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- เผยแพร่เมื่อ 12 ก.พ. 2013
- James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
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9 years later and it's gone so much farther than was back then. Would be hard to get something like this published today with current systems.
Proverbs 22:3
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.”
Take heed to this truth, or if you reject it as "conspiracy" or "craziness" you will suffer the consequences.
"Popery Puseyism Jesuitism"
By Luigi Desanctis
Page 140:
At what, then, do the Jesuits aim? According to them, they only seek the greater glory of God; but if you examine the facts you will find that they aim at universal dominion alone. They have rendered themselves indispensable to the Pope, who, without them, could not exist, because Catholicism is identified with them. They have rendered themselves indispensable to governors and hold revolutions in their hands; and in this way, either under one name or another, it is they who rule the world, who have reduced it to such perversion of ideas, that he can neither be a good citizen nor a good Catholic who is not a Jesuit.
Page 139:
He who thinks he knows the Jesuits by having read all the books that were written in the past century to unmask them, would be grossly deceived. The Jesuitism of that day was an open war against the Gospel and society; the Jesuitism of the present day is a slow but contagious and deadly disease, which secretly insinuates itself; it is a poison taken under the name of medicine.
"History of the Jesuits: their origin, progress, doctrines, and designs" 1854
By Nicolini, G. B. (Giovanni Battista)
Page 39:
take the Jesuit for what he ought or appears to be, and you commit the greatest of blunders. Draw the character after what the Jesuit seems to be in London, and you will not recognize your portrait in the Jesuit of Rome. The Jesuit is the man of circumstances. Despotic in Spain, constitutional in England, republican in Paraguay, bigot in Rome, idolater in India, he shall assume and act out in his own person, with admirable flexibility, all those different features by which men are usually to be distinguished from each other. He will accompany the gay woman of the world to the theatre, and will share in the excesses of the debauchee. With solemn countenance, he will take his place by the side of the religious man at church, and he will revel in the tavern with the glutton and the sot. He dresses, in all garbs, speaks all languages, knows all customs, is present everywhere though nowhere recognized-and all this, it should seem (O monstrous blasphemy!), for the greater glory of God
Page 82:
[Jesuit] Father Francis Pelhco... candidly confesses that " the many illustrious friends of the Society, prelates, orators, learned and distinguished men of every description, the supporters of the Society, remain occult, and obliged to be silent.''
"The Jesuits in History"
by Hector MacPherson
Page 148:
Danger lies in the fact that since the Vatican Council the interests of both are identical. Jesuitism is the power behind the Papal throne. “The presence of the Jesuits in any country, Romanist or Protestant,” once remarked Lord Palmerston, “ is likely to breed social disturbance.” So hurtful was the Jesuit Order found
to be that, up to 1860, it was expelled no fewer than seventy times from countries which has
suffered from its machinations...
In spite of Continental warnings, England, in the name of a spurious toleration, has become a Jesuit dumping-ground. Those whom
other countries have found from sad experience to be enemies, Britain allows to land on her shores, and to carry on unmolested their work of iniquity. We are carrying toleration to excess, and unless there is a change of policy, this nation will one day pay a heavy penalty. If we wish to escape the penalty, we must come to realize that a system which enslaves the individual, fosters superstition, is at war with patriotism and destroys morality, will, if allowed to flourish unchecked, sooner or later destroy society.
"The Jesuits in History" 1914
by Hector MacPherson
Page 122:
In order to clearness of thought in dealing with this subject, it is well to note the distinction between Roman Catholicism and the Papacy. The former has to do mainly with religion. It rests upon the theological doctrines which Protestants believe to be erroneous. There are Roman Catholics who take their religion but not their politics from the Pope. Had the Roman Catholic Church remained a purely religious organisation like any other sect, the world would have been spared centuries of evil. But in the course of its development the Romish Church, through its Popes, entered the civil sphere and aspired to universal monarchy.
