Today, I learned that vanguard and blackrock pretty much own the entire sp500. If one's not doing well, they simply dump their stock, crash and burn the company, and replace it with another one. Vanguard is also the majority stakeholder of blackrock. And blackrock is also the majority stakeholder of vanguard. Which means they both win when the economy's doing good, and stay status quo when economy is doing bad. The only losers are the retail investors. Biden and Jerome Powell also report to the bosses behind vanguard and blackrock. If Biden does smth they don't like, they simply get rid of them using their "special ways"
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Vanguards customers own the S&P. Not vanguard the company.
While true, they get to vote the shares in funds so they have extreme control over corporate boards and can use it to push their own agendas.
Op why create a poll with "op is an idiot" and put a target on your back
OP is an idiot. In a world where Alphabet doesn’t even own Alphabet, how the fuck does Blackrock own all the stocks. Literal clown
Then tell me. Who are the guys pulling the strings in America. It ain't Biden or the Republicans
It’s your wife/gf. There’s no other strings
They are brokers.
genuinely, what are you talking about? "wow blackrock owns everything" is such a fucking NPC take. do an iota of research and report back with your newfound knowledge. stop posting these stupid headlines that have click baited you into thinking one magical company "owns the world". some of you people should be banned from investing altogether. my 401k equivalent is tied up in an MSCI index fund - does this make me the owner of the world? https://www.blackrock.com/us/individual/products/239696/ishares-msci-world-etf 🙄
Vanguard and blackrock yes they on paper own 9-10% of almost every public company but that is mainly due to “indexing”. It’s not vanguards money. It’s client money they are investing and majority of the time not “dumping” anything unless their clients are nervous and are selling the etfs and funds they manage. To give clients their cash they must sell the underlying assets within the fund. They do have voting power yes but they do best by investors. They by law HAVE TO invest in all these companies to be considered index. They HAVE TO own Exxon and Chevron and Apple & Google in their index products. Does not make them evil or controlling of the market / world.
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What are those special ways? Oligarchy is a huge problem, but when you allow entities to become so big, you need to find the balance between antagonizing them while going ahead with your agenda. We can't allow massive corporations to get too big since they will amass a lot of power by buying politicians through various means. This applies from big funds, big banks to big tech including Google, Amazon, etc.
Democracy makes it look like it's the people that choose the president. It's actually the ppl that hold the real power that create a narrative and make ppl believe into it
There is a limit to how much narrative influence these firms and media orgs have, but it's definitely non-negligible.