5 comments

[ 3.3 ms ] story [ 25.8 ms ] thread
How much of their money is real if we have a 1929 style crisis?
> The report, Inequality Inc., finds that seven out of 10 of the world’s biggest corporations have a billionaire as CEO or principal shareholder

That is inherent. You cannot be a principal shareholder of a top 10 corporation without being a billionaire.

Make a homeless dude the principal shareholder of a top 10 corporation and he is instantly a(n evil) billionaire.

In the past this sort of trajectory has led to bloody revolution. No one should discount that possibility. The tools to prevent it are, as before in the hands of the rich. As before they will probably do nothing.