And the next one shows the punchline, namely where the US falls. Only Japan has a more globally concentrated ownership structure, a fact obscured by the local dispersion of American ownership.
You may now freak out with full empirical justification.
Tuesday, September 8, 2009
Now that's fucking interesting
Some crafty Swiss physicists have managed to measure just how accurate our paranoid conspiracy theories really are. It's a heavy duty paper, but the basic idea is that the local dispersion of control (how many different people own a stock) and the global concentration of control (what fraction of the stock market is controlled by what fraction of the populace) are independent variables. A couple of charts illustrate this admirably. This one shows the definition of the terms:
And the next one shows the punchline, namely where the US falls. Only Japan has a more globally concentrated ownership structure, a fact obscured by the local dispersion of American ownership.
You may now freak out with full empirical justification.
And the next one shows the punchline, namely where the US falls. Only Japan has a more globally concentrated ownership structure, a fact obscured by the local dispersion of American ownership.
You may now freak out with full empirical justification.
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