Tag Archives: transnational corporations

MASTERS OF THE UNIVERSE: About “The network of global corporate control”, by S. Vitali, J. B. Glattfelder, S. Battiston

A passionate discussion has started on my French blog about the article The network of global corporate control, by S. Vitali, J. B. Glattfelder, S. Battiston.

I’m hoping that a parallel discussion in English starts here.

Here an excerpt of the paper to whet your appetite:

… nearly 4/10 of the control over the economic value of transnational corporations in the world is held, via a complicated web of ownership relations, by a group of 147 transnational corporations in the core, which has almost full control over itself. The top holders within the core can thus be thought of as an economic “super-entity” in the global network of corporations. A relevant additional fact at this point is that 3/4 of the core are financial intermediaries.