Yesterday, I asked the question, who are the capitalists? My answer was, they’re the tiny group of people (4500 or so individuals) who sit on the boards of directors of the nation’s largest corporations.
I also argued, capitalists appropriate, but don’t keep, the surplus. Instead, as members of corporate boards, they receive a small fee for attending meetings. They distribute the surplus to others, both inside and outside the enterprise.
Now, according to the Wall Street Journal, that seems to be changing. More and more capitalists are distributing to themselves shares of the surplus.…Occasional Links & Commentary
What do capitalists earn?
David F. Ruccio | Professor of Economics, University of Notre Dame