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The Global 1%: Exposing the Transnational Ruling Class

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opednews.com Headlined to H1 8/19/12

A 2011 University of Zurich study, research completed by Stefania Vitali, James B. Glattfelder, Stefano Battiston at the Swiss Federal Institute, reports that a small group of companies--mainly banks--wields huge power over the global economy. [xxvi] Using data from Orbis 2007, a database listing thirty-seven million companies and investors, the Swiss researchers applied mathematical models--usually used to model natural systems--to the world economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership between them. The research created a "map" of 1,318 companies at the heart of the global economy. The study found that 147 companies formed a "super entity" within this map, controlling some 40 percent of its wealth. The top twenty-five of the 147 super-connected companies inc ludes:

1. Barclays PLC*

2. Capital Group Companies Inc.

3. FMR Corporation

4. AXA

5. State Street Corporation

6. J. P. 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

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occupybohemiangrove.com
President Media Freedom Foundation, former director of Project Censored.

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