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Showing posts with the label scale of business

Globalism and Billionaires

An interesting twist on globalism.    The suggestion is globalism is responsible for the rise of the super-wealthy billionaires. Look at the leaders of such global companies such as Alibaba, Amazon, Facebook, Bloomberg, Huawei, Microsoft, Alphabet (Google), and more.  All are operated or controlled by billionaires who have super-vast fortunes only because they are global. Nationalism, which reduces the globalist reach, also has billionaires, but much smaller in scale. When you can market your stuff worldwide, you have multiples of normal profit.