Tell me, what is the alternative to Blackrock? People really don't want to manage their money. They hand it off to investment firms to make those decisions for them. That is kind of where we're at with the highly specialized division of labor of modern society. Those companies have been using that money to fuck around in the market and exert control before. Blackrock is just a highly centralized form of that.
So even if Blackrock was broken up, how do we prevent it from happening again? From the other companies investing for reasons that aren't to maximize the profit of their investors?
That's a short term fix. Maybe for long term we need to dispel the idea that you can rub two coins together to make them multiply. Make a labor based currency.
Tell me, what is the alternative to Blackrock? People really don't want to manage their money. They hand it off to investment firms to make those decisions for them. That is kind of where we're at with the highly specialized division of labor of modern society. Those companies have been using that money to fuck around in the market and exert control before. Blackrock is just a highly centralized form of that.
So even if Blackrock was broken up, how do we prevent it from happening again? From the other companies investing for reasons that aren't to maximize the profit of their investors?
I don't think there's a fix for blackrock. history will repeat itself. meglomania will always persist, monopolies will come and go
Ovens. Lots of ovens. About 300 of them would be enough to get the job done in 4 years.
That's a short term fix. Maybe for long term we need to dispel the idea that you can rub two coins together to make them multiply. Make a labor based currency.
Decentralized Autonomous Organizations.
Don't give anyone the power to be BIS, or BlackRock, etc.
At least with a DAO, bad decisions will the the result of the idiot masses partaking in a real democracy.