Common Dreams - Today, of the 100 wealthiest economic entities in the world, 69 are now corporations and only 31 countries," wrote Global Justice Now campaigns and policy officer Aisha Dodwell. "This is up from 63 to 37 a year ago. At this rate, within a generation we will be living in a world entirely dominated by giant corporations."
Indeed, multinational behemoths Shell, Apple, and Walmart each rake in more revenue than the world's 180 "poorest" countries—a list that includes Ireland, Greece, Israel, South Africa, Vietnam, and Colombia—combined.
And the top ten largest companies have a whopping combined value of $2.9 trillion, which is larger than China's economy.
Walmart, the biggest corporate entity in the world, is valued at over $482 billion, which makes it wealthier than Spain, Australia, and the Netherlands, individually.
While they privatize everything from education and health to border controls and prisons, they stash their profits away in secret offshore accounts. And while they have unrivaled access to decision makers they avoid democratic processes by setting up secret courts enabling them to bypass all judicial systems applicable to people. Meanwhile their raison d'etre of perpetual growth in a finite world is causing environmental destruction and driving climate change.