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How US megacorps now outvalue entire national stock markets

A handful of US giants now hold more value than most countries’ stock markets. What does this mean for the future of capitalism and policy?

This is a paper. On this something is written.
This is a paper. On this something is written.

How US megacorps now outvalue entire national stock markets

The debate over economic systems has intensified as recent data highlights the strength of free market capitalism. Major US companies now rival entire national stock markets, while policy shifts in some states have led to population declines and financial struggles. Meanwhile, experts argue that reducing government intervention could unlock even greater growth.

The scale of America’s top firms has become undeniable. Nvidia and Microsoft each hold a market value larger than any national stock market except Japan’s. Apple’s worth now matches China’s entire equity market. These figures underscore the power of private enterprise in driving economic expansion.

The economic divide between high-regulation and free-market states is becoming clearer. As major corporations outpace national stock markets, the push for deregulation and private-sector growth gains momentum. The outcome of this debate will shape policies—and prosperity—for years to come.

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