• Specal@lemmy.world
    link
    fedilink
    arrow-up
    30
    ·
    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
      link
      fedilink
      arrow-up
      1
      ·
      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
        link
        fedilink
        arrow-up
        20
        ·
        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
          link
          fedilink
          arrow-up
          1
          ·
          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
                link
                fedilink
                arrow-up
                2
                ·
                edit-2
                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
                  link
                  fedilink
                  arrow-up
                  1
                  ·
                  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
        link
        fedilink
        arrow-up
        11
        ·
        2 months ago

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