March 20, 2024
Google the word: "TECHNOCRACY” if you don’t know what it is.
It perfectly encapsulates our current state of economic governance.
This chart is the example of that.
The market cap of the largest stock is now 750x the market cap of a 75th percentile stock.
To put this in perspective, even at the peak of the 2000 Dot-com bubble the metric only hit 550x.
We officially have a higher stock concentration than the peak of the Great Depression in 1932.
The top 10% of stocks in the US now reflect ~75% of the entire market.
Big tech IS the stock market.
Posted by: Timothy Birdnow at
09:31 AM
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