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An interesting quote:Originally Posted by fortheether
"If one [company] suffers distress," says Glattfelder, "this propagates."
Now, when they've finally discovered it, what are they going to do about it?
Crucially, by identifying the architecture of global economic power, the analysis could help make it more stable. By finding the vulnerable aspects of the system, economists can suggest measures to prevent future collapses spreading through the entire economy. Glattfelder says we may need global anti-trust rules, which now exist only at national level, to limit over-connection among TNCs. Sugihara says the analysis suggests one possible solution: firms should be taxed for excess interconnectivity to discourage this risk.
Taxation won't help with TNCs - they simply move their assets to a more tax-friendly country. And I'm even ready to believe that:
the super-entity is unlikely to be the intentional result of a conspiracy to rule the world. "Such structures are common in nature," says Sugihara.
The question remains - the whole world's economy rotates around these 1500 companies. How can anyone de-centralize it? What must be done? Or we should all agree and accept the fact that our lives and the lives of our children will depend on this limited number of companies? Now and forever?
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