BlackRock; some detail

…“Some $11 trillion is now invested in index funds, up from $2 trillion a decade ago,” Annie Lowrey reports in The Atlantic. This has “moved the country toward a peculiar kind of financial oligarchy,” decreasing competition because “mega-asset managers control large stakes in multiple competitors in the same industry.” (Like media.)

link

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s