Finance and retail firms command outsized shares of social wealth

id570937442

Over the same period, Canadian finance and insurance firms had a net operating profit averaging up to 35 percent, while food and beverage stores are thought, despite data limitations, to have had net profits averaging closer to 6 percent. All told, these firms and multinationals command an enormous share of social wealth, divided further up and down the supply chain between the owners of retail stores, mines, car plants, and the country’s financiers and speculators.

🔗 View Highlight

Link to original