[lbo-talk] Query on Wealth

Ralph Johansen mdriscollrj at charter.net
Sun Dec 11 14:23:17 PST 2016


Carroll: "Who owns the corporations & how do the 1% "hold" their money?"

Before you remind me that this was your question, I'd say the answer is implicit in what I wrote in response: the corporations are "owned by" their bondholders, and they are the claimants on the corporations' earnings and indebtedness; their claims on securities are on present profit and expectations of return on future surplus value.

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