In this episode of
Money Creation Explained we are going to go cover How Large
Companies are Less then 1% of US total but it Seems like
They Have All the Power.
In the United States, a large company is classified as
having over 1 billion in revenue. These companies usually
employ 1,000s of employees and have ample capital and
resources to grow. They also usually have better economies
of scale, efficiently, and bargaining power with suppliers
and consumers. As a result of the size and market dominance,
they attract investors, workers, customers, suppliers,
creditors, and government support. They have the resources
to influence society with their advertising budgets, press
releases, profit and loss statements, their newest products,
lobbying and the like.
When large companies go public, Initial Public Offerings
(IPO’s) occur. A large percentage of their company is sold
off to the public. These shares are then bought up by many
entities who are both individuals and corporate investors.
Once a company has gone public, it is very hard to maintain
the original mission by its founders. There are many new
shareholders with voting rights, and the main reason to buy
shares in a company is to maximize return on investment. In
this attempt to satisfy shareholders, the company's main
concern will be to grow revenue at any cost and often at the
expense of the quality of the product or service.
Despite all this, small business accounts for over 99.9% of
all firms operating in the US and employs over 46% of the
entire workforce also. At the time of this video, there are
over 33 million small businesses in the US. Small businesses
also account for almost 45 percent of all economic activity
in the US, and produce 16 times more new patents per
employee then large firms do.
Despite providing their communities with a large number of
benefits, small businesses do not get the same government
support as large corporations. There are many tax breaks,
incentives, and government money offered to large
corporations that do not exist for small businesses.
Businesses always need capital to grow, expand, and increase
cash flow. IOU Notes offers alternative forms of loans and
credit to businesses to help them succeed.
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