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No Conspiracy Theory -- A Small Group of Companies Have Enormous Power Over the World

A major scientific study identified a number of companies with outsized control over a huge portion of the earth's economy.

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[35]     David Enrich and Max Colchester, “Before Scandal, Clash Over Control of Libor,” The Wall Street Journal, 11 September 2012:

[36]     Andrew Mayeda, “Canada Regulator Says Has Power to Probe Libor ‘Cartel’,” Bloomberg, 22 June 2012:

[37]     Halah Touryalai, “Banks Rigged Libor To Inflate Adjustable-Rate Mortgages: Lawsuit,” Forbes, 15 October 2012:

[38]     Darrell Preston, “Rigged Libor Hits States-Localities With $6 Billion: Muni Credit,” Bloomberg, 9 October 2012:

[39]     Andrew Gavin Marshall, “Austerity, Adjustment, and Social Genocide: Political Language and the European Debt Crisis,”, 24 July 2012:

[40]     Roger Altman, “We need not fret over omnipotent markets,” The Financial Times, 1 December 2011:

[41]     Ben Polak and Peter K. Schott, America’s Hidden Austerity Program,” The New York Times, 11 June 2012:;

Jason Cherkis, “A Thousand Cuts: Austerity Measures Devastate Communities Around The World,” The Huffington Post, 17 July 2012:;

Editorial, “The Austerity Trap,” The New York Times, 23 October 2012:;

Derek Thompson, “American Austerity: Why the States Cutting Spending Are Doing Worse,” The Atlantic, 21 June 2012:

[42]     “CEOs Deficit Manifesto,” The Wall Street Journal, 25 October 2012:

[43]     “Executives Who Signed the Fix the Debt Declaration,” The Wall Street Journal, 25 October 2012:

[44]     Al Lewis, “Bankers Face the Abyss,” The Wall Street Journal, 21 October 2012:

[45]     Heather Stewart, “Wealth doesn’t trickle down – it just floods offshore, research reveals,” The Observer, 21 July 2012:

[46]     Heather Stewart, “£13tn hoard hidden from taxman by global elite,” The Observer, 21 July 2012:

[47]     We’re living in a plutonomy, The Telegraph, 2 April 2006:

[48]     Robert Frank, Plutonomics, The Wall Street Journal, 8 January 2007:

[49]     Ibid.

[50]     Gus Lubin, Deutsche Bank Says The ‘Global Plutonomy’ Is Stronger Than Ever, And That Means 10X More Volatility, Business Insider, 17 February 2011:

Andrew Gavin Marshall  is an independent researcher and writer based in Montreal, Canada, writing on a number of social, political, economic, and historical issues. He is also Project Manager of  The People’s Book Project . He also hosts a weekly podcast show, “Empire, Power, and People,” on

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