Thirty Corporations Earn 50% of All Profits of U.S. Public Companies

Just as there is a growing concentration of wealth and growing inequality in the population, there is a growing concentration of wealth in the corporate world.

Only 30 Corporations earn half the total profit of all U.S. companies.

“There were 4,819 public US companies in 1975. Forty years on, that number has fallen by more than a fifth, hitting 3,766 in 2015. This peculiar dwindling is but one of the dramatic changes in US public corporations described in a new study published in the Journal of Economic Perspectives.
How else, then, have they evolved? Increasingly, it seems, through survival of the biggest. Not only are there fewer public companies; those that remain are older—and dominated by an ever-shrinking number of ever-growing behemoths….

“Of course, the bigger and richer the market Goliaths get, the harder it is for the Davids of the US economy to lethally bean them—and the need for R&D to compete may have exacerbated this. Companies drowning in cash can easily afford patents and the investments to develop those. Or, as seems to be happening, to buy the company with the patent. If you can’t beat Goliath, join him.”

from novemoore http://ift.tt/2u0iuUK

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