Celebrating humanity's flourishing through the spread of capitalism and the rule of law
18 Mar 2015 1 Comment
in financial economics Tags: pension fund socialism
If ‘socialism’ is defined as ‘ownership of the means of production by the workers’ — and this is both the orthodox and the only rigorous definition — then the United States is the first truly ‘Socialist’ country (Peter Drucker, 1976, p. 1).
Figure 1. Evolution of aggregate stock ownership
Figure 2. Stock ownership of US mutual funds and pension funds
HT: via How tax policy drives the structure of stock ownership | VOX, CEPR’s Policy Portal.
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Oct 26, 2015 @ 18:44:01
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