"The Vatican Against Europe" 1993
by Edmond Paris
Page 308:
In the future, as in the past, she (The Catholic Church) will inexorably move towards the end she has set herself, without the slightest thought for the ruins and the catastrophes that her unwearying pursuit might be causing. "The end justifies the means". "No political event or circumstance can be evaluated without the knowledge of the Vatican's part in it. And no significant world situation exists in which the Vatican does not play an important explicit or implicit role.
"The Secret History Of The Jesuits" 1975
by Edmond Paris
Page 7:
The public is practically unaware of the overwhelming responsibility carried by the Vatican and its Jesuits in the start of the two world wars-a situation which may be explained in part by the gigantic finances at the disposition of the Vatican and its Jesuits, giving them power in so many spheres, especially since the last conflict.
Page -163-164:
But let us see, first, how an especially "authorized" personality, Franco, Knight of the Order of Christ, expressly confirmed the collusion between the Vatican and the nazis. According to "Reforme", this is what the press of the Spanish dictator (Franco) published on the 3rd of May 1945, the day of Hitler's death: ...
"I learned much from the Order of the Jesuits", said Hitler... "Until now, there has never been anything more grandiose, on the earth, than the hierarchical organisation of the Catholic Church. I transferred much of this organisation into my own party... I am going to let you in on a secret... I am founding an Order... In my "Burgs" of the Order, we will raise up a youth which will make the world tremble... Hitler then stopped, saying that he couldn't say any more.."(108)
"Swarms of Locusts: The Jesuit attack on the Faith" 2002
by Michael Bunker
Page 12:
There is a conspiracy against Christendom.... But who are Satan’s agents in this conspiracy? The “agents” are the Jesuits.
Even though the Jesuits exude vast influence and control in the areas of theology, education, recorded history and current media, I am still perplexed that virtually no literature exists exposing the Jesuit’s influence on mainline Protestantism.
👇🙃
ᴛᴏ ʙᴇ ꜱᴀᴠᴇᴅ ᴀꜱ ᴀ ᴄʜʀɪꜱᴛɪᴀɴ:
ᴛʜᴇ ʙɪʙʟᴇ ꜱᴀʏꜱ ᴡᴇ ᴄᴀɴɴᴏᴛ ᴅᴏ ᴀɴʏᴛʜɪɴɢ ᴛᴏ ᴇᴀʀɴ ꜱᴀʟᴠᴀᴛɪᴏɴ. ɪᴛ ɪꜱ ᴀ ɢɪꜰᴛ ꜰʀᴏᴍ ɢᴏᴅ. ᴡʜᴀᴛ ᴡᴇ ʜᴀᴠᴇ ᴛᴏ ᴅᴏ ɪꜱ ᴄᴏɴꜰᴇꜱꜱ ᴀɴᴅ ᴛᴜʀɴ ᴀᴡᴀʏ ꜰʀᴏᴍ ᴏᴜʀ ꜱɪɴꜱ. ᴀꜰᴛᴇʀ ᴛʜᴀᴛ ᴡᴇ ʟɪᴠᴇ ʜᴏʟʏ ɪɴ ᴏʙᴇᴅɪᴇɴᴄᴇ ᴛᴏ ᴊᴇꜱᴜꜱ (ᴛʜʀᴏᴜɢʜ) ꜰᴀɪᴛʜ. ᴀɴᴅ ʙᴇʟɪᴇᴠᴇ ᴛʜᴀᴛ ᴊᴇꜱᴜꜱ ᴅɪᴇᴅ ꜰᴏʀ ᴜʀ ꜱɪɴꜱ ᴀɴᴅ ʀᴏꜱᴇ ᴀɢᴀɪɴ ᴛʜᴇ 3ʀᴅ ᴅᴀʏ.
