Financial institutions now hold 70% of the value of shares on America’s stock exchanges econ.st/1LKf1vh https://t.co/tYn1cTO6Ug—
The Economist (@TheEconomist) October 26, 2015
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.
Utopia, you are standing in it! 
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