Of the world's 100 largest economies, 51 are now global corporations, rather than countries

• Of the world's 100 largest economic entities, 51 are now corporations and 49 are countries. (see chart)
• The world's top 200 corporations account for over a quarter of economic activity on the globe while employing less than one percent of its workforce. (source)
• The richest 1 percent of Americans own 40 percent of the nation's household wealth (as of 1997). (source)
• The assets of the world's 358 billionaires exceed the combined annual incomes of countries with 45 percent of the world's people. (source)
• The average CEO in the U.S. made 42 times the average workers pay in 1980, 85 times in 1990 and 531 times in 2000. (source)
• The courts have given corporations the basic Constitutional rights of persons, but workers lose those rights on entering the workplace.
• The corporate share of taxes paid has fallen from 33 percent in the 1940's to 15 percent in the 1990's. Individuals' share of taxes has risen from 44 to 73 percent.
• The World Trade Organization effectively gives corporations veto power over our U.S. environmental and labor laws, weakening your right to protect ourselves and our land by our legislation.

This is How the System Works

These facts give lot of insight into the state of Global Economic Scenario..