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I see, so we must collapse Blackrock first.
Just be aware that BlackRock is capitalism’s final boss.
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
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.
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