Saturday 29 October 2011

Revealed - the 147 companies that run the world

Please see this article from New Scientist that has worked out that 1318 "transnational" corporations own and control 60% of the world's wealth, and 40% of the number by 147 "super-entities". In other words, it really is 1%! That is why the Socialist Party calls for a socialist government to take into public ownership the top 150 companies and banks that dominate the British economy, and run them under democratic 
working class control and management. A democratic socialist plan of production would ensure that all the wealth and potential of the world really can go to the 99% of people in the world while safeguarding the environment.

http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html#bx283545B1

"AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy....

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