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by bemusedthrow75
1034 days ago
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But also the USA, probably. If you look past the tech bubble economies where the "new money" owners are, and into the world of physical assets, what you find is a constellation of families concentrating wealth, swirling around the central families of the 21st Century -- the Waltons, the Mars family, the Kochs, and so on down -- a power series of family wealth that has ordinary investors in the long tail. The USA is easily distracted by the vibrancy of the market-driven tech economy, and hoodwinked into ignoring the astonishing growth of private equity controlled by inherited wealth. |
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