Linked by Thom Holwerda on Tue 27th Jun 2017 18:43 UTC
In the News

There is something horrible about this little video. Why do the inhabitants of this suburban home require a recipe for pasta from a jar? Why can't they turn the lights down using their hands? If the ad were an episode of "Black Mirror", they would be clones living in a laboratory, attempting to follow the patterns of an outside world they've never seen. And yet the ad is not fantastical but descriptive. It's unsettling because it's an accurate portrayal of our new mail-order way of life, which Amazon has spent the past twenty-two years creating.

Eventually, governments all over the world will have to ask themselves the question: how big and powerful will we let corporations become? The more powerful they get, and the bigger and bigger the role of money in Washington DC and Brussels, the more I believe we have already reached the point where it's time to start breaking up some of the most powerful corporations - like the oil giants, like Apple, like Google, like Amazon, and so on.

These companies play such a huge role in the core foundations and functioning of our societies, that we have to start taking steps to break them up. We've done it before, and we need to start thinking about doing it again.

Corporations exist to serve society - not the other way around. If, due to their sheer size and power, they become a liability, they have outlived their usefulness.

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Governments are far bigger
by jonsmirl on Tue 27th Jun 2017 19:16 UTC
Member since:

Apple's world revenues -- $40B
US government revenues - $6560B

World wide Apple is 0.5% the size of the US government.

That is comparing revenues. If you compare government revenue to corporate profits (governments do not have Cost of Goods Sold) the ratio is over 1000 to 1.

Edited 2017-06-27 19:19 UTC

Reply Score: 3

RE: Governments are far bigger
by judgen on Tue 27th Jun 2017 20:28 in reply to "Governments are far bigger"
judgen Member since:

And the mafia in eastern US outranks Apple by billions upon billions. What was your point? Comparing compulsory business models with free ones is neither fair nor ingenuous. You can not NOT pay the government or the mafia, or they WILL hurt you. Apple does no such thing (that i am aware of) if you do not buy their products.

Reply Parent Score: 3

leech Member since:

Quiet, you don't want to give Apple ideas.

Reply Parent Score: 3

RE: Governments are far bigger
by Treza on Tue 27th Jun 2017 20:46 in reply to "Governments are far bigger"
Treza Member since:

I don't understand what you are arguing about, and your figures are wrong.

$40B is Apple's net income, while the US government runs a deficit.

The sum of all taxes is used to pay salaries and to deliver goods (a road is a good.) and services (police, weather forecast, gazillions things ...), often paying private companies to produce this good or service.

Apple's total revenue is around 200B, Walmart is around 500B. Only one order of magnitude lower than the US gov. (states + federal).

Reply Parent Score: 4

bryanv Member since:

LOL. Roads.

We spend way more every year delivering bombs to citizens of other sovereign territories than we spend on education and roads for our own citizens in our own territory.

LOL. Roads.

Reply Parent Score: 2