ᴏɴᴄᴇ ᴡᴇ ꜱᴇᴇ ʜᴏᴡ ꜱᴇʀɪᴏᴜꜱ ꜱɪɴ ɪꜱ, ᴀɴᴅ ʀᴇᴘᴇɴᴛ (ᴛᴜʀɴ) ꜰʀᴏᴍ ɪᴛ, ᴀɴᴅ ᴀꜱᴋ ɢᴏᴅ ꜰᴏʀ ᴍᴇʀᴄʏ ᴀɴᴅ ꜰᴏʀɢɪᴠᴇɴᴇꜱꜱ, ɢᴏᴅ ᴡɪʟʟ ɢɪᴠᴇ ᴜꜱ ʜɪꜱ ʜᴏʟʏ ꜱᴘɪʀɪᴛ ᴛᴏ ᴅᴡᴇʟʟ ᴡɪᴛʜ ᴜꜱ ᴀɴᴅ ʜᴇʟᴘ ᴜꜱ ᴏᴠᴇʀᴄᴏᴍᴇ ꜱɪɴ ᴀɴᴅ ʟɪᴠᴇ ʜᴏʟʏ. ɴᴏ ʀᴇʟɪɢɪᴏɴ ᴏʀ ᴄʜᴜʀᴄʜ ᴄᴀɴ ꜱᴀᴠᴇ ʏᴏᴜ
explain like I'm 5. How do you mean?
Good tactics go hand in hand with good strategy.
“The supreme art of war is to subdue the enemy without fighting.”
― Sun Tzu, The Art of War
I had a friend mention the art of war and when he for some reason thought that i would be pathetic enough to get physical. He screamed for help... I would have nevet hurt him. He was smaller and weaker anyway....
@@kennymos9007 what's wrong with getting physical
Argument from authority
@@Klaus-Schwab_Dictator Interesting finding someone named CIA who went on youtube 19 days ago and commented 13 days ago under a 9 years old comment
So running bots basically
This is my favorite type of TED talk. The type done by a smart person.
Those cynics who decry James B for just trotting out stuff we already knew. That is not the point. He has infact, uniquely configured these well known facts about the economic hegemony, and he needed to present it this way. Remember,it's always about the audience. Even Tedx is relatively conservative and this presentation merely adopts a conservative tone to satisfy the audience.
Some comments seem scepitcal about him because he didn't mention names or give hint to any of the NWO operations. But he would gain no credibilty in that environment for doing so. Winning hearts and minds requires tact. He is tactful and I am grateful to him for putting this out for the benefit of the intellectual, conservative liberals, who might take the hint from a fellow intellectual such as James B. I commend him for his strategy rather not fulfilling your perspective. Get wise, commonality not disparity.
Wake wakey middle classes -)
I was asking a friend about why she is not 'friends' on Facebook with her doctors? She said "boundaries". I answered "professional ethics." Then I got this idea that this is the core of the problem. We are in a time where we question everything. This is good. This is progress. Why should I need a doctor's recommendation to use medical marijuana? Am I not educated and responsible enough to know what's good for me? I like the bumper sticker which says, "question authority." This is what we need to do to evolve towards a peaceful planet.
I AGREE
'Commonality not disparity'? Disparity is part of life. It's not an either/or proposition. We actually have the things he claims we don't have, for periods" 'a stable society, a functioning economy, and peace'. The only place you'll have them all, continuously, is in a Utopian vision. Also, his statement that 'nobody knows why our models correspond to reality' was ridiculous. So those presuppositions were a turn-off. Other than that, though, great analysis and research. Not surprisingly, no remedies prescribed, but people are always working at trying to change things.
@AmbitiousPawn can you elaborate that a bit? I have hunch, but this is really complicated sentence to understand.
@@CandidDate do we still have time?? Or is it a violent overtake for peace? What will we do?
Nothing about central banking. :(
Maybe your conspiracy theories aren’t true
@@zackhamilton3361 8 years late reply bro
You didn't listen
@@zackhamilton3361 maybe you're a paid government troll. There's another former "consipacy theory" that is now accept fact. Thanks Edward Snowden.
