- Of the world’s 100 largest economic entities, 51 are now corporations and 49 are countries.
- The world’s top 200 corporations account for over a quarter of economic activity on the globe while employing less than one percent of its workforce. (source)
- The richest 1 percent of Americans own 40 percent of the nation’s household wealth (as of 1997). (source)
- The assets of the world’s 358 billionaires exceed the combined annual incomes of countries with 45 percent of the world’s people. (source)
- The average CEO in the U.S. made 42 times the average workers pay in 1980, 85 times in 1990 and 531 times in 2000. (source)
- The courts have given corporations the basic Constitutional rights of persons, but workers lose those rights on entering the workplace.
- The corporate share of taxes paid has fallen from 33 percent in the 1940’s to 15 percent in the 1990’s. Individuals’ share of taxes has risen from 44 to 73 percent.
- The World Trade Organization effectively gives corporations veto power over our U.S. environmental and labor laws, weakening your right to protect ourselves and our land by our legislation.
Wal-Mart 25th Largest Economic Entity
4 responses to “Wal-Mart 25th Largest Economic Entity”
some people predict that the wars of the future will be fought between transnational corporations, not states.
That prediction is probably from the 1950’s.
Today, it’s a fact.
Very nice stats. Happy Sunday stud !
Wow. I knew all that in the back of my head. It’s nice to have to stats and sources to confirm my suspicions.
Greed is certainly taking it’s toll.
European empires began with independent companies taking over large parts of the world (the East India Company in India, the Dutch East India Company in Indonesia, a Belgain company took over the Congo etc etc). Later, when the companies abused their positions, national governments had to take over the territories.