Dean , I have an observation to make here :
You see, if one looks at the largest corporations in the world by revenue (turnover) , I am NOT talking of market capitalisation here , but sheer revenue generated on a year to year basis , they are all based on "artificially defined controls" upon some natural resource - oil & gas for instance , or telecom spectrum etc.
It is a sad commentary on our society that the largest corporations in the world are not the ones that intrinsically created value for society out of something that did not exist before , that solved a big problem faced by people . Rather , invariably the largest Corporations are based on a monopoly or control over some kind of natural resource , that was not made available/accessible to others (therefore not a level playing field) .
**By the way , this even extends to valuation of currencies of nations . Some currencies are artificially inflated way beyond their "real world" actual value , due to historical reasons , whereas some others are deflated to well below their actual worth . This is called "financial jugglery"
In all major economies , oil & gas companies are usually the biggest corporations , followed by mining conglomerates (either state owned or private) - basically founded on some kind of monopoly , created "artificially" , by the way the rules of the game have been defined by respective governments .
Regards
You see, if one looks at the largest corporations in the world by revenue (turnover) , I am NOT talking of market capitalisation here , but sheer revenue generated on a year to year basis , they are all based on "artificially defined controls" upon some natural resource - oil & gas for instance , or telecom spectrum etc.
It is a sad commentary on our society that the largest corporations in the world are not the ones that intrinsically created value for society out of something that did not exist before , that solved a big problem faced by people . Rather , invariably the largest Corporations are based on a monopoly or control over some kind of natural resource , that was not made available/accessible to others (therefore not a level playing field) .
**By the way , this even extends to valuation of currencies of nations . Some currencies are artificially inflated way beyond their "real world" actual value , due to historical reasons , whereas some others are deflated to well below their actual worth . This is called "financial jugglery"
In all major economies , oil & gas companies are usually the biggest corporations , followed by mining conglomerates (either state owned or private) - basically founded on some kind of monopoly , created "artificially" , by the way the rules of the game have been defined by respective governments .
Regards
deandddd wrote:
Sidhartha,
Yes, I hope that the congress can block him.
Dean