Not a damn word about the VANGUARD investment group.. vanguard owns majority shares in BlackRock which is the second biggest investment firm in the world.. and between the two of them is basically.. the 001% - search Tim Gielen - Monopoly on any search engine that isn't Google..
This gentleman and his team quantified the power core, bravo, fantastic work!!! We all suspected and knew the results, the point is that they encoded this information into mathematical equations, that you can take to court. that's the point and well done!
Starts with a j and rhymes with chews
Jews?
@@Anonymous-xz1ym Nah, that's just a conspiracy theory...
@@aaronerickson8878 ...or is it?
Somebody had to find an ethnic boogeyman, didn’t they?
All I was waiting for through the entire video is the word "Jews"
@@cheapphilosophy9371 They do. Google is owned by them
@@cheapphilosophy9371 they have wmore then ever
@@LiMitZplus still they do not own the world, no body does
@@cheapphilosophy9371 technically yes but they think they have the god given right to that’s the problem
Love the melody of his voice !
Awesome. Totally makes sense and about time this kind of research got under way.
Good subject, I'm sure we're about to hear more about this topic in the future. Probably for the best interest and regulation of global economics and finally ascend to the next stage of civilization. Loved it.
Dreaming doesn't hurt anyone, does it?
So who are the 146 entities thats in controll
Excellent work James. Economist Steve Keen talks about this all the time. He's on the same page as you.
very good clarification of the gist of his chat, thank you
Thank you very much.
I recommend others go find this article. It gives you the list you want, and answers WHO.
Honestly, one doesn't need to be a master of complexity theory to understand that owners of trans national corporations (TNC) rule the world. Thats almost common knowledge. What are we going to do about it is a TED talk worthy of study and applause. This talk served to reinforce the pervading ethos.
Backing up the hypothesis with original, peer review research is important and makes this a worthy talk.
Could you with your common knowledge quantify the control that these players have ?
the rough common knowledge idea that elite corps control the world is not equivalent to the opportunity that nuance affords you. its like saying newtons work is stupid because we have the old saying " what goes up must come down!". nuance is everything.
Thank you, Sir. Thank you!
It's the little things in life...
brilliant analysis. i think that if you collected data on the ultimate income sources of those companies, you find they only exist inside of an infrastructure. another peculiar thing about complex systems is that they all rely on organized infrastructure. a person's mind is complex in a way that if a part of that infrastructure collapses, others arise to perform the function of the collapsed portion. ultimately though and arguably, the mind only exists within the infrastructure of the body. one limitation in this study is in the analogy of the pipes. when a hole is made, the entire fluid leaks. but it doesn't in blood or finance. therefor it' reasonable to assume that money and power can coagulate like blood. blood ceases to be useful to an organism when it has struck ground. maybe recruit a few biologists and see what analogies you might be able to draw in regards to diagnostics and pathologies and how they relate to current economic crisis?
so i do take it with a grain of salt, because of emergence resulting from multiple emergence of many complex systems woven together in multiple dimensions(by dimension for example, differentiating how we interpret analogies between the mind and financial institutions, and the mind and the motion of a bicycle. adequate analogies can be drawn in either case, but the vectors of each and any analogy will differ by dimension).
What a great way to express the power structure. Where does it lead?
Its good to see that more and more people are getting aware of the actual situation. I can see big changes in our world coming soon.
Not good changes
u still alive? im with you✊
@@greedyelites yep....
Did the changes you saw happen in s positive light or negative Mr @@MrWunterslausch
thought provoking presentation.
Good scientist ... I hope he keeps going forward on this interesting subject.
Thanks you, based on his first sentence I think I'll take your word for it.
I've been saying this for a long time. If we had stronger monopoly, usury and antitrust laws that were phased into the system, we could prevent too big to fail from happening ever again.
this is why i love tedtalks
Very interesting!
Respect, sir! I must confess, at first I thought you were just an annoying troll. But your clever arguments, your persuasive way of putting things in a different context and, most of all, the clear, unshakable evidence you present, really got me thinking!
