American Corporations
Aggregate market price ranking of US companies in these 30 years is as below.
1982
1 IBM
2 ATT
3 Exxon
4 GE
5 GM
6 Eastman Kodak
7 Schlumberger
8 Standard Oil of Indiana
9 Shell Oil
10 Standard Oil Company of California
1992
1 Exxon
2 Walmart
3 GE
4 Phillip Morris
5 ATT
6 Coca Cola
7 Merck
8 Royal Dutch
9 P and G
10 Bristol-Myers
2002
1 Microsoft
2 GE
3 Exxon
4 Walmart
5 Pfizer
6 Citigroup
7 J and J
8 AIG
9 IBM
10 Merck
2012
1 Apple
2 Exxon
3 Microsoft
4 GE
5 IBM
6 Chevron
7 J and J
8 ATT
9 P and G
10 Pfizer
The underlying philosophy of prosperity of these businesses is that "market controls society and economy." And "in market there are businesses." But what "governs businesses is capital." Accordingly laws and political systems must be in favor of capitalists. Put simply, the Government must serve big enterprises and wealthy people.
Of course only 1% of Americans would respect this philosophy. But can they effectively argue down those rich and very rich people who lavishly live on capitalism?
On the Rise of American Anti-Capitalism
Posted by Carson on Jun 8, 2013
A recent popular article by Don Fitz from Washington University embodies this approach to capitalism. In the post, titled “Inside the Psychology of the 1%,” Fitz says some of the following about capitalism:
.....
About 40% of Americans say they do not have a positive view of capitalism, according to Gallup, up from about 20% in 2002. Anti-capitalist sentiment has clearly been growing, fueled largely by resentment over gross inequality. Growing inequality should indeed concern us deeply in today’s America, but there are no answers to be found in these straw-man arguments against the free market.
It is also true that materialism is commonplace in the United States, but it is by no means unique to western or capitalist countries. In fact, one study found that Turkey was more materialistic than the United States, with three other European countries trailing closely behind. Another study found communist-leaning China to be significantly more materialistic than the United States. Obsession with accumulating objects is largely a human failing – one likely rooted in pre-historic conditions where basic survival resources were scarce and required constant collection.
Whether by dishonesty or foolishness, anti-capitalist activists have located a a problem – materialism – and blamed it on capitalism without further research or evidence. They have already decided that capitalism is what’s wrong with our society and ignored anything that might tell them otherwise, confirming their own biases without considering the issue fairly. Much like materialism, this confirmation bias is a widespread human condition that is often detrimental to our happiness.
We can accomplish much together in the fight against materialism and consumptionism, but only if we can advance past the false dichotomies and broad-stroke arguments put forth by leading anti-capitalists and their ultra-conservative counterparts.However one thing sure is that capitalism and the market economy are subject to technology which produces wealth, no matter wealth is from agriculture, modern manufacturing plants, or the software domain. From Apple to Pfizer, thriving companies possess and rely on great bases of technology and science. From Apple to Pfizer, thriving companies need, employ, and keep talented engineers and scientists but not actresses, actors, singers, painters, sportsmen, etc.
http://www.rationalromantics.org/american-anti-capitalism-rising/
So, principles and philosophies which are essential factors for development of science and technology can check capitalism. For example, if everybody concerned agrees that the quest of scientific truth requires faith in the God who hates rich men, no capitalism can stand long.
In this line, we should think that capitalism is wrong simply because scientists are not good Christians. Indeed, if all the talented scientists and engineers start to protest again irresponsible corporate executives, mean investors, or foolish owners of businesses, capitalism should change.
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Act 10:9 On the morrow, as they went on their journey, and drew nigh unto the city, Peter went up upon the housetop to pray about the sixth hour:
Act 10:10 And he became very hungry, and would have eaten: but while they made ready, he fell into a trance,
Act 10:11 And saw heaven opened, and a certain vessel descending upon him, as it had been a great sheet knit at the four corners, and let down to the earth:
Act 10:12 Wherein were all manner of fourfooted beasts of the earth, and wild beasts, and creeping things, and fowls of the air.
Act 10:13 And there came a voice to him, Rise, Peter; kill, and eat.