We are not yet in the world of “Jonathan E”, where the world and the Rollerball teams are run by global sector monopolies (Transport, Food, Communications, Housing, Luxury, and Energy).
However, today, the revenues of the world’s biggest corporations (and the major banks who hold their stock) are larger than many national economies.
Seven of the top 10 are oil and gas companies. Royal Dutch Shell has revenues higher than all but 25 of the world’s largest national economies. Exxon Mobil, SinoPec and BP are individually larger than all but the top 29 nations.
Five of the top 25 corporations are automotive groups: Toyota, Volkswagen, GM, Daimler and Ford.
The annual revenue of Warren Buffet’s investment firm Berkshire Hathaway, is greater than the GDP of most of the world’s nations. Could these companies be managed more efficiently than some countries?