Part 2/11:
This concentration appears across various sectors, including housing, business equity, and essential resources like food and water. In a startling report, private equity firms have claimed control over approximately 20% of the entire U.S. economy, while top index funds own as much as 30% of all major companies listed in the nation. This phenomenon reflects the consequences of economies of scale and a belief in a system that has adapted to a "too big to fail" mantra.
The implications for everyday people, however, raise serious concerns. The fairness of resource distribution is up for debate, but a more pressing issue is understanding what happens when markets become so consolidated that the primary beneficiaries end up selling to themselves rather than the public.