By the way, are you aware of the famous study by Dunning and Kruger?
It actually speaks of it not being a conspiracy around 12:20. Though it lacked excitement, it was very interesting to me, and I enjoy the fact that it was no "stupid conspiracy, with aliens artifacts", plans of domination and control. It was a well done scientific review of tangible data on who has control of certain aspects of the world.
The more important point is that they showed that the concentration of wealth and power is a complex behavior emerging from very simple interactions. The subtext is that slight changes to those interactions have the potential to completely alter the distribution of wealth.
The line of simplicity that contains the healthy handling of complex power control is found in the organic relating of nodes who proceed to live together by owning up to the task at hand of sharing equitably the use of each one's time, energy, talents and natural resources among all present on the territory... That is the basic premise of "owning up to with integrity"...
this presentation has all the right vocabulary. and it is very fitting. the question now, is: In history when paradigm shifting events approached, academia was only made cognisant of the probabilities, scales and presence too late to prevent the manifestation of the event or allow, at least, an informed and long term approach to it's resolution. Now, with the ability to model entire hierarchies will we act with the intention to resolve? The Renaissance continues.
10:58 The 737 shareholders have potential to collectively control 80% of TNC value. That's 0.1% of players/shareholders, mostly financial institutions in US. Top 146 players in the core have potential to control 40% of TNC.
mostly financials in the USA and UK.
Thank you * * * * * * *
excellent video.
James B. Glattfelder gives a nice talk about Who controls the World? Bit academic but overall we should appreciate for its unique idea. Those who are interested in sociology, economics must watch this talk.
For a great critique and explanation of why this has not been done, and why it gets ignored or derided when someone tries to do it, the best place to start is "The Black Swan", by Nassim Nicholas Taleb. He puts the Black - Scholes option pricing formula into the context which helps explain the mess it creates. While reading that look up the art project by Joshua Portway and Lise Autogena. The Black-Shoals Planetarium, I think.
I'm glad you only took a glance james b. I don't think I could take the full picture based on that microcosm.
It would be interesting to see how you incorporate governments and other inflential entities into the model, as they are important parts of the network as well. I can imagine they might be modeled the same as corporations, possibly with certain parameters added/modified accordingly.
He mentions that the analysis of networks can be found anywhere, including your own brain.
He focuses on a portion of the economic aspect of control, with an attempt to analyze a small network into getting a bigger picture.
He proceeds to explain that whoever controls the flow of that economy, regardless of currency, controls the network.
Then he points that the few shareholders/top players who have the most control of the flow, due to the high interconnectedness of their companies, are not the ones who conspiracy theorists suspect they are. . .
He hints, that his research of these networks can help figure out how the top players compete with each other and how this affects the world economy, analytically.
Then the data can be used to create a better system, based on the observations of how nature does it. With trial and error, a few economic crises where everyone gets to pay for the stress, and voila! a perfect new network.
. . .Where the few top players become many, but still play by those simple rules, and the scientist gets control over emergence. . .
brilliant subject. I really don't understand all the chat about the speaker. he was good.
This is do interesting!
Couldn't agree more with everything this man said
I wonder if this video would still be up if he named those big players
I think its very brave and innovative, courageous. I like the idea of social investigations, publicly looking at power and dominance, subversion of systems to better serve the majority. I appreciate this presentation.
Perfect
very technical speech, but it's a good speech if you can understand terms. As a computer science student, i could grasp and relate some concepts to data management.
Who is come after elvish yadav ❤
YES!
what strikes me about this is that this would be the kind of studies i expect a competent government to do before making economic policy and im pretty surprised that it hasnt been done before on some level
So much tolerance. You are a great example for all humans.
the control relative to automatic, machine controls machine.. the talk is syst analys. related. components are preserving the potential of diversity and efficiency. Etc
BRAVO, WELL PLAYED THIS GOES BRILLENTLY WITH MY MENTILLY ME - I CAN PLAY 2. PLUS I NO - I AM
Mart Lad. Well said!
