• xiaohongshu [none/use name]@hexbear.net
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    8 days ago

    black rock doesn’t really own all those companies they are just investors in them.

    ???

    What do you think shareholders are?

    Blackrock is not Jewish lol, together with Vanguard and State Street (the Big Three), they’re institutional investors whose goal is to maximize profit for the amorphous financial bourgeois class of America.

    Here’s what Bernie Sanders has to say about them back in 2022:

    Today, in America, just three Wall Street firms – BlackRock, Vanguard and State Street - manage $22 trillion in assets. These three firms are major shareholders in more than 96 percent of S&P 500 companies. Obscene.

    For reference, these firms were the major shareholders to only 25% of S&P500 back in 2000. What you’re seeing is the hyper-financialization and the complete capture of American economy by finance capitalism.