John Robb: 147 Banks & Corporations as Global Financial Cancer, Gray Markets Fairs, Urban Foraging

01 Poverty, 03 Economy, 07 Other Atrocities, Blog Wisdom, Commerce, Commercial Intelligence, Communities of Practice, Corporations, Corruption, IO Impotency, Money, Banks & Concentrated Wealth
John Robb

JOURNAL: Global Financial Cancer

EXTRACT:  A new paper, The Network of Global Corporate Control by Vitali et. al. from ETH in Zurich.  This paper finds, through extensive network analysis, that a small group of tightly intertwined financial institutions control the bow of the global financial system.  It is in effect, the world’s first super-organism.  147 trans-national companies that the global core that is owned by itself (3/4 of the ownership of firm’s in this organism are owned by firms in the organism).  This organism is beyond governments.  If it is self serving (and this shouldn’t be too hard to assume), it is the equivalent of a biological cancer that has metastasized.

JOURNAL: Grey Market Fairs

Maker grey market ecosystem in China. Note how the Shanzhai Rules are reminiscent of the standing orders of OSW.

Foraging on vacant lots.  The NYTimes dives in.

Phi Beta Iota:  The day will come when the executives of the 147 transnational companies find themselves kidnapped, renditioned, and tortured until they make restitution by giving up the majority of their ill-gotten gains.  We anticipate a mix of vigilante, criminal, and third world governments getting into this business.  On the other end of the spectrum, we anticipate a massive withdrawal of normal people from the fraud-ridden world of banking and government-printed money.  The two go together.