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A recent analysis of the 2007 financial markets of 48 countries has revealed that the world's finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system's vulnerability as it stood on the brink of the current economic crisis.
The most pared-down backbones exist in Anglo-Saxon countries, including the U.S., Australia, and the U.K. Paradoxically; these same countries are considered by economists to have the most widely-held stocks in the world, with ownership of companies tending to be spread out among many investors. But while each American company may link to many owners, Glattfelder and Battiston's analysis found that the owners varied little from stock to stock, meaning that comparatively few hands are holding the reins of the entire market
I get a little sicker every day, a little angrier every day. I'm powerless to basically do anything to stop this madness - and madness it is - and it's really taking a toll on me
Hey Sancho, I agree with all you've said here except this. While it is more difficult than in many countries to keep your corporation veiled it is actually very difficult to pierce the corporate veil so that real people and not corporate persons (legal entities) have liability for their actions.