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A comment on Study Says World's Stocks Controlled by Select Few. Parent comment

Re:Study Says World's Stocks Controlled by Select Few by tnovelli on Saturday August 29, 2009 @09:45AM (#793158)
Interesting how so much money/power/responsibility is diluted and reconcentrated over and over in mutual funds, pensions, insurance companies, governments, etc. -- much like those subprime mortgage tranches. And we call this capitalism?!
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Re:Study Says World's Stocks Controlled by Select Few by yummyfajitas on Saturday August 29, 2009 @10:12AM (#793185)
How is voluntarily paying people to manage your money for you anti-capitalist?
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Re:Study Says World's Stocks Controlled by Select Few by tnovelli on Saturday August 29, 2009 @01:23PM (#793390)
Everyone is passing the buck... what's the connection between your investment and a productive enterprise somewhere? A long chain of financial games. Decisions are based on statistics and third-hand information, not on the merits of the end investment. Result: a crapload of bad investments and an unstable economy.

[Edit:] "Capitalism" gets blamed for this mess caused by the dilution of responsibility, which sounds pretty socialistic to me. You might call it "emergent socialism".

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Re:Study Says World's Stocks Controlled by Select Few by yummyfajitas on Saturday August 29, 2009 @02:08PM (#793445)
The connection between my investment and productive enterprise is very simple. Vanguard (the people who manage my money) transfer my investment to an enterprise they believe is productive but undervalued.
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