Something something merchants
good idea yes
where's the full list
The research looked at money and power through money in transnational corporations (TNCs). They focused on networks of ownership: what people own X amount of shares/stock in which companies, what companies are owned by which other companies, what is the monetary value of those companies/investments. The results showed that a huge amount of money/ownership/power was concentrated in a tiny fraction of the TNCs. He said that this would have dire consequence for society.
I think this is the way to understand what is really going on in the world of today.
That screensaver.
I miss the 90s.
Ho my Gosh! The question I've asked myself sooo many times... well I'm not disappointed, the complex systems studies really got me going there :D And this is interesting Why? Because everything, each system can be explained, studied, debated and changed. Time to hit on the economic system that is hitting on defenseless populations all over the world. ... online sinds 7 years, Hmmmmmm...
'Mankind is divided into rich and poor, into property owners and exploited; and to abstract oneself from this fundamental division; and from the antagonism between poor and rich means abstracting oneself from fundamental facts.' - J.V. Dzhugashvili
this was a tought provoking speech, and he really has a point
"...Globalized World..." I lol'ed.
Great video
The answer to the question appears at 06:05.
"He who has the money; has the power." Seemed like an appropriate thing to write.
That's not quite what he's saying. He mentioned that you don't need to control large TNCs. Controlling a small company with connections to larger companies will allow you to have more influence than what you would usually get using the same amount of money.
Best guess: Switzerland. I've had 2 brothers-in-law who were Swiss, and his accent is similar to theirs. Also, his name 'Glattfelder' sounds more Swiss than German. He's interested in economics, very popular in Switzerland. Finally: 'Filmed at TEDxZurich'.
Thank you for the clarification. I was not arguing against your point, just elaborating on your statement for general discussion.
Thank you for calling bs on largraf. While the people he refers to are themselves successful, innovative and imaginative, they are definitely trying to stifle these traits in others for their own collective benefit. To me, that is a shame and should be seen as contradictory to the collective human development.
Here are some things to think about:
1. It is incredibly easy and simple to create an act of terror in a city like NYC. It doesn't have to be violent. It just has to be disruptive both psychologically and financially.
Someone with resources (and our enemies have plenty) could simply rent out 150 large UHAUL trucks, then overturn them on every bridge in every lane and on every highway in NYC. The blocked traffic will make it impossible for the tow trucks to respond.
People will be lat for work. Financial hit will be signifficant. The psychological one will be even bigger.
If I can think of this - so should the bad guy.
2. The active shooter incidents can happen a lot more often and with a lot more casualties.
3. Arson and IED attacks are incredibly easy to plan and deliver.
We have plenty of psychoes. We have plenty of enemies. And we have plenty of idiots who are easy to manipulate.
All of these things can be done. But they don't happen. It is almost as if someone controls exactly how much of really bad things can happen to us per a unit of time.
There definitely is a controlling entity. And I am not talking about governments, G-d, or some other imaginable entity. I can't point the finger here. But there definitely is a Controller.
Wow that was about the most accurate youtube comment I've ever seen. Who are you and why are you so well spoken?....
...as opposed to the perpetual conquest to secure oppressive power handling of other people's time, energy, talents and natural resources, with artificial handling of possessions's control, which is much of what business as usual is all about.
'It's not omeostatic. We need more of other animals than humans.', would you kindly be able to explain what this summary sentence means? I also can't find a definition for omeostatic.
True genius.
If we consider the control in a different angle, we will see the power in hands of a few still depends on the majority. So I feel the most important thing is thoughts or ideas prevailing in our society.
This exactly wrong. It gets the message backwards. In no way do the values of “the majority” have a significant influence on the values of the < 1% who control how global resources are applied or deployed. While that isn’t the main point of the talk or the study, it is a strong corollary.
