From: glevy@PRATT.EDU
Date: Wed Feb 15 2006 - 12:05:25 EST
> I am also unsure what metrics would best capture centralization. > I did a little calculation using Compustat data on the sales of the > largest publicly-held corporations in 1950 versus 2000, and the GDP > for those years. The results were quite startling: > The top 10 corporations total sales represented 10.9% of GDP in 1950, > and 16.5% in 2000. > The 100 corporations' total sales represented 27.4% of GDP in > 1950.... and 66% in 2000. > Is this a good way to capture the trend in question? Hi Paul A, Isn't that an indication of changes in the *concentration* of capital rather than the centralization of capital? In solidarity, Jerry
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