BlackRock: How the Investment Giant is Manipulating the Market and Killing the American Dream
The Dark Side of BlackRock-Exploring the Investment Giant’s Influence on the Market and the American Dream
BlackRock, the world’s largest asset manager with over $8 trillion in assets under management, has been making headlines recently for its growing influence in the corporate world.
Many have raised concerns about this financial giant’s impact on the future of American corporations and the economy.
BlackRock was founded in 1988 by Larry Fink, now the company’s CEO. Over the past three decades, the firm has multiplied and has become one of the most influential players in the financial industry.
According to a paper published by the American Economic Liberties Project, BlackRock, State Street, and Vanguard are the largest owners in 88% of the SP 500 companies.
This level of ownership and influence has led many to question the role of BlackRock in corporate America. Some have argued that the firm is using its power to push for left-wing political priorities, which can be seen in the just-completed third quarter of 2021 alone.
