Sunday, October 30, 2011


A recent study of concentration of corporate control says that 737 entities have accumulated 80% of the control of the 43,060 Transnational Corporations (TNCs) listed in the Orbis database. I describe the methodology of the authors here, and it appears to be a sensible contribution to the task of identifying control in the complex ownership structures that make up the economy. There are valid criticisms of the results, but I believe it provides evidence that we live in an Oligarchy.
I don't know what the answer is, but I think it involves lower taxes for rich people and less regulation.

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