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Andy@slrpnk.net to Memes@lemmy.ml · 4 months ago

They can't hold out forever

slrpnk.net

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They can't hold out forever

slrpnk.net

Andy@slrpnk.net to Memes@lemmy.ml · 4 months ago
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  • Thteven@lemmy.world
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    4 months ago

    I see, so we must collapse Blackrock first.

    • Anna@lemmy.ml
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      4 months ago

      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

    • davel@lemmy.ml
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      4 months ago

      Just be aware that BlackRock is capitalism’s final boss.

      • xektop@lemmy.world
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        4 months ago

        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.

        • davel@lemmy.ml
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          4 months ago

          Blackstone is not BlackRock, but yes they are also scary. 📺 So does private equity own everything?

      • SubArcticTundra@lemmy.ml
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        4 months ago

        Wait, they own the equivalent of 1/3 US yearly GDP?

        • davel@lemmy.ml
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          4 months ago

          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

          • Drew@sopuli.xyz
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            4 months ago

            They own most of these shares via their index funds, which do not give them controlling power on the companies

          • Jack@slrpnk.net
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            4 months ago

            Very cool article!

      • UnderpantsWeevil@lemmy.world
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        4 months ago

        This is Berkshire Hathaway Erasure.

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