|Seeking to follow the oligarchy’s money, the London-based Open Data Institute has collected and mapped corporate data, much of it made public for the first time, showing the complex relationships between multinational companies and their global subsidiaries. Stunning visuals on the corporate networks of the six biggest banks in the U.S. – Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo, Citigroup and JP Morgan – show the tangled webs they weave.
ODI’s Nigel Shadbolt on identifying “the extensive, complex, and sometimes opaque connections which exist amongst global corporations: Understanding their networks will enable governments, businesses and citizens to make better decisions – be they legislative, commercial, ethical or environmental. The tide has already turned towards openness. Those who do not turn with it will be left behind.”
Including more than 739 companies based in the Cayman Islands alone. Common Dreams on the staggering webs woven by multinationals as they split and grow, bringing to mind primitive, blob-like life forms expanding and engulfing their surroundings:
Goldman Sachs Contains 4,000 Separate Corporate Entities