
“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:
Bye-Bye, Bernanke… Hello Timmy?
Pippa Malmgren on Success
Bitcoin, Encryption, Drug Use, and the FBI's Own Bitcoin Wallet
"When Will They Learn?"
Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market
How to Be a YouTube Star and Beat Justin Timberlake in the Charts
The Ultimate Privacy Protection: Foreign Real Estate
Welcome to Police-State America, Weary Traveler
Paul Rosenberg: The Beauty and Dignity of the Productive Class
Not Worth a Continental
Lessons from the Great Austrian Inflation
Andrew J. Bacevich: A Letter to Paul Wolfowitz
How to Avoid Second Passport Scams and Traps
The Iraq War: 10 Years Later - Anthony Gregory
It Won't Stay in Vegas: The Metro PD's Homeland Security Theater