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Response to paulkienitz (Original post)

Tue Apr 28, 2015, 07:06 PM

7. "The Divine Right of Capital" says modern capitalism equivalent to subsidized gambling or feudalism

Makes point that only a small percentage of market cap is true invested capital -- I.e., via IPO's or special stock offerings or initial investment of owners. Most of market cap represents growth due to perceived value of earnings, and the shares of stock represent entitlements to the yield of the corporation, analogous to the Divine Right of Nobles being entitled to the proceeds from feudal estates.

It's an interesting paradigm.

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paulkienitz Apr 2015 OP
JustAnotherGen Apr 2015 #1
paulkienitz Apr 2015 #2
Enthusiast Apr 2015 #3
phantom power Apr 2015 #4
pampango Apr 2015 #5
paulkienitz Apr 2015 #6
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lostnfound Apr 2015 #7
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