Nothing new, but we need to get organised

It is already on the web elsewhere, but now Zurich scientists confirm our fears: Alle wealth is owned by a very small fraction of the people. This is a system risk.

Amplify’d from www.newscientist.com

Any engineer or programmer knows the hazards of a tightly-coupled large system. Economists should have seen the same problem when the Soviet empire collapsed, but they didn't because economists are frauds. The solution is simple in concept. Decouple as much as possible. Break up the EU, eliminate multinational trade organizations. Return to the pre-1970 condition of sovereign nations making bilateral trade arrangements. Eliminate every incentive that favors cross-border flows of goods, capital and jobs; those should only happen when they give a real advantage to the PEOPLE of BOTH nations in the transaction.

Revealed – the capitalist network that runs the world

a "super-entity" of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. "In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

Newcomers to any network connect preferentially to highly connected members. TNCs buy shares in each other for business reasons, not for world domination. If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. The Zurich study, says Sugihara, "is strong evidence that simple rules governing TNCs give rise spontaneously to highly connected groups". Or as Braha puts it: "The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy." Read more at www.newscientist.com

 

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