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by luckylion
1202 days ago
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Yeah, but it compares companies from a state/economic zone of 300m or 450m people to a state of 4m people. 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. |
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Metaphors are useful but they can also just confuse the issue through unnecessary abstraction. The fundamental question is already there at the surface: it’s not about market capitalization or about gdp, but about the power that size in either metric represents. That’s the characteristic binding these two dissimilar ideas together.