The Blackrock Conspiracy Debunked

BlackRock allegedly owns and controls the world. But the investment giant claims they are just impartial shareholders. What is really going on?
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According to popular theories on social media BlackRock owns almost all of the biggest corporations around the world. They own the big tech, big pharma, big everything AND the mainstream media. This insinuates their hidden influence and secret agenda they supposedly enforce on the corporate world.

BlackRock is is indeed among the largest shareholders in the biggest corporations across all sectors of the economy. This isn't hidden information. Anyone can pull this up from publicly available sources. But the catch is that BlackRock doesn't legally own anything. The $10,000,000,000 in assets they have are under management on behalf of their clients.

The issue of BlackRock's power and influence has been well studied and analyzed by economists for years. It isn't just about raw numbers on the ownership list of big corporations.
Economists found that many major problems that plague our economy today can be directly attributed to the concentration of economic power by BlackRock and the like. Stagnation in innovation, rise of consumer prices, decreasing wealth of the working class, even income inequality.

There is no need to believe in conspiracy theories. Rational explanation is bad enough.

Sources (references available in the transcript)

[0] https://www.reuters.com/article/factcheck-business-investment-idUSL2N2WI1K4
[1] https://www.statista.com/statistics/1260855/vanguard-aum/
[2] https://www.statista.com/statistics/1378611/worldwide-investment-fund-firms-leading-by-assets-under-management/
[3] https://www.bloomberg.com/news/features/2020-01-09/the-hidden-dangers-of-the-great-index-fund-takeover
[4] https://www.bu.edu/bulawreview/files/2019/06/BEBCHUK-HIRST-1.pdf
[5] https://www.cambridge.org/core/journals/business..