Late Stage #Capitalism Is Weird Capitalism
source: https://marker.medium.com/late-stage-capitalism-is-weird-capitalism-64a72040dcc7
When three index managers plan the economy on behalf of the 50% who own any shares (or, more realistically, on the 10% who own 86% of the #shares), they leave the rest of us in the cold. Braun suggests that the Big Three “should be expected to push the #economy towards the lowest sustainable #labor share.” And yeah, the rise of #wage #stagnation tracks the growth of index funds.
