Andy@slrpnk.net to Memes@lemmy.ml · 6 个月前They can't hold out foreverslrpnk.netexternal-linkmessage-square64linkfedilinkarrow-up1539arrow-down13
arrow-up1536arrow-down1external-linkThey can't hold out foreverslrpnk.netAndy@slrpnk.net to Memes@lemmy.ml · 6 个月前message-square64linkfedilink
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up19·6 个月前Wait, they own the equivalent of 1/3 US yearly GDP?
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up40·6 个月前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
minus-squareDrew@sopuli.xyzlinkfedilinkarrow-up4arrow-down1·6 个月前They 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-up1·6 个月前Those 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.