10 Biggest Corporations Make More Money Than Most Countries in the World Combined
10 Biggest Corporations Make More Money Than Most Countries in the World Combined
By Global Justice Now / globaljustice.org.uk
Oct 10, 2016

Corporations have increased their wealth vis-à-vis countries according to new figures released by Global Justice Now. The campaign group found that 69 of the world’s top economic entities are corporations rather than countries in 2015*. They also discovered that the world’s top 10 corporations – a list that includes Walmart, Shell and Apple – have a combined revenue of more than the 180 ‘poorest’ countries combined in the list which include Ireland, Indonesia, Israel, Colombia, Greece, South Africa, Iraq and Vietnam.    

The figures are worse than last year, when 63 of the top economic entities were corporations. When looking at the top 200 economic entities, the figures are even more extreme, with 153 being corporations.

Global Justice Now released the figures in order to increase pressure on the British government ahead of a UN working group, led by Ecuador, established to draw up a binding treaty to ensure transnational corporations abide by the full range of human rights responsibilities. Campaigners are calling for the treaty to be legally enforceable at a national and global level. Britain doesn’t support the process, and has repeatedly vetoed and opposed such proposal in the past.    

Nick Dearden, director of Global Justice Now, said:

“The vast wealth and power of corporations is at the heart of so many of the world’s problems – like inequality and climate change. The drive for short-term profits today seems to trump basic human rights for millions of people on the planet. These figures show the problem is getting worse.

“The UK government has facilitated this rise in corporate power – through tax structures, trade deals and even aid programmes that help big business. Their wholehearted support for the US-EU trade deal TTIP, is just the latest example of government help to big business. Disgracefully it also routinely opposes the call of developing countries to hold corporations to account for their human rights impacts at the UN. That’s why today we’re joining campaigns from across the world to tell the British government to stop blocking this international demand for justice.”

>>> Check out the full list comparing the revenues of countries and corporations <<<

* These figures have been taken from a direct comparison of the annual revenue of corporations and the annual revenue of countries. Sources: CIA World Factbook 2015 and Fortune Global 500.

0.0 ·
0
Trending Today
The Top 100 Documentaries We Can Use to Change the World
Films For Action7,692 views today ·
10 Films That Make It Easy to See How Our Economy Is Killing the Planet
Tim Hjersted6,709 views today ·
Aid in Reverse: How Poor Countries Develop Rich Countries
Jason Hickel6,484 views today ·
The Top 100 Documentaries Inspiring the Shift to a Sustainable Paradigm (2012 Edition)
Films For Action3,410 views today ·
Get Out of the Materialism Trap NOW
10 min3,149 views today ·
The Impossible Hamster
1 min3,051 views today ·
Tomorrow: Take Concrete Steps To A Sustainable Future
2 min2,304 views today ·
Kyle Cease: The World's Problems Are My Fault
3 min876 views today ·
50 Eco-Conscious Documentaries to Celebrate Earth Day (That You Can Watch Online)
Films For Action802 views today ·
Load More
What's Next
"The World Is My Country" Shows Origin of Yasiin Bey's World Passport
8 min
How The World Bank Helps Global Corporations Rob The World
2 min
The Next 10 Years Will Be Very Unlike the Last 10 Years
5 min
Like us on Facebook?
10 Biggest Corporations Make More Money Than Most Countries in the World Combined