The 1% = The Interconnected Companies That Rule The World

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Say hello to the 1,318 highly interconnected transnational companies (with a core of 147 “super-entities”) that rule the world, as visualized by scientists at the Swiss Federal Insitute of Technology:

From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company’s operating revenues, to map the structure of economic power.

The work, to be published in PloS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What’s more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world’s large blue chip and manufacturing firms – the “real” economy – representing a further 60 per cent of global revenues.

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

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

—Read the entire  Article:

Revealed – the capitalist network that runs the world19 October 2011 by Andy Coghlan and Debora MacKenzie  

(Thanks to Neatorama for sharing the link to this article)

THE DIOGENES CLUB

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Diogenes sign

“Watson and I gathered our things and a five p.m. set out in a hansom cab from Baker Street to arrive at the one place at which I was certain to locate my brother in the early evening each day: The Diogenes Club.

“There are many men in London, you know, who, some from shyness, some from misanthropy, have no wish for the company of their fellows. Yet they are not averse to comfortable chairs and the latest periodicals. It is for the convenience of these that the Diogenes Club was started, and it now contains the most unsociable and unclubable men in town.

Sherlock-Holmes-My-Life_cover300No member is permitted to take the least notice of any other one. Save in the Stranger’s Room, no talking is, under any circumstances, allowed, and three offenses, if brought to the notice of the committee, render the talker liable to expulsion. My brother was one of the founders, and I have myself found it a very soothing atmosphere.”, I informed Watson as we jostled our way through the streets of London in the cab.

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This very exclusive men’s club was named after Diogenes, the Cynic. He made a virtue of extreme poverty, begging for a living and sleeping in a large tub in the marketplace. He was notorious for his provocative behavior and philosophical stunts. He carried a lamp in the daytime, claiming to be looking for an honest man. He regularly antagonized Plato, disputing his interpretation of Socrates and sabotaging his lectures. After being captured by pirates and sold into slavery, Diogenes eventually settled in Corinth, where he was befriended by Alexander The Great.

Fundamentally he was a Western contemporary of the ancient Indian ascetics who abstained from worldly possessions and comfort in favor of poverty as an aid toward spiritual purity. He believed that virtue was better revealed in action and not theory. His life was a relentless campaign to debunk the social values and institutions of what he saw as a corrupt society”, I explained to Watson, having read several treatises concerning the life of Diogenes written by modern day Cynics.

Alexander the Great went to meet Diogenes because he was impressed that the philosopher was so highly admired despite having neither money nor power. However, while Diogenes was relaxing in the sunlight one morning, Alexander, thrilled to meet the famous philosopher, asked if there was any favor he might do for him. Diogenes replied, “Yes. Stand out of my sunlight.”

Alexander declared, “If I were not Alexander, then I should wish to be Diogenes”, I said anecdotally, as Watson absorbed my diatribe, as well as the scenery passing by the window of our hansom.

The Diogenes Club was apparently founded, in part, as a front for the SIS, which, as you may know, is the supreme and indispensable brain-trust behind the British government. This organization secures government secrets and advises the best course of covert action to enable Britain to intervene in the affairs of other nations without detection.”

~ excerpt from the book SHERLOCK HOLMES: MY LIFE, by Lawrence R. Spencer

______________________________

Diogenes of Sinope was a Greek philosopher and one of the founders of Cynic philosophyhe was born in modern-day Sinop, Turkey, an Ionian colony on the Black Sea, in 412 or 404 BC and died at Corinth in 323 BC.

— https://en.wikipedia.org/wiki/Diogenes_of_Sinope

CREATURES OF NATURE

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CREATURES OF NATURE3Equality is an idea that individual members of a mass of beings have equal rights to action, self-possession and thought.
Aristocracy is the unchallengable right of power, control and possession of an entitled few over subservient individuals.
In nature these ideas are pre-programmed into the essence and behavior of every living creature, according to their nature.
Humans beings are creatures of nature.

~ lawrence r. spencer ~