Domination of big business

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The Dominance Of Big Corporations Is Bad For Workers, Too

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Domination by the Corporation

During the late nineteenth century, large corporations that employed thousands of workers formed. These companies became known as Big Businesses. Before the American Civil War, the United States was in its infancy when it came to industrialization. The vast majority of Americans earned their living in agriculture.
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Study: big corporations dominate list of world's top economic entities

Talk of radical economic transformation in South Africa requires a second look if it is to deliver the goods. But the idea is missing a critical element — policies to break up historical monopolies and oligopolies and make space for emerging small to medium sized economic players. To fix this, the country needs to make micro-economic policy adjustments: it must remove distortions and imbalances in various sectors of the economy. The political winds of change blowing through the country, as represented by the ascension of Cyril Ramaphosa to the presidency, offer a window to address the current policy gaps. There is no doubt that the South African economy requires radical transformation.
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A study by the anti-poverty charity Global Justice Now found that the number of businesses in the top economic entities jumped to 69 in from 63 in the previous year. The London-based campaign group said the 10 biggest corporations — including Walmart , Apple and Shell — make more money than most countries in the world combined. The charity blamed governments for bowing to pressure from multinational firms to promote business-friendly tax regimes above the needs of their citizens.
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