American Consequences - August 2017

From Editor in Chief P.J. O’Rourke

LETTER FROM THE EDITOR

THE NEW MUTANT CAPITALISM

THIRTY YEARS AGO, ITWAS SIMPLE... Now, it's as if somebody took corporations and exposed them to atomic bomb test radiation.

12 Largest Publicly Traded U.S. Corporations by Market Capitalization 2017 1987 1 Apple General Motors 2 Alphabet (Google) Exxon 3 Microsoft Ford 4 Amazon IBM 5 Facebook Mobil 6 Berkshire Hathaway General Electric 7 Johnson & Johnson AT&T 8 ExxonMobil Texaco 9 JPMorgan Chase DuPont 10 Wells Fargo ChevronTexaco 11 Bank of America Chrysler 12 General Electric Altria (Philip Morris)

Something strange has happened to capitalism. Something weird, horrible, and freakish. If you don't knowwhat I'm talking about, look at the biggest companies in America:

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6 | August 2017

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