Andy@slrpnk.net to Memes@lemmy.ml · 21 hours agoThey can't hold out foreverslrpnk.netimagemessage-square57fedilinkarrow-up1425cross-posted to: memes@lemmy.world
arrow-up1425imageThey can't hold out foreverslrpnk.netAndy@slrpnk.net to Memes@lemmy.ml · 21 hours agomessage-square57fedilinkcross-posted to: memes@lemmy.world
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up18·17 hours agoWait, they own the equivalent of 1/3 US yearly GDP?
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up37·17 hours 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-up4·4 hours 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-up1·38 minutes 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
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.
Very cool article!