Andy@slrpnk.net to Memes@lemmy.ml · 1 year agoThey can't hold out foreverslrpnk.netexternal-linkmessage-square64linkfedilinkarrow-up1540arrow-down13cross-posted to: memes@lemmy.world
arrow-up1537arrow-down1external-linkThey can't hold out foreverslrpnk.netAndy@slrpnk.net to Memes@lemmy.ml · 1 year agomessage-square64linkfedilinkcross-posted to: memes@lemmy.world
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up20·1 year agoWait, they own the equivalent of 1/3 US yearly GDP?
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up41·1 year agoNot 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
minus-squareDrew@sopuli.xyzlinkfedilinkarrow-up4arrow-down1·1 year agoThey own most of these shares via their index funds, which do not give them controlling power on the companies
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up1·1 year agoThose shares are generally voting shares, giving them enormous power.
Wait, they own the equivalent of 1/3 US yearly GDP?
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
Very cool article!
They own most of these shares via their index funds, which do not give them controlling power on the companies
Those shares are generally voting shares, giving them enormous power.