Will there be a time when people depend on the stock market (pension, mortgage) so much that it becomes too big to fail?
The top 10% owns 87% of the stocks
461–470 of 606 posts
Re: The top 10% owns 87% of the stocks
#462Re: The top 10% owns 87% of the stocks
#463Earlier quoted context omitted.
Where are the stats for France? Asking genuinely
I dont have the exact stats under the hand but if you look in the CAC40. There is not a single innovative company founded independently in the last 40 years. All offshoots at best, at worst companies literally founded between 1890-1920, similar in Germany, Spain and Italy. It's kinda crazy ngl.
Indeed. However this is more reflective of a problem of private capital and attractivity of EU stock markets rather than the innovation horsepower.
Criteo, Datadog, Snowflake and the likes are European-based ventures but listed on the NASDAQ.
Re: The top 10% owns 87% of the stocks
#464Earlier quoted context omitted.
I think that's a very narrow and largely inaccurate view of revolutions. A lot of revolutions were carried out by people with very little resources - Mao led his army from under-developed hills, the October Revolution didn't have much of an industrial base either, nor did the left in the Spanish civil war (although the military eventually won, but hey, they had a fighting chance). And aside from that, many revolution…
Revolutions happen relatively peacefully only when a significant part of the armed forces changes sides or at least refuses to execute orders. With the transition from conscripted militaries to autonomous robotic weapons, there will be no more humans refusing to execute orders and no more traitors. A future revolution will succeed only against a grossly incompetent government.
Someone programs the robots. They can be a traitor. They can refuse, or put in a back door kill switch.
Re: The top 10% owns 87% of the stocks
#465Earlier quoted context omitted.
Where are the stats for France? Asking genuinely
France : top 10% own 60%, Bottom 50% own 5% USA : top 10% own 72%, Bottom 50% own 2% Sweden : top 10% own 60%, Bottom 50% own 5% Source : https://wid.world/country/france/
I don't find these numbers particularly indicative of a massive difference between the EU and the US.
Re: The top 10% owns 87% of the stocks
#466Earlier quoted context omitted.
It’s possibly a clear strategy (“flood the zone”) by some people to cause the conflict and confusion. I read recently a comment that in media “sex used to sell but now rage and outrage are more effective”. Start the fire and exploit the situation for their own benefit. So many people outraged but very few offering any context or insightful suggestions. Assisted by social media insane demand for controversy and disput…
I think it can be both, a strategy but also an emerging property of social media. In "In the Swarm" he talks exactly about the outrage-driven engagement when calling it out as "shitstorm": > "The shitstorm," writes Han, "represents an authentic phenomenon of digital communication." This phenomenon, he states, is also a cause for the lack of proper politicking in the era of digital communication, since everyone can pa…
Thanks for the links to the books, I'll definitely read them as they seem to perhaps describe the feeling I've been feeling. I think the whole MAGA movement was able to succeed because it was one of the only cohesive (ish) movements focused on ancient strategies of fear and hate.
Re: The top 10% owns 87% of the stocks
#467Earlier quoted context omitted.
I think it can be both, a strategy but also an emerging property of social media. In "In the Swarm" he talks exactly about the outrage-driven engagement when calling it out as "shitstorm": > "The shitstorm," writes Han, "represents an authentic phenomenon of digital communication." This phenomenon, he states, is also a cause for the lack of proper politicking in the era of digital communication, since everyone can pa…
Thanks for the links to the books, I'll definitely read them as they seem to perhaps describe the feeling I've been feeling. I think the whole MAGA movement was able to succeed because it was one of the only cohesive (ish) movements focused on ancient strategies of fear and hate.
> I think the whole MAGA movement was able to succeed because it was one of the only cohesive (ish) movements focused on ancient strategies of fear and hate.
That and red states having an aversion to education.
Re: The top 10% owns 87% of the stocks
#468Earlier quoted context omitted.
And when you didn't have to fight the war on the other side of the planet.
Britain and America are not exactly close...
And that's the primary reason that Britain lost the war.
The war was much more expensive for the British than for the Colonists, and became even more expensive once France joined. The British didn't lose because they couldn't keep fighting, but because the cost of the war grew to be higher than the expected value of winning.
It was also expensive for the French, and that cost helped bankrupt the state, which led to the French Revolution. One of many causes.
Re: The top 10% owns 87% of the stocks
#469Earlier quoted context omitted.
I'm pretty sure wealth doesn't follow an exponential distribution. Power law, log normal or stretched exponential or maybe some sort of generalized Zipf.
This, for the sake of argument, is not an important distinction.
Don’t use technical terms like “exponential distribution” and then say the technical details like what distribution it is does not matter.
Doing so conveys sloppy thinking while pretending to be rigorous only on the surface.
Re: The top 10% owns 87% of the stocks
#470Will there be a time when people depend on the stock market (pension, mortgage) so much that it becomes too big to fail?
Most pensions hold mostly stocks