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by fleetwoodsnack
1216 days ago
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The size of some companies can be taken for granted. Living in a western industrialized country with many large companies, it’s easy to lose a sense of scale. The comparison widens the lens and grounds business organizations within the context of other human organizations e.g. the state. The comparison is also a setup for the next paragraph: > One reason that’s significant: if many multinational companies actually were countries, they would be authoritarian dictatorships more ruthlessly efficient than any in existence. At many such companies, managers wield virtually unchecked power over subordinates and, thanks to modern technology, increasingly practice advanced techniques of monitoring and surveillance as well. |
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Sure, yeah, but that's like comparing a city of a 1million to one of 10k inhabitants and pointing at the much larger usage of construction material in absolute terms. Technically correct but ultimately useless.
If there's a company in the US that has a larger market cap than the US, that would make it more interesting. But even Apple is barely a tenth of it, and that's comparing the expected total future wealth of Apple to a year's worth of output of the US.
I'm not sure what comparing a year's amount of oranges to all future apples really tells us.