They can't hold out forever
They can't hold out forever
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48 comments
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I see, so we must collapse Blackrock first.
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Just know that black rock has 9% or higher controlling share in almost all companies and they colluded with vanguard and another company I don't remember and all those 3 companies have 9% controlling shares in each others so they all 3 vote same in almost every thing
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Just be aware that BlackRock is capitalism’s final boss.
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This is Berkshire Hathaway Erasure.
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They are the most well known private equity firm, but when I learned they are in the 40th place of how many assets they own and manage I was flabbergasted... Worth giving in some more time to understand what happened to the financial world in the past 25-30 years. https://www.visualcapitalist.com/worlds-50-largest-private-equity-firms/ . Personally I can't wrap my head around how much money this ultra rich club has.
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Wait, they own the equivalent of 1/3 US yearly GDP?
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Not only do BlackRock, Vanguard, and State Street own everything, they also own shares in each other. Antitrust is dead; it’s basically one big monopoly. These three firms own corporate America
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They own most of these shares via their index funds, which do not give them controlling power on the companies
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Very cool article!
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48 comments