Power, Business

Many observers believe that the modern transnational corporation is the most powerful institution in society today, eclipsing the power and resources of many governments. Some statistics uphold this point of view. One report published in 2014 indicated that when measured by company sales and country gross domestic product, 37 of the world’s 100 largest economies are not nations or governments but in fact corporations. Another study comparing nations and companies, conducted in 2011, found that of the top 175 global economic entities (including the United States and European Union considered as a whole), 87 are companies, and a third study in 2012 reported that 40 of the world’s largest 100 economic entities are corporations. However, some people argue that national economies and company revenues are ...