Many large Multinational Corporations have more money than entire countries with annual revenues so colossal, that they dwarf the economies of many big countries across the globe. However, the world’s most profitable and successful businesses do not always have stellar reputations or loyalties, yet people dream of working for them and worship them and their mass produced products…
Experts say rampant globalization is largely responsible for companies being able to conquer new markets and grow to such imperialist sizes, and to use this muscle and power to attack new markets / countries. However, bigger does not always mean better. They use their muscle to take over management or even ownership of the resources of entire countries. Many multinational corporations, including those from the list below, have generated negative headlines and are among the most hated but needed. This art of making themselves indispensable and untouchable is no accident.
95% of all products sold in America are from only 10 Corporations!
Statistics show that salaries of CEOs have ballooned over the past 50 years, extending the gaps between them and their employees. Today, these ‘fat cats’ can earn the annual salary of a typical worker by lunchtime. Walmart CEO Doug McMillon’s total compensation rose two percent in 2017 to $22.8 million. Meanwhile, the company’s average employee earned $19,177 in the same period.
Free does not mean fair. In many cases “free market” merely means free for monopolies to take over because they have the unfair advantage. The result is inevitable monopolization, conglomeration and globalization, at great cost to locals and to quality.
This leads to the situation where citizens of countries are merely consumers and illegal immigrants and refugees are considered as new markets and untapped profits… you will be hard pressed to find ANY multinational corporation against mass immigration. Why build factories or offices in Africa (creating local jobs and wealth) when you can just ship the consumers over to the West…
WALMART earns more than Belgium
US retailer Walmart, with revenue of $486 billion in 2017, out-earned the sixth-largest economy in the euro zone – Belgium (with GDP of $468 billion). If it were a country, Walmart would be ranked 24th in the world by GDP.
VOLKSWAGEN earns more than Chile
Revenues of German automaker Volkswagen are greater than Chile’s GDP. The company, which has been hit by the ‘Dieselgate’ scandal, earned $276 billion last year. Chile’s GDP in 2016 was $250 billion, and it is considered by many to be the most stable nation in South America, ahead of other nations such as Argentina, Brazil, and Colombia. Volkswagen would be number 43 in the world if its revenue represented its GDP.
APPLE earns more than Portugal
US technology giant Apple would be 47th in the world by GDP if it were a country. The company, which has been accused of mistreating and underpaying their employees, hiding money offshore, and not paying taxes, earned $229 billion last year. In comparison, Portugal’s GDP in 2016 was $205 billion.
AMAZON earns more than Kuwait
Online retailer Amazon, which is close to surpassing Apple as the world’s most valuable company, earned almost $118 billion in 2017. Its revenue exceeded the GDP of Kuwait ($111 billion). Amazon CEO Jeff Bezos has recently become the richest man in modern history, with his wealth topping $150 billion this month.
ALPHABET GOOGLE earns more than Puerto Rico
Google’s parent company, Alphabet, earned more last year than Puerto Rico, which has a GDP of $105 billion. Alphabet revenues in 2017 totaled $111 billion. Going off its revenues, the company would be 59th in the world by GDP if it were a country.