When the University of Chicago’s Booth School of Business starts talking about the world being in a vicious cycle of inequality, you know we’re well into the end game. From this blog post: Earlier this year, a Stigler Center paper by Luigi Zingales [Faculty Director of the Stigler Center] argued that market concentration can lead to a vicious circle, in which companies use market...
Ray Dalio posted a great analysis of the American economy, splitting it into two parts, the top 40% and bottom 60%. To understand what’s going on in “the economy,” it is a serious mistake to look at average statistics. This is because the wealth and income skews are so great that average statistics no longer reflect the conditions of the average man. For example, as shown in the chart below, the...
From the Visual Capitalist, an infographic that helps you visualize all the world’s money… I cut off the bottom of the original graphic, which is derivatives, as (a) that market is humongous, but (b) the net total of the trillions in derivatives is $0, as every buyer has a matching writer, and thus that is a zero-sum market, unlike stocks or housing or gold. Hopefully the Visual...
I met Joel Solomon five years ago. Someone pointed me to him as knowledgeable and experienced. I knew of his work Renewal Funds, and a few years ago visited his Hollyhock on Cortes Island in British Columbia, Canada to attend his Social Venture Institute. (Disclosure: sometime in all that he agreed to invest a tiny amount into Fledge, one of my contributions to the field of social good.)...
