• huge_clock@lemmy.world
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    1 year ago

    It’s directly deployed in stocks and real estate, what do you mean?

    Most capital is “collectively owned” through public corporations, pension funds, etc.

    • FluffyPotato@lemm.ee
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      1 year ago

      Not most, in the US around 400 individuals own over 50% of wealth. Similar situation in Russia.

      • huge_clock@lemmy.world
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        1 year ago

        You’re right that wealth is concentrated, but I was saying that the assets are collectively owned. For example I am a shareholder of Amazon, a publicly-traded company that Jeff Bezos owns a large stake in. So Amazon is “collectively owned” but each share gets one vote instead of one person.