I want to make a clarification here before we all get too far ahead with “16% of GDP”. There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its’ share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA’s output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia’s output or revenue for current fiscal year is ~ $200 billion. That’s 0.6% of the GDP. That’s far cry from 16%, by about 27 times less.
What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.
I want to make a clarification here before we all get too far ahead with “16% of GDP”. There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its’ share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA’s output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia’s output or revenue for current fiscal year is ~ $200 billion. That’s 0.6% of the GDP. That’s far cry from 16%, by about 27 times less.
What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.