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Banker Occupation and Europain

By       Message Stephen Lendman       (Page 1 of 8 pages)     Permalink

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Banker Occupation and Europain - by Stephen Lendman

Bankers run world governments lawlessly.

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Bankers rule the world. A new Swiss Federal Institute of Technology study says so. Written by Stefania Vitali, James Glattfelder and Stefano Battiston, it's titled "The network of global corporate control," saying:

"We find that transnational corporations from a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic 'super-entity' that raises new important issues both for researches and policy makers."
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The study says 147 powerful companies control an inordinate amount of economic activity - about 40%. Among the top 50, 45 are financial firms. They include Barclays PLC (called most influential), JPMorgan Chase, UBS, and other familiar and less known names.

Twenty-four companies are US-based, followed by eight in Britain, five in France, four in Japan, and Germany, Switzerland, and the Netherlands with two each. Canada has one.

Moreover, "top ranked" companies "hold a control ten times bigger than what could be expected based on their wealth."

As a result, they have enormous influence over political, financial, and economic activity.

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In his book titled, "When Corporations Rule the World," David Korten said they're able to transfer enormous amounts of power, wealth and resources from public to private hands with government complicity. Money power and concentrated wealth in few hands especially harm humanity. 

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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