Andy@slrpnk.net to Memes@lemmy.ml · 18 hours agoThey can't hold out foreverslrpnk.netimagemessage-square34fedilinkarrow-up1359arrow-down13cross-posted to: [email protected]
arrow-up1356arrow-down1imageThey can't hold out foreverslrpnk.netAndy@slrpnk.net to Memes@lemmy.ml · 18 hours agomessage-square34fedilinkcross-posted to: [email protected]
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up11·14 hours agoWait, they own the equivalent of 1/3 US yearly GDP?
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up28·14 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-up2·43 minutes agoThey own most of these shares via their index funds, which do not give them controlling power on the companies
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
Very cool article!