I wouldn't expect material changes over the last 8 years, but would be very interested if I'm wrong!
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Replying to @DanNeidle @javiergb_com and
Authors:help me understand what 'sink' means? i.e.'attract & retain capital', 'store capital'. How? Capital not deployed on small islands
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Replying to @MForstater @DanNeidle and
Meaning that we lose the thread indeed, or the companies are owned by individuals (for instance in the case of Luxembourg).
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Replying to @javiergb_com @DanNeidle and
Losing the thread is a data thing - does not mean capital itself is sunk or stored there. In practice does this mean end of chain = funds?
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Replying to @MForstater @DanNeidle and
There is a correlation between ownership and capital flow. We don't know what happens after BM or VG, the capital is definitely not there.
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Replying to @javiergb_com @MForstater and
You mean is not _beneficially owned_ there?
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Replying to @1867ben @MForstater and
It may, but the capital is not there. The company is incorporated in VG, the money is reinvested somewhere else.
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Replying to @javiergb_com @MForstater and
So your comment about being 'reinvested' makes no sense if what you are missing is info on the credit side from the sinks.
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Replying to @1867ben @javiergb_com and
The description seems to be backwards -yr 'sinks' not places where capital stored/retained but where investment goes to other places.
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Replying to @MForstater @1867ben and
well, investment goes one way, returns the other. returns may disappear from trace but can only be reinvested or consumed, there's nowt else
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