20.03.2014 - The sovereign wealth fund solution
A SWF is a huge pile of capital that is owned by the state and invested for a return just like a mutual fund, a pension fund, or a university endowment. The wealth of such funds is, by definition, held collectively by the public, instead of being held privately. To the extent that wealth concentrating in the hands of a tiny few is our concern, one obvious way to prevent that is to have the public hold a bunch of it collectively. If the public owns it, the super-capitalists don't. That helps check our wealth inequality problem...............................................Full Article: Source
Print