Without the need to pay dividends, a remutualised Northern Rock would be free to set more competitive lending and savings rates, adding choice and diversity to an increasingly concentrated sector.
It could be effective in the case of electricity production, which is a concentrated sector with a small number of large companies, but for other sectors, such as road freight transport where there are a large number of predominantly small actors, taxation is more effective.
Moreover, the most concentrated sectors of the world economy today were among the most concentrated a century ago.
Messrs Johnson and Kwak deftly summarise this history before moving on to their description of how modern Wall Street the most powerful and concentrated financial sector in the country's history both created the financial crisis and ensured a bail-out for its own benefit.Like most conspiracy stories, "13 Bankers" contains a kernel of truth.
It has one of the world's most concentrated corporate sectors: 24 major conglomerates control nearly a quarter of the country's 596 listed companies and more than two-thirds of the total market capitalisation of those firms.
"Dentistry is one of the highest concentrated business sectors out there," Rodman notes, with 150,000 dentists and 160,000 dental practices registered in the U.S. and 130,000 dentists and 30,000 dental practices in Canada before it even considers dentists outside of North America.
The Chief Minister of Bihar eviscerated the public sector, concentrated decision-making authority within the political system, as opposed to the bureaucracy, and maintained support among a key constituency of marginalized groups by marshalling their anger at the wealthy and elite (Mathew and Moore 2011).
These were concentrated in particular sectors, and in the more flexible segments of these sectors.
They found that 51% of the difference in the compensation of women and men is related to the fact that female workers are more concentrated in underpaid sectors, like nursing or education, and in lower-level roles.
The decline "will be more concentrated in the professional sector rather than the home," the Gartner research director, George Shiffler, said.
