Bigger and badder corporations

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Globe-spanning corporations may have taken a big public-relations hit in the streets of Seattle and other cities over the past year, but it sure doesn’t seem to have slowed them down any.

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According to a new report from THE INSTITUTE FOR POLICY STUDIES, 51 of the world’s 100 largest economic entities are now corporations, not countries. Moreover, the world’s top 200 corporations account for over a quarter of the planet’s economic activity — but employ less than one percent of its workforce.

Where does all that money go? Not back to the rest of us, anyway. Forty-four of the US corporations on the list paid less than the full standard 35 percent federal corporate tax rate between 1996 and 1998 — and seven of them paid no federal taxes at all.

DEMOCRACY DOES NOT EXIST...

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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