Re: [OPE] Question on centralisation of capital

Conference Board "2008 Institutional Investment Report: Trends in
Institutional Investor Assets and Equity Ownership of U.S. Corporations."
Institutional investor ownership in largest 1,000 Corporations has
consistently increased from 46.6% average total stock in 1987, to 61.4% in
2000 : and an unprecedented 76.4% end 2007.

In 1985 no company had institutional ownership of 60% or above, by 2007, 17
companies had 60% or above, including six with 70% or above. The equity
market value of total institutional equity holdings increased from $571.2
billion in 1980 (37.2% total U.S. equity markets) to $12.9 trn. (66.3% total
U.S. equity markets) in 2006. an historic all-time high.

http://www.conference-board.org/publications/describe.cfm?id=1548

----- Original Message -----
From: "Paul Cockshott" <wpc@dcs.gla.ac.uk>
To: "Outline on Political Economy mailing list" <ope@lists.csuchico.edu>
Sent: Thursday, November 19, 2009 9:39 AM
Subject: [OPE] Question on centralisation of capital

>I was sent the question below on capital centralisation, do people have any
>suggestions:
>
> "A quite another question: do you know any source or other arguments
> supporting the thesis that the centralisation of capital is going on?
> I only have found the hint of the US Fortune Magazine whereby the
> percentage of the 500 biggest companies on World BIP is arisen from 40
> to 45 during 1994 and 2004 (based on turnover/sales). I think an
> indication but not very strong."
>
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Received on Thu Nov 19 18:28:27 2009