The network of global corporate control

The title of this post is taken from a recent paper by three complex systems theorists from ETH Zurich: Stefania Vitali, James B. Glattfelder, and Stefano Battiston.  I learned of this paper from a Twitter post by Glenn Greenwald that linked to an article about it in New Scientist by Andy Coghlan and Debora MacKenzie.  I think many of us have long suspected that transnational corporations, which control the global economy, are themselves controlled by a small number of highly-interconnected financial institutions.  The paper appears to go a considerable way towards confirming this.

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