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Largest companies by annual revenue[0]: WalMart Stores (US) - $485.8bn State Grid (China) - $315.1bn Sinopec (China) - $267.5bn China Natura
by igravious 9y ago
Largest companies by annual revenue[0]:
WalMart Stores (US) - $485.8bn
State Grid (China) - $315.1bn
Sinopec (China) - $267.5bn
China Natural Petroleum (China) - $262.6bn
Toyota Motor (Japan) - $254.7bn
Volkswagen (Germany) - $240.2bn
Royal Dutch Shell (Netherlands) - $240bn
Berkshire Hathaway (US) - $223.6bn
Apple (US) - $215.6bn
Exxon Mobil (US) - $205bn
None are the big three. Should we nationalize Toyota and Volkswagen also?
[0] http://www.telegraph.co.uk/business/2017/07/20/revealed-worlds-10-largest-companies-revenue/ http://www.telegraph.co.uk/business/2017/07/20/revealed-worl...
- TrickyRick 9y agoAre you more or less forced to buy a Toyota simply because all your friends drive a Toyota? Is the majority of roads exclusive to Toyotas? If you question a business decision of Toyota, or a design of their car, can you then sell said car and purchase one from another brand with minimal impact on your daily life (Other than the fact that you have to sell and buy a car)? Clearly it's not just about revenue numbers here.
- kiliantics 9y agoI think nationalising Walmart is a perfectly reasonable idea. Considering issues like the level of access to quality food in poor neighbourhoods in the US and the fact that US government subsidises much of Walmart's labour cost already, it would be a much better deal for the American people on average.
- zild3d 9y agoNot really relevant, it's not the revenue that is a problem. It's their massive network effects that are, as the author puts it, platform monopolies. Walmart, Toyota, Apple, do not have entrenching networks that lead to a monopoly. You can just as easily go to Target, buy a Honda, or get an Android phone