> from a corporation with more spare, unrestricted capital than many countries
... than most countries. There are only 7 countries with a higher GDP than Apple's market cap.
I have been concerned for some time about these mega corporations being as powerful if not more powerful than governments. They wield tremendous economic and political power. Corporations have very little allegiance to countries and have little to check them. It is a major concern of mine. Democracy in the U.S. is already being sold to the highest bidders.
These corporations are feudal lords but much, much more powerful because there is not a single person who can be brought down. Corporations are a collective who are treated as people when it's convenient and as something else when it's not.
It's bothersome to me, because these corporations are tax sinks. They get absolutely massive tax breaks on everything they do and pay as little as possible income taxes, comparatively speaking, all the while keeping billions offshore.
Billionaires and mega-corporations are national security threats to the countries that house them.
Pick whatever comparison you'd like, and the rest of my comment still stands. What you said may be true, although I'm not sure it's as simple as you state. But debating the semantics of the exact comparison used isn't really important to the sentiment I espoused.
... than most countries. There are only 7 countries with a higher GDP than Apple's market cap.
I have been concerned for some time about these mega corporations being as powerful if not more powerful than governments. They wield tremendous economic and political power. Corporations have very little allegiance to countries and have little to check them. It is a major concern of mine. Democracy in the U.S. is already being sold to the highest bidders.
These corporations are feudal lords but much, much more powerful because there is not a single person who can be brought down. Corporations are a collective who are treated as people when it's convenient and as something else when it's not.
It's bothersome to me, because these corporations are tax sinks. They get absolutely massive tax breaks on everything they do and pay as little as possible income taxes, comparatively speaking, all the while keeping billions offshore.
Billionaires and mega-corporations are national security threats to the countries that house them.