Comments by "ChineseKiwi" (@ChineseKiwi) on "The Plain Bagel" channel.

  1. 46
  2. 31
  3. 8
  4. 6
  5. 6
  6. 4
  7. 4
  8. 4
  9. 4
  10. 3
  11. 3
  12. 3
  13. 3
  14. 3
  15. 3
  16. 2
  17. 2
  18. 2
  19. 2
  20. 2
  21. 2
  22. 2
  23. 2
  24. 2
  25. 2
  26. 2
  27. 2
  28. 2
  29. 2
  30. 2
  31. 2
  32. 1
  33. 1
  34. 1
  35. 1
  36. 1
  37. 1
  38. 1
  39. 1
  40. 1
  41. 1
  42. 1
  43. 1
  44. 1
  45. 1
  46. 1
  47. 1
  48. 1
  49. 1
  50. 1
  51. 1
  52. 1
  53. 1
  54. 1
  55. 1
  56. 1
  57. 1
  58. 1
  59. 1
  60. 1
  61. 1
  62. 1
  63. 1
  64. 1
  65. Ā @oliverstianhugaas7493Ā  they aren’t. Blackrock is private equity, while the others are asset management. Private equity tends to wholly buy companies. Asset management tends not to. All Vanguard, Blackrock and State Street do is invest other people’s money on behalf of them via various portfolios. You can even get them to invest your money by buying into their ETFs. Blackstone you can buy shares in too but they more wholly own assets as said. If you look at the % of a company the likes of Vanguard, State Street and Blackrock own, they are often less than 5% of the company. Not to mention this isn’t even factoring in that often the founders rig the voting rights. E.g. Facebook/Meta shares are 1:1 voting rights. The non public Class B shares have 10:1 voting rights, being they have 10x the voting right. Guess who owns most of the Class B shares? The Zucc. Blackrock and the like don’t control shit. Centre left here, but a lot of the left are financially ignorant as well, historically and even now, as there was no strong implementation of wealth creation via equities for the common person in the US, Canada etc vs other countries, thus wider incentive to learn about this stuff. Ignorance of a thing or subject isn’t just a right wing MAGA conspiracy theorist thing. E.g. In Australia, at least 11% on top of wages is paid by the employer to your ā€˜401k’, called ā€˜superannuation’ or ā€˜Super’ for short. This is by law and mandatory. And it is tied to you and not the employer. And you can switch investment companies or portfolio makeup anytime. And it is deliberately hard to access without strong proof of hardship to save you from yourself and losing it all in a shitcoin. Therefore a lot of supermarket workers would in fact indirectly own shares in the same supermarket. The modern ā€˜owning the means of production’. Iceland, Netherlands have similar strong schemes.
    1
  66. 1
  67. 1
  68. 1
  69. 1
  70. 1
  71. 1
  72. 1
  73. 1
  74. 1
  75. 1
  76. 1
  77. 1
  78. 1
  79. 1
  80. 1
  81. 1
  82. 1
  83. 1
  84. 1
  85. 1
  86. 1
  87. 1
  88. 1
  89. 1
  90. 1
  91. 1
  92. 1
  93. 1
  94. 1
  95. 1
  96. 1
  97. 1
  98. 1
  99. 1
  100. 1
  101. 1
  102. 1
  103. 1
  104. 1
  105. 1
  106. 1
  107. 1
  108. 1
  109. 1
  110. 1
  111. 1
  112. 1
  113. 1
  114. 1
  115. 1
  116. 1
  117. 1
  118. 1
  119. 1
  120. 1
  121. 1
  122. 1
  123. 1
  124. 1
  125. 1
  126. 1
  127. 1
  128. 1
  129. 1
  130. 1