“It wasn’t that many decades ago that a list of the top companies with the most wealth and influence would have been dominated by companies that produced real, tangible products – that is, those that created wealth by adding value to goods by transforming resources into products. Companies like GE, GM, IBM, Exxon, and other industrial giants would have been the wealthiest, because, well, they create actual wealth. Today the top fifty companies in the ‘super-entity’ list of 147 from the above study is concerning. Out of the fifty, 17 are banks, 31 are an assortment of investment, insurance, and financial services companies, and only 2 are non-financial companies.”
http://www.peakprosperity.com/blog/82432/bankers-own-world
Related posts:
Bob Higgs: The Relentless March of the U.S. Police State
The next big industry to face digital disruption will be our nations
Will Grigg: "Ominous Threats" and Murderous Zeal
All Government Policies Succeed in the Long Run
20 Investment Insights from Peter Lynch
Gupta Mea Culpa
Could You Be Arrested For Offering A Lyft?
My History With the Infinite Banking Concept (IBC)
Robert Ringer: The Illusion of Misfortune
Wendy McElroy: Measuring the Extent of a Police State
4 Ways Living Abroad Can Give You More Freedom
Obama's False History of Public 'Infrastructure' Investment
The Grand Experiment: Offloading Risk onto the State
How to escape from a car underwater
Withdrawing Consent Means More Than It May Seem