If you idealize work, you should look at March Of The Machinery recent report on 60 Minutes, because it seems we will be needing less and less of it.
“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.”
― Sun Tzu, The Art of War
where is this guy from ?
Interesting facts you argue with.
One big information that was left out was that the core of american financial institutions that make up most of the TNCs value are a part of the federal reserve system, which in turn has the legal right to lend any amount of dollars to any institution in the whole world at any interest rate without the duty to declare such actions.
In laymans terms: the fed can create dollars and give them to whomever it wants without telling anyone.
took him 10 minutes to get to the point but a great idea to talk about. It's refreshing to see someone rationally oppose the all too enthusiastic jump to conspiracy
I was really hoping he would name names! Still interesting.
It is indeed a portion of the 'successful' who stifle the emergence of more sustainable forms of energy and agriculture. So yes, financial success is indeed adversarial to innovation and creativity in these instances, but that is not always the case. There are successful people who use their resources to promote innovation and imagination. But it should be said that people with a vested interest in certain commodities may go to great length to ensure their resources don't become antiquated.
thumbs up for you@amarille
You seem pretty knowledgeable. I actually dont know who the house of Rothschild and Co. are but i be glad if you gave more in-depth explanation or point me to a source i could read about it.
Could this line of thinking be used as one of the many possible approaches in the U.S 3 billion dollar project to map the brain (first complex other animals and then humans)--with the shortest estimated time to theoretically do so taking ten years--?
I, too, have been wondering why there isn't more hard math-like science behind legal and economic systems.
Whats the conclusion?
01:16 and 03:46 - Jim from the office?
Sure. Everyone's in on it. Right.
what an intelligent young man
Its not conspiracy, its the end result of massively complex economic changes over the last hundred years. Each incremental step was taken by people acting in their own perceived best interest. Every step was taken in the public eye and with the publics participation and support. The question is what do we do now.
True economics, as a whole, can't be boiled down into formulas that predict every outcome 100%, but the idea is to abstract the ideas so we can estimate. Kind of like a contact book, the personalities and ideas of the individuals in that book are infinite, but you pull out the important info like phone numbers, addresses and emails. You can extract data out of that like the percent of people that use gmail or how many live in an area. It is not 100% accurate but it is plenty good for estimation.
I think he's correct that a small number wield a lot of money (which isn't necessarily power/control, but it can be if it can buy violence, i.e. lobby the lawmakers), but overlooks the possibility that governments (i.e. violence) are responsible. Without governments corporations likely wouldn't exist, as they are a legal invention intended to shield owners from personal loss. Additionally, economic regulations keep small competitors down, as the large players can afford compliance.
Juice
Actually this -- all of this, really -- has been proposed before, over fifty years ago as a matter of fact, in Marshall McLuhan's short OP-Ed in the NYTIMES entitled A Media Theory of Inflation. The 'nodes' of the network reflect the audio-tactile metaphor that MM predicted would be more appropriate to understanding transactions in a speed-of-light global satellite environment. Adam Smith was a citizen of the Gutenberg Galaxy, thus his metaphors of transaction are the visually-biased atomistic-Newtonian 'individual' of Enlightenment Europe (the 'hand' was hidden, remember?)
But reinventing the wheel is cool, too.
Correction: the invisible hand! Even more of a reference to the interplay between tactility and the then-dominant visual bias. Praise be to McLuhan, Peace be Upon Him.
@@MatthewEngleman great stuff
He gave us numbers. That does not answer the question posed in the title 'Who controls the world?". I would expect to have a name or names to answer a 'who' question. Also, I would like to know how the 'significant systemic risk to the global economy' by 'the probability of imposing ones own will,despite the opposition of others' can be thwarted by 'ending the gridlock created by conflicting ideas'.
What a big spin...jackpot
Elvish yadav 🎉
can we know the person's name as well, because all the time this discussion ends at name with organization not with the name of owner?
Thats one way of looking at it, i suppose