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.
"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....