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Blackrock and Vanguard don't loving own all the world's corporations. They're investment companies. Being on a board doesn't mean you're a secret puppeteer, that's bullshit- you'd need to actually control the board. The same is true of stock holdings generally. Vanguard's board isn't secret and isn't "the world's wealthiest families", it's right here. Vanguard is notable for being weirdly structured in that its own funds own the company, which is a way of actually diverting formal interested power downward toward its (relatively low dollar) investors. There's plenty horribly wrong with corporate finance without lending credence to random podcaster tweets mediating tiktok global conspiracy theory dance videos. Discendo Vox fucked around with this message at 21:42 on Apr 18, 2023 |
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Apr 18, 2023 21:39
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I don't think you know what ownership is. Or you may not be able to read percentages. (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 19, 2023 20:05
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Mantis42 posted:It's all the same people even if it isn't the exact same corporations. Any sufficiently wealthy person is going to have a diverse stock portfolio and only a small percentage of the population is going to be that wealthy. It's a class dictatorship. That's also not...like do you not know what an ETF is? You're complaining about the existence of stocks and retirement funds. You're describing a "dictatorship" of half of the adult population.
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Apr 19, 2023 20:44
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