Unlimited Capital: Blackrock and Vanguard Reign Over the Western World
1 year ago
8
MEP Mislav Kolakušić: "Blackrock, Vanguard, and State Street, funds most people have never heard of, control assets worth more than $15 trillion, which is 3 times more than the U.S. annual budget for 2020 ($4.79T) and more than the GDP of the People's Republic of China. These funds have stakes in all major pharmaceutical, media, arms, transportations, and banks, which means that they not only own all the major world companies, but they truly own the economy."
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