the coloured heading}}
  
{{Document
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|ContentsTitle=The Network of Global Corporate Control
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|description = <500 word plaintext summary (Property:Description)
|publication_date=2011/03
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|type=study
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|name = Use if it differs from the PAGENAME
|description=An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
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|logo = Concept logo (Property:Has logo)
|draft=No
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|authors=Stefania Vitali, James B. Glattfelder, Stefano Battiston
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|subjects=Corporate Network Analyses
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|source_name=http://www.plosone.org
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|source_URL=http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0025995
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'''Simple rules form the basis of a complex network'''
 
 
Quote from
 
[http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html newscientist.com]
 
 
Newcomers to any network connect preferentially to highly connected members. TNCs buy shares in each other for business reasons, not for world domination. If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. The Zurich study, says Sugihara, "is strong evidence that simple rules governing TNCs give rise spontaneously to highly connected groups". Or as Braha puts it: "The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy."
 
 
So, the super-entity may not result from conspiracy. The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest.
 
 
'''The top 50 of the 147 superconnected companies'''
 
 
1. Barclays plc
 
 
2. Capital Group Companies Inc
 
 
3. FMR Corporation
 
 
4. AXA
 
 
5. State Street Corporation
 
 
6. JP Morgan Chase & Co
 
 
7. Legal & General Group plc
 
 
8. Vanguard Group Inc
 
 
9. UBS AG
 
 
10. Merrill Lynch & Co Inc
 
 
11. Wellington Management Co LLP
 
12. Deutsche Bank AG
 
13. Franklin Resources Inc
 
14. Credit Suisse Group
 
15. Walton Enterprises LLC
 
16. Bank of New York Mellon Corp
 
17. Natixis
 
18. Goldman Sachs Group Inc
 
19. T Rowe Price Group Inc
 
20. Legg Mason Inc
 
21. Morgan Stanley
 
22. Mitsubishi UFJ Financial Group Inc
 
23. Northern Trust Corporation
 
24. Société Générale
 
25. Bank of America Corporation
 
26. Lloyds TSB Group plc
 
27. Invesco plc
 
28. Allianz SE 29. TIAA
 
30. Old Mutual Public Limited Company
 
31. Aviva plc
 
32. Schroders plc
 
33. Dodge & Cox
 
34. Lehman Brothers Holdings Inc*
 
35. Sun Life Financial Inc
 
36. Standard Life plc
 
37. CNCE
 
38. Nomura Holdings Inc
 
39. The Depository Trust Company
 
40. Massachusetts Mutual Life Insurance
 
41. ING Groep NV
 
42. Brandes Investment Partners LP
 
43. Unicredito Italiano SPA
 
44. Deposit Insurance Corporation of Japan
 
45. Vereniging Aegon
 
46. BNP Paribas
 
47. Affiliated Managers Group Inc
 
48. Resona Holdings Inc
 
49. Capital Group International Inc
 
50. China Petrochemical Group Company
 
 
* Lehman still existed in the 2007 dataset used
 
 
(Data: PLoS One) 
 
 
[[Category:Doc]]
 

Revision as of 07:57, 5 October 2014

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