Andy@slrpnk.net to Memes@lemmy.ml · 2 days agoThey can't hold out foreverslrpnk.netimagemessage-square64fedilinkarrow-up1503arrow-down13cross-posted to: memes@lemmy.world
arrow-up1500arrow-down1imageThey can't hold out foreverslrpnk.netAndy@slrpnk.net to Memes@lemmy.ml · 2 days agomessage-square64fedilinkcross-posted to: memes@lemmy.world
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up40·2 days 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-squareDrewlinkfedilinkarrow-up4arrow-down1·1 day 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 day agoThose shares are generally voting shares, giving them enormous power.
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!