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The Economist | Big companies: A world turned upside down

The Economist

Big companies
A world turned upside down
Giant state-owned firms have fallen back out of fashion. Good

BACK in 1987 the rock band Bon Jovi was top of the pops and the world’s third-largest firm by value was Tokyo Electric Power (TEPCO), a utility in Japan few outside that country had heard of. Today Bon Jovi is still churning out number-one albums but TEPCO’s value has fallen by 90% and it is teetering on bankruptcy. It is now known around the world for the disaster at its nuclear power plant at Fukushima.

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