[lbo-talk] A highly critical take on Fitch

Doug Henwood dhenwood at panix.com
Tue Mar 14 16:05:19 PST 2006


Nathan Newman wrote:


> US capital is considered historically far more centralized; to this
>day, Italian and German manufacturers maintain a far stronger middle-size
>manufacturing sector compared to the more centralized sectors in the United
>States

It all depends on perspective: ownership in the US is much more dispersed than in bank-centered systems like Germany. This one's pretty hard to generalize about.

Doug



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