Relevant to that, there's a good talk by Herman Mark Schwartz [0], in which he reports that total offshore holdings of top 15 US firms exceeds $1 T (more than O

Relevant to that, there's a good talk by Herman Mark Schwartz [0], in which he reports that total offshore holdings of top 15 US firms exceeds $1 T (more than Obama's ARRA stimulus of $830 B). Excludes onshore cash, and Apple's is a significant fraction of this pile. He argues that monopoly IP rights (originally public goods) held by cash-rich firms leads to lack of real investment. [0] Wealth and Secular Stagnation: The Role of Industrial Organization and Intellectual Property Rights. https://t.co/ZQ5RgHGdFo https://t.co/ZQ5RgHGdFo