The largest global corporations

Reference no: EM13210410

Three hundred of the largest global corporations hold about 25% of the world’s productive assets, while in the U.S., revenues of the top 500 corporations equal about 60% of the annual GDP. Some would call this concentrated control of production and commerce by large corporations almost democratic, compared to present-day concentration of personal wealth. The net worth of the top 1% of individual Americans now equals the net worth of the bottom 95%. Does the high degree of effective control of the world economy by 'the corporate tribe,' along with the extreme concentration of personal wealth in the United States in the hands of the same individuals who control the largest corporations, mean that the Sherman Anti-Trust Act and the Clayton Act have been failures? The answer only needs to be 120 words or less.

Reference no: EM13210410

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