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by root_axis 2071 days ago
> The biggest and most powerful corporations in the world right now are tech companies,

Not even close to true. JP Morgan, ExxonMobil, Citi, Chevron, ATT, Comcast,, Walmart, GE, GM, Berkshire Hatahway, Pfizer, Johnson & Jhonson... I could go on. Yes, Apple, MS, FB, Google are huge tech companies, but they are not the most common and not by any means "the most powerful".
3 comments
amadeuspagel 2071 days ago
The most clear and objective way to compare corporations is market capitalization, and the seven corporations with the biggest market cap in the world are all tech companies.[1]

How powerful a company is a bit harder to judge, but if anything tech companies punch above their weight when it comes to political power. Johnson & Johnson has ten times the market cap of twitter, but much less political power.

[1]: https://en.wikipedia.org/wiki/List_of_public_corporations_by...

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read_if_gay_ 2071 days ago
The difference is none of the companies you listed have the same amount of control over the internet. SV giants are the new gatekeepers of information.
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userbinator 2071 days ago
Exactly. Those companies are more of a "you buy things from them" than the "your knowledge and view of the world is filtered through it" of Google. Google yields tremendous power over people just by what results it shows them when they search for things.
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mike00632 2071 days ago
But a better alternative to measure power could be lobbying efforts and spending, which the tech companies are lagging in.
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nostromo 2071 days ago
... do you actually believe that?

AT&T is more powerful than Google?

Johnson & Johnson is more powerful than Apple?

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