Most People Don't Realize Just HOW Concentrated The Economy Has Become | How Money Works
How Money Works
Intro
This chapter examines the troubling concentration of wealth in the U.S. economy, emphasizing the control exerted by a small elite over essential resources. It also explores the implications of this disparity for everyday citizens.
Most People Don't Realize Just HOW Concentrated The Economy Has Become
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This might come as a shock to you, but big companies are getting bigger, rich people are getting richer and vital resources like housing, business equity, food and even water are now owned by a smaller share of people than ever beforeā¦
Groundbreaking journalism I know, but what most people donāt realize is just HOW concentrated this has really becomeā¦
Private Equity now controls as much as 20% of the entire US economy, top index funds now own 20 - 30% of all major companies listed in America, and even good old fashioned fraud is getting bigger and more concentratedā¦
And who can blame them? Economies of scale have encouraged businessesā¦ to scaleā¦ markets, responded to Too Big To Fail by becoming Too Big To Failā¦ but what does this actually mean for regular people?
There is the āmOraLā argument that so many resources being controlled by such a small few isā¦ you knowā¦ unfairā¦ but letās be honest, youāve already made up your mind on that and no YouTube video is going to change it one way or anotherā¦
Instead what ACTUALLY matters here is how much farther can this goā¦ and what happens to markets when these people have nobody left to sell toā¦ but themselves?
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