Just to nitpick, the largest most successful US based company isn’t in California. It is in Texas, and it is one of those dirty old business with the original partner firm being founded back in the 1890s and being responsible for hundred years worth of economic growth, the creation of our frieght and eventually, a major cause of our anti-trust system. It is Exxon Mobil. The progeny of Rockfeller’s Standard Oil and Mobil.
Mobil of course was Vaccuum Sacony Oil, which was one of the 34 child companies of Standard Oil when it was broken up.
Global #2 is actually a neck and neck race. The company you site only climbs there on it’s recent stock surge, otherwise, the #2 is Petrol China.
That’s market cap measure.
By employment measure, that company you speak of is a true peon.
But, let’s acknowledge they are successful inspite of nearly bankrupting in the 90s and needing a bailout from Bill Gates because he was afraid of the impact of their going out of business on his company and it being broken up as a monopoly.
Given they are successful, why do they do their manufacturing elsewhere?
As for Uncle Sugar, Uncle Sugar has created many businesses. Most countries employ some versus of uncle sugar. AB32 is not an Uncle Sugar program. AB32 doesn’t pump money into Green to make Green competitive, AB32 penalizes everything else so Green can compete.
