Finanzielle Machtelite

Synopsis: Weniger als 1% der gesamten Weltbevölkerung besitzt ca. 50% des Gesamtvermögens.

The terminology is adopted from sociology, in casu, power structure analysis (Domhoff 1975), where the topic of power concentration has been thoroughly studied (e.g., Froud et al. 2017; Harvey 2007; Hill and Kumar 2009), for instance, with regard to the “fractional reserve banking system” (Foster and Holleman 2014) which has been described as “economic parasitism.” Currently, financial disparity has reached an extreme climax and statistics indicate that an extremely small ultra-rich segment (> 1% of the total population) owns ≈ 50% of the world’s entire wealth (i.e., ≈ $140 trillion are owned by an infinitesimal small minority; but see the “Global Wealth Report” from 2018 published by the Credit Suisse Research Institute). According to Forbes, wealth concentration in the USA has spiked in recent years. For example, “three men own as much as the bottom half of Americans” and the “richest American in 2018 was worth 31 Times as much as in 1982.” A recent big-data study conducted at the ETH Zürich provided insightful results. Based on graph-theoretical network topology analysis, a “super-entity” consisting of a network of global corporate control was identified (Vitali et al. 2011). The researchers concluded that “transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions,” an empirical finding which is indicative of a “richer-getricher” mechanism.

Source: Germann, C.B. 5-Methoxy-N,N-dimethyltryptamine: An Ego-Dissolving Endogenous Neurochemical Catalyst of Creativity. Act Nerv Super 61, 170–216 (2019). doi.org/10.1007/s41470-019-00063-y