Defining America by Its Most Profitable Industries

America is defined by its most profitable companies. The most profitable companies' represent American's economic needs and culture. These industries serve a need in society and therefore earn excellent rewards for providing these needs. Society yearns for their products and drives these companies into mega corporations that become America's cultural ambassadors to the world.

The top 20 most profitable Fortune 500 companies indicate that oil manufacturers, financial services, high-tech equipment, discount department stores, and pharmaceutical companies are making huge profits. These huge profits are a direct result of the problems and difficulties the country is currently facing and will be facing.

People and businesses purchase what they need and an industry that is rising in profits and prosperity indicate that the country is relying on these products. For example, if the country has an aging population economists will find that industries related to an aging population will grow.

Oil Manufacturers: Oil has become a precious commodity for countries. The United States, China and Europe are all seeking more reliable and cheaper sources of oil. Since the U.S. feels that they will lose the oil game due to global resentment, declining influence and proximity the country has moved full speed into developing alternative sources.

Financial Services: The economy is fueled in part by growing debt. Many Americans have greater debt worth than people in other countries. Americans save on average -1% of their income and beginning to show signs of maxing out. Default rates on mortgages, declining credit worthiness and the inability to borrow more debt are having its effects.

High-Tech Industries: Other countries still have a need for America's high-tech equipment that isn't easily produced in other countries. This demand for high-tech equipment is also indicating a shift in the demands of the workforce where education and skills will become more important than simply bodies.

Discount Department Stores: Since America still has low employment rates but declining income discount stores highlight the need for cheaper products. Companies like Wal-Mart fill a void for people who desire to purchase quantity over quality of products. They cater to America's consumer culture and declining wages.

Pharmaceutical Companies: America is aging and the preferred method of helping sick people is to medicate them. The profitability of the pharmaceutical industry also smacks of the need for universal healthcare and moderated prices. The cost of drugs is rising and America's politicians have become dependent on drug money.