> One reason for the measure’s current strength is that the balance of power seems to have moved in favour of capital, and against labour, in recent decades. The decline of trade unions, and the addition of China to the global market, have weakened workers’ bargaining power; in the past 15 years, corporate profits have been regularly equivalent to more than 10% of American GDP, and at a much higher level than they were between 1960 and 2000.
https://www.economist.com/graphic-detail/2020/12/04/expensiv...
But I’m still Graham’s Billionaires Build la-la land is still a reality, though.