The company that owns the world
Fri 12:33 pm +01:00, 3 Nov 2023 6Video: BlackRock and the Oligopoly. James Corbett
In today’s video, I spoke with James Corbett, about Blackrock, Vanguard, State Street, Financial Giants & The Oligopoly.
The “big three” asset management corporations own shares in almost every major US company in each industry, making them the top institutional shareholders for these giant corporations. The list is endless… They are also the top shareholders in each other, raising serious questions about competition, consolidation, monopolisation and influence, including in government.
We also discuss the general trend of consolidation.
Feel free to use Yahoo Finance, type in a company and go to holders to see the top shareholders.
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Blackrock, Vanguard, State Street are vehicles for the oligarchs to conceal their ownership/control of EVERYTHING, all major corporations. WEF anyone?
Problem is that, when you tell a normie about that then, their eyes glaze over. They don’t care, probably because they don’t understand the implications. If we lived in a just world then such secrecy should be banned by law. What possible reason could justify secrecy about the real ownership of a publicly quoted company?
Consolidation is natural though. I’ve seen it in the two industries that I worked in during my career
First, the retail of all things electrical. The industry was primarily independently owned in the 1970’s with just a few large chains. Now it’s Currys, online and err, not much else
Ditto my second sector, the production of natural healthy foods with minimal processing, a similar story. We sold our business to a small public company in mid 90’s. They were acquired within 18 months by a large Irish public concern. Who promptly sold our old business to the biggest UK producer of all resulting in the closing of our site and redundancy for just about all of our staff
I left after the first sale, having sold my shares at that point. But I was still gutted for all the folk that I had employed during our stellar growth phase, I felt somehow responsible even though none of it was my doing apart from our initial exit
So, from small independent to massive corporation in 3 easy steps over 4 years. Organic consolidation in action, impossible to prevent in practice
“impossible to prevent in practice”. Indeed, as the Government could prevent it by law, but they own that too.
For a government to stop small companies selling up, and the owners moving on, would be totalitarian in the extreme Ian
And massively counter productive too. Small business are the lifeblood of a healthy community. If there were only corporations then community life would be soulless
Surely though Pete, they could legislate to stop the Massive corporations from ruling the world in a total Corporatocracy as they, along with the Banks do now.
Sorry, I missed your point Ian, thought you were talking about small business owners selling up, doh!
“the Government could prevent it by law, but they own that too”
Yes, the owners seem to own everything, all governments, legal system, pols, corporations, UN, WHO, EU etc etc etc
More pertinent question is, what don’t they own? Small businesses for sure, your mortgage free house, your physical cash including silver and gold, can’t think of much else off the top of my head,. They even own the money that you deposit in your own bank account!
I suppose that one of their intended ,side benefits of the covid scam was the elimination of small businesses. That’s what they wanted but they failed didn’t they, humans are too resilient
Yes you’re right Pete, BTW it was my bad, I sometimes don’t explain very well.