Thursday, October 20, 2011

1318


"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."

As tech becomes more powerful, the ability to merge entities like these into one monstrous "company" controlling all the world's business operations, to enhance profits of course, becomes easier just as turning dollars into bits using the same tech enabled the five Wall Street Banks to bankrupt the world with consummate ease. With this in mind, thinking how The Company could operate in it's own behalf,  here's a possibility devoutly to be missed. :)

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