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Monday, October 22nd, 2018

69 of the Richest 100 Entities are Corporations, not Governments, Figures Show

Author:    
Source:     Information Clearing House
Publication Date:     October 20, 2018
 Link: 69 of the Richest 100 Entities are Corporations, not Governments, Figures Show
Stephan:   I have been telling my readers for at least 15 years, that underneath all the nationalistic crap that fills the media that a profound geopolitical transformation is taking place. It is one of the four great meta-trends: The transfer of real power from the nation state to a small nobility of money, not blood or heritage, through the corporations they control. This is the rise of Neo-feudalism, and it is well underway whether you know it or not. Check out the full list comparing the revenues of countries and corporations

Credit: Dash Radosti

Top corporations continue to accrue revenues far in excess of most governments, figures compiled by Global Justice Now show. Comparing 2017 revenues, 69 of the top 100 economic entities are corporations rather than governments. The top 10 corporations – a list which includes Walmart, Toyota and Shell as well as several Chinese corporations – raked in over $3 trillion last year.

When it comes to the top 200 entities, the gap between corporations and governments gets even more pronounced: 157 are corporations. Walmart, Apple and Shell all accrued more wealth than even fairly rich countries like Russia, Belgium, Sweden.

Global Justice Now released the figures in order to put pressure on the British government during UN human rights council negotiations this week to take forward a new binding UN Treaty to force transnational corporations to abide by human rights responsibilities. Campaigners are calling for the treaty to be legally enforceable at a national and global level. Britain, which currently sits on the UN human rights council, has traditionally been hostile to the treaty, which […]

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1 Comment

  1. Ken on Monday, October 22, 2018 at 7:10 am

    When they use the term “Revenue” in this article for corporation do they mean Sales or Net Profit. I suspect it is Sales as Walmart which is listed as number 1 at $500 trillion and Amazon.com is listed as number 18 at $177.9 billion. Amazon.
    com net worth in 2018 hit $1 trillion and Walmart’s net worth in August 2018 is $386.3 billiion.