“Priests & nuns would make great flying sorcerers if someone would tell them that they can do it.”
Carlos Castaneda

The Second Ring of Power

The capitalist network that runs the world


From an article published at The New Scientist:

“As protest against financial power sweep the world this week, science may have confirmed the protesters’ worst fears … The work … revealed a core of 1318 companies with interlocking ownerships … 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 … that controlled 40 per cent of the total wealth in the network … The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group … It’s disconcerting to see how connected things really are … the super-entity is unlikely to be the intentional result of a conspiracy to rule the world … Such structures are common in nature.”

My thoughts:

  • Funny how science is proud of itself for proving what is already common knowledge.
  • Funny how scientists are disconcerted by the notion that things really are connected.
  • If the top 20 players in this field include names that have that have come close to collapse … does that mean we can look forward to a collapse of “the capitalist network that runs the world” … and the birth of something better?
  • Sad how scientists have very little understanding of how things work in nature.



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