• LibreHans@lemmy.world
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    2 months ago

    Ah yes, let’s attack our neighbors who try to save their money, and let’s ignore the bankers and politicians who created the system that incentivizes this behavior.

    • Specal@lemmy.world
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      2 months 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@lemmy.world
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        2 months 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@lemmy.world
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          2 months 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@lemmy.world
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            2 months 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.

                • OsrsNeedsF2P@lemmy.ml
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                  2 months ago

                  I’m here reading comments of people’s opinions, and everyone is elaborating trying to help people understand their views. You’re not. That’s why people are asking for clarity (which you’re not providing)

                  • Specal@lemmy.world
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                    2 months ago

                    To be fair I stopped trying and became sarcastic when they clearly had nothing to add and just wanted to repeat whatever they’ve read in a blog somewhere

        • Godwins_Law@lemmy.ca
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          2 months ago

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

    • Wes4Humanity@lemm.ee
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      2 months ago

      No one is pointing the finger at regular people… The problem is that the richest 10% own 93% of all stocks, and the 1% own 54%. The 1% often IS the bankers, and they did create the system, and they paid the politicians to pass it. You’re just muddying the waters.