Wal-Mart is Larger than Norway: Exposing the Myth of Capital Competition | NationofChange
If Wal-Mart were a country— according to a June, 2011 Report issued by Business Insider— its revenues would exceed the GDP Norway, the 25th largest economy in the world. In less than three minutes Business Insider debunks the mythology of free-market ideologues: Yahoo is bigger than Mongolia, Visa is bigger than Zimbabwe, Nike is bigger than Paraguay, McDonalds is bigger than Latvia, Amazon.com is bigger than Kenya, Apple is bigger than Ecuador, Ford is bigger than Morocco, Bank of America is bigger than Vietnam, General Electric is bigger than New Zealand, Chevron is bigger than the Czech Republic, and Exxon- Mobil is bigger than Thailand.
Today the richest 2% of adult individuals own more than half of global wealth, with the richest 1% accounting for 40% of total global assets. Although the gap in per capita income between the richest and poorest regions of the world fell from 15:1 to 13:1during the golden age of Keynesianism, it increased by 19:1 by 2002. And from 1970 to 2009 the per capita GDP of developing countries (excluding China) averaged a mere 6.3% of the per capita GDP of the G8 countries (the United States, Japan, Germany, France, the United Kingdom, Italy, Canada, and Russia).
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