Sonntag, 10. April 2011 21:52
I just came across a book with the promising title „Street-Fighting Mathematics — The Art of Educated Guessing and Opportunistic Problem Solving“ by Sanjoy Mahajan (2010), which is actually licensed under Creative Commons, so it can be found for free online. The basic premise is to provide some mathematical tools or heuristics to sufficiently approximate solutions to everyday problems (and maybe also provide a more general framework for that kind of reasoning). And it starts teasingly with a topic called „Dimensions“ and „The power of multinational corporations“. Here’s the problem:
In Nigeria, a relatively economically strong country, the GDP [gross domestic product] is $99 billion. The net worth of Exxon is $119 billion. “When multinationals have a net worth higher than the GDP of the country in which they operate, what kind of power relationship are we talking about?” asks Laura Morosini.
What is the most egregious fault in the comparison between Exxon and Nigeria?
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