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> market cap Market cap doesn't measure economic activity. https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue https://en.wikipedia.org/wiki/Lis

• CydeWeys 6y ago
  Sort by profit, not be revenue, and you see the tech companies appearing again. Profit (or even just total corporate spending) is a better measure of economic activity than revenue.
  • MiroF 6y ago
    > Profit (or even just total corporate spending) is a better measure of economic activity than revenue. Profit is a terrible measure of economic activity because it is unrelated to the amount of goods changing hands. Indeed, in industries where lots and lots of goods change hands, profit is likely to be lower. e: Also, real estate is extremely profitable, it's just not as consolidated as the major tech companies are.
  • bluecalm 6y ago
    Your focus on profit is misguided. It's neither measuring economic activity nor is a good base for taxation. If someone makes a painting in 5 minutes and another guy pays 10M USD for it very little happened. 10M changed hands and the other guy has a painting on his wall. Yet somehow income tax proponents thinks it's fair to now take 50% from that transaction just because money changed hands. It's just not a good way to organize your tax system.