• @Specal
    link
    163 hours ago

    This whole argument of peoples pension funds being the largest shareholders in a company is bizarre. https://www.blackrock.com/institutions/en-us/insights/public-pensions-survey pensions are owning less and less of the stock markets every year, become less and less relevant. Institutions like blackrock however are growing. Consistently.

    Like mate your neighbour Barry isn’t calling into the shareholders meeting to criticise the CEO for paying $0.05 an hour over minimum wage the the receptionist.

    • @LibreHans
      link
      -73 hours ago

      Institutions like blackrock however are growing. Consistently.

      Ah yes, let’s blame blackrock who provides a service for our neighbors who want to protect their wealth and invest, and let’s ignore the bankers and politicians who created the system that incentivizes this behavior.

      • @Specal
        link
        83 hours ago

        You keep repeating bankers and politicians but don’t seem to be going into much detail. Which politicians? Which bankers? When did your neighbours get enough money to invest through blackrock and when did they become billionaires?

        • @LibreHans
          link
          -63 hours ago

          What do you mean? Are you going to say politicians didn’t pass the laws that are the foundations of our financial and economic system? Which law are you curious about, then I can look up when it was passed and by who. Blackrock doesn’t gatekeep, anybody can invest with them, you don’t have to be a billionaire.

          • @Specal
            link
            52 hours ago

            You’re the one making the claim bossman, burden of proof is on you

            • @LibreHans
              link
              01 hour ago

              I need to give you proof that politicians created our laws? Dude…

              • @Specal
                link
                15 minutes ago

                Are you being intentionally obtuse?

      • @[email protected]
        link
        fedilink
        63 hours ago

        Companies like Blackrock also lobby those politicians with that wealth they’re pretending and investing.

        • @LibreHans
          link
          -33 hours ago

          Sure, the system feeds itself.