1. World problems
  2. Undisclosed control of national economies by limited number of individuals

Undisclosed control of national economies by limited number of individuals

  • Disproportionate influence of some individuals on national policy-making

Nature

It is possible for a limited number of wealthy individuals to make use of networks of holding companies, family ties and other special relationships in order to maintain effective control over the major corporations and decision-making centres of a national economy. The individuals related in this way may be in government, military and banking positions as well as in public or private corporations. Because of corporation secrecy on these matters, it is very difficult to determine the extent of such control and to hold the controllers responsible for policies which they attempt to implement to the disadvantage of those outside their privileged circle.

Incidence

It has been claimed that only 100 people are behind most economic decisions taken in France, that four companies decide the industrial development of Italy, and that three inter-related families virtually control the economy of Belgium.

Broader

Narrower

Aggravates

Aggravated by

Strategy

Value

Limitedness
Yet to rate
Disproportion
Yet to rate
Nondisclosure
Yet to rate

Reference

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #17: Partnerships to achieve the Goal

Metadata

Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
  • Communication » Influencing
  • Cybernetics » Control
  • Economics » Economy
  • Policy-making » Policy
  • Society » Individuals
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    May 20, 2022