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?
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