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.
2 responses to “MASTERS OF THE UNIVERSE: About “The network of global corporate control”, by S. Vitali, J. B. Glattfelder, S. Battiston”
Fascinating. I have posted on this briefly at my site (http://tinyurl.com/3v73btn) since noticing the paper yesterday evening thanks to your blog and have linked to your discussion.
There is also a discussion (in English) here: http://tinyurl.com/4xwyxqk
There is a very interesting comic in the Dutch language, called de Bovenbazen, published in 1963 that really tells it all.
If I get permission from the publisher I intend to translate parts of it for this blog.
Otherwise if you read dutch certainly worthwile…..
ISBN 9789023455844