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economy

World's 10 Most Profitable Companies

Economy

https://www.investopedia.com/the-world-s-10-most-profitable-companies-4694526

 

In Total numbers not by margins:

 

1. Saudi Aramco - $110.9 billion

2. Apple - $59.5 billion

3. Industrial & Commercial Bank of China - $45 billion

4. Samsung Electronics - $39.8 billion

5. China Construction Bank - $38.4 billion

6. JPMorgan Chase & Co. - $32.4 billion

7. Alphabet - $30.7 billion

8. Agricultural Bank of China - $30.6 billion

9. Bank of America Corp. - $28.1 billion

10. Bank of China - $27.2 billion

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KanyeWest

It's time for me to start a bank

Kanye West Is Blonde And Gone
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Florin

Interesting. China has the most from the top 10 already. :selena:

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Economy
1 minute ago, KanyeWest said:

It's time for me to start a bank

Here in Canada our most profitable Corporations are also the banks. Not just in total profits and size but margins too

 

Some Canadian Banks have had profit margins as high as 30% of revenue in some quarters which is about as high as Apple has also gotten

 

By comparison many other large Corporations struggle to get 5% :rip:

 

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Economy
1 minute ago, Florin said:

Interesting. China has the most from the top 10 already. :selena:

Considering they have so many State Owned monopolies :poot:

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BlackCrown

Shouldn't banks be non-profitable companies ? :poot:

Am I being too naive ? :selena:

My crown is black, like the soul of fame

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Nino

US winning with its non-corrupt, non-government backed placements :applause:

The rest of the entire list can't relate :legend: 

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Economy
13 minutes ago, BlackCrown said:

Shouldn't banks be non-profitable companies ? :poot:

Am I being too naive ? :selena:

Is that sarcasm or are you serious? :selena:

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Economy
13 minutes ago, Nino said:

US winning with its non-corrupt, non-government backed placements :applause:

The rest of the entire list can't relate :legend: 

:air:

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Nino
2 minutes ago, Economy said:

:air:

I meant corrupt as in given an unfair advantage by the government over competitors. :emma:

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Economy
Just now, Nino said:

I meant corrupt as in given an unfair advantage by the government over competitors. :emma:

Oh oh ok that's what you meant. Yeah makes sense

 

I thought u meant no corruption in general and I'm like... 

 

Asian & African slavery conditions, slowing our phones for us to replace them faster (I think it's obvious that was the real reason) etc they are definitely not saints :triggered: 

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Nino
12 minutes ago, Economy said:

Oh oh ok that's what you meant. Yeah makes sense

 

I thought u meant no corruption in general and I'm like... 

 

Asian & African slavery conditions, slowing our phones for us to replace them faster (I think it's obvious that was the real reason) etc they are definitely not saints :triggered: 

Theres no such thing as corruption-free capitalism. Everybody knows its an exploitational race to the bottom. :air: 

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Archduchess

You guys have ever stopped to think how stock market works?

it's like... I don't know, it is strange, what you really buying? Like, nothing, it's an abstraction

twin peaks GIF by Twin Peaks on Showtime

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Economy
Just now, Nino said:

Theres no such thing as corruption-free capitalism. Everybody knows its an exploitational race to the bottom. :air: 

Tbh. 

 

I think the ultimate accomplishment for a civilization would be to successfully pull off a communist system without the problems communism has had in every attempt. If a race can function with full equality like that they are truly mature and enlightened

 

Unfortunately humans are not mature enough to make communism work. The Government ends up with either corruption problems or they are incapable of managing resources as efficiently as the private sector (in most cases it's both issues combined)

 

There's also the issue that a good portion of humans are not selfless enough to make communism work. We'd need everyone to have the attitude of willingly working hard and going out of their way to do difficult tasks that nobody wants to do for the sake of the benefit of everyone in the community even if they don't personally get anything out of it. Communism would mean the good of the community first and me second... Not the me first attitude. "Me first" is why we have capitalism

 

Since most humans are not selfless enough and governments not competent enough a communist system can't be truly prosperous now... But it would be the ideal system if we were mature enough to handle it tbh

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Twitter

When will @Twitter @Starbucks:bradley:

American news and social networking service.
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