Could someone please make a scatterplot of this data, with a curve fitted to it? I suspect there is a very important shape here that no one has seen before.https://twitter.com/JonErlichman/status/1095395031006040071 …
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The graphs are v. interesting. It's not quite clear what inflation-adjusted means, but I presume it means 50 billion at the cross-the-threshold date, in 2019 (or similar) dollars.
There are some notable omissions, esp. Standard Oil (which grew amazingly), only companies from the breakup.
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Yeah, I was thinking that too. Perhaps the Esso cos (as it were) should be considered as one.
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SO had earnings of 50 mill in 1900, about 1.5 bill today. Don't know revenue, but wouldn't be surprised if above 50 bill. Founded in 1870, I believe.
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Overall, this seems closely related to the surprisingly regular growth of GDP, and I wonder if there are models which can explain this graph essentially as a byproduct of the growth of GDP. Also seems related to the "innovation: slowing down, speeding up" question.
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Survivorship bias is definitely at play here.
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