Discussion of stock values

James Baird jlbaird3 at hotmail.com
Tue Jan 26 17:49:41 PST 1999


About hte mystery of how profits can grow faster than the economy, has there been a long-term increase in the "corporateization" of the economy? I thinking of this: local store (which is counted in GDP, but is not traded on exchanges) is forced out of business by Wal-Mart (which is). Coul the discrepancy simply be due to more of the total GDP being controlled by publically traded companies? Are there any numbers on this?

Jim Baird

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