Comments on: Verizon datapoints of the day A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: Boyardee Thu, 12 Sep 2013 18:53:43 +0000 Kaleberg,

Verizon has been trying to stick it to customers by raising prices and by eliminating unlimited data. On September 25th, my wife’s contract with Verizon termanates (after 7 years with the company). On September 26th (or soon after), she will switch to a new carrier.

By: TimWorstall Thu, 12 Sep 2013 07:17:10 +0000 One eyed man has it.

GDP is not a measure of revenue, it is one of value added. The corporate measure of value add is profits plus wages plus interest, as the man says.

By which measure Verizon might well be comparable to Luxembourg. But then that would be no great surprise. We’ve got roughly 200,000 rich world people and the value they add at work in each example (400,000 people in Lux, half don’t work, kids, old, stay at homes etc).

200,000 rich world people add about the same value as 200,000 rich world people. It’s not a great surprise.

By: Kaleberg Thu, 12 Sep 2013 03:44:23 +0000 Verizon’s prospects are better than Greece’s because Verizon can stick its customers with higher rates, but Greece can’t raise taxes or improve tax enforcement. Hell, Greece can’t even stimulate its economy. It is expected to shrink it.

Maybe Greece should incorporate and set up a proper monopoly.

By: OneEyedMan Wed, 11 Sep 2013 23:37:33 +0000 “If you want to compare Verizon to a country, you should be looking at Verizon’s revenues — which are in the $115 billion range — rather than its borrowings.”

I think that’s still wrong or at least still inaccurate. GDP is a value added concept while revenue is not. When America imports rubber and cotton and makes sneakers, GDP only counts the price the sneakers sell at less the price of the imported rubber and cotton. Verizon’s revenues are more analogous to the sale price of the sneakers. What we want is Verizon’s net income plus the salary bill and the interest expense. That’s analogous to how GDP = GNI, and how GNI consists of income from capital and labor.