Virtual=Real control of the world

Study shows powerful corporations really do control the world’s finances.

Following a line put forward by Alex Mosiak in the post previous to this one, we do have to ask how the future of research & development will change as globalized corporations control an ever growing chunk of world finances.

According to the above article, 40% of all the world’s capital is controlled/directed by 147 corporations. And I must wonder: Will virtual control of the world ever evidence itself as virtuous control?

This entry was posted in Economics & STEM Research, Public Philosophizing, Sustainability, Risk Management, & Long-Term Security. Bookmark the permalink.

One Response to Virtual=Real control of the world

  1. Yves Smith, blogger at Naked Capitalism, critiques this study rather harshly. I’m not quite sure her criticisms are valid, but here’s the link anyway for anyone who might be interested: http://www.nakedcapitalism.com/2011/08/study-asserts-world%E2%80%99s-stocks-controlled-by-select-few-bad-studies-that-confirm-conventional-wisdom-refuse-to-die-edition_.html

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