Economy 52,931 Posted June 3, 2020 Share Posted June 3, 2020 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 Link to post Share on other sites More sharing options...
Guest Posted June 3, 2020 Share Posted June 3, 2020 It's time for me to start a bank Link to post Share on other sites More sharing options...
Bt1 5,213 Posted June 3, 2020 Share Posted June 3, 2020 Interesting. China has the most from the top 10 already. Link to post Share on other sites More sharing options...
Economy 52,931 Posted June 3, 2020 Author Share Posted June 3, 2020 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% Link to post Share on other sites More sharing options...
Economy 52,931 Posted June 3, 2020 Author Share Posted June 3, 2020 1 minute ago, Florin said: Interesting. China has the most from the top 10 already. Considering they have so many State Owned monopolies Link to post Share on other sites More sharing options...
BlackCrown 1,794 Posted June 3, 2020 Share Posted June 3, 2020 Shouldn't banks be non-profitable companies ? Am I being too naive ? My crown is black, like the soul of fame Link to post Share on other sites More sharing options...
Nino 12 Posted June 3, 2020 Share Posted June 3, 2020 US winning with its non-corrupt, non-government backed placements The rest of the entire list can't relate Link to post Share on other sites More sharing options...
Economy 52,931 Posted June 3, 2020 Author Share Posted June 3, 2020 13 minutes ago, BlackCrown said: Shouldn't banks be non-profitable companies ? Am I being too naive ? Is that sarcasm or are you serious? Link to post Share on other sites More sharing options...
Economy 52,931 Posted June 3, 2020 Author Share Posted June 3, 2020 13 minutes ago, Nino said: US winning with its non-corrupt, non-government backed placements The rest of the entire list can't relate Link to post Share on other sites More sharing options...
Nino 12 Posted June 3, 2020 Share Posted June 3, 2020 2 minutes ago, Economy said: I meant corrupt as in given an unfair advantage by the government over competitors. Link to post Share on other sites More sharing options...
Economy 52,931 Posted June 3, 2020 Author Share Posted June 3, 2020 Just now, Nino said: I meant corrupt as in given an unfair advantage by the government over competitors. 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 Link to post Share on other sites More sharing options...
Nino 12 Posted June 3, 2020 Share Posted June 3, 2020 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 Theres no such thing as corruption-free capitalism. Everybody knows its an exploitational race to the bottom. Link to post Share on other sites More sharing options...
Archduchess 2 Posted June 3, 2020 Share Posted June 3, 2020 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 Link to post Share on other sites More sharing options...
Economy 52,931 Posted June 3, 2020 Author Share Posted June 3, 2020 Just now, Nino said: Theres no such thing as corruption-free capitalism. Everybody knows its an exploitational race to the bottom. 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 Link to post Share on other sites More sharing options...
Twitter 14 Posted June 3, 2020 Share Posted June 3, 2020 When will @Twitter @Starbucks Link to post Share on other sites More sharing options...
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