Interesting video, but they guy makes some silly claims. Still the numbers aren't adding up, but my first observation is that it's just one set of numbers; and obviously that doesn't tell the story.
I'm sure all these companies are just lining up and slitting each other's throats so they can lose billions; we see that all the time in private industry.
Seriously, there's another side to the story.
There's scant little of what could be correctly termed "private industry" left in the United States. Most industries are in bed with government/banking to one extent or another, thus the capacity to generate revenue for the participants absent real profits. The general public takes up the slack with inflation and taxation.
