Thriving Megafirms Have Governments Worried

The video discusses the significant profits of the top 50 global firms, highlighting their impact on the global economy. It notes the rise of Chinese and tech companies within this group over the past 30 years. Mega firms are changing economic dynamics by hiring fewer workers and investing in cloud capacity rather than physical factories. They also benefit from lower tax rates. Regulatory efforts by the US and China aim to control these firms, and historical trends show frequent changes in the top 50 companies.

What was the profit of the top 50 companies last year?

What significant changes have mega firms made in terms of hiring and investment?

How has the median tax rate for the world's biggest companies changed from 1990 to now?

What do President Biden's corporate tax plans and China's regulatory crackdown suggest about the future of mega firms?

What does history indicate about the stability of the top 50 companies over the last three decades?