Bigger and badder corporations

| Fri Dec. 8, 2000 4:00 AM EST

Globe-spanning corporations may have taken a big public-relations hit in the streets of Seattle and other cities over the past year, but it sure doesn't seem to have slowed them down any.

Recent Must Reads

12/7 - Talking ourselves out of conservation

12/6 - Tennessee's death row cam

12/5 - Racial profiling goes global

12/2 - Stock options for the poor

According to a new report from THE INSTITUTE FOR POLICY STUDIES, 51 of the world's 100 largest economic entities are now corporations, not countries. Moreover, the world's top 200 corporations account for over a quarter of the planet's economic activity -- but employ less than one percent of its workforce.

Advertise on MotherJones.com

Where does all that money go? Not back to the rest of us, anyway. Forty-four of the US corporations on the list paid less than the full standard 35 percent federal corporate tax rate between 1996 and 1998 -- and seven of them paid no federal taxes at all.

Get Mother Jones by Email - Free. Like what you're reading? Get the best of MoJo three times a week.