Most Americans are capital owners. You’re describing a world in which most Americans live in a utopia.
The same article that cites the 53% number also says that the top 10% of income earners own 70% of the stock market. That doesn’t really sound like a recipe for utopia.
> 34:24 "Markets are efficient because of active managers setting the prices of securities, firms like Citadel, firms like Fidel.....lity (Fidelity) [...] trying to drive the value of companies towards where we think they should be valued." - Kenneth Cordelle Griffin, Citadel Securities, November 2023
I thought Amazon was a public company, not private, and since supply and demand is dead and real price discovery is gone, that unless it becomes a private company it likely will not survive, unless there are enough retail investors to DRS directly register shares in their name so that DTCC (Depository Trust and Clearing Corporation) and Cede & Co do not hold all the assets for retail in street name to then bankrupt and collect all the assets leaving retail investors holding worthless securities, but I don't see that Amazon is private? Maybe I missed something that happened and it's a private company now?
Parks, libraries and military bases are publicly owned. Amazon is a private company whose shares are publicly traded.
> since supply and demand is dead
This is wrong.
> so that DTCC (Depository Trust and Clearing Corporation) and Cede & Co do not hold all the assets for retail in street name to then bankrupt and collect all the assets
This is nonsense. (For starters, not how bankruptcy works.)
> Maybe I missed something
Mankiw’s Principles of Economics is a well-regarded introductory text [1].
[1] https://en.m.wikipedia.org/wiki/Principles_of_Economics_(Man...
Does that include 401(k)s and pensions?
You're not really a full-on capitalist unless you can stop working and still have sufficient income derived from economic rent collected from somebody else who is working to sustain you in perpetuity.
Who is going to buy all of their crap then?