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BlackRock’s Rise Shows the Dark Direction of Monopoly Capitalism, by Rainer Shea

by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, June 30, 2020
July 1, 2020

Matt Taibbi concluded that the 2008 Wall Street bailout had “built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors.” In this post-crash environment, the largest financial institutions gained more of a hegemonic grip than ever, with the five biggest banks having… 1,267 more words

Politics

BlackRock’s rise reveals the dark direction of monopoly capitalism

BlackRock’s rise reveals the dark direction of monopoly capitalism

BlackRock has emerged as the top player in this brutal late-stage neoliberal order, a “vampire squid” that profits from the intensifying exploitation of the proletariat and the overall decay of society.

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United States

Monthly Cycles go back to Blackrock

Image: Sascha Kohlmann/Wikimedia

Event info

After our first socially distanced Monthly Cycle, we’re back on 4 July! Please join us, especially if you or someone you know is new to cycling since lockdown. 612 more words

Meet BlackRock, the New Great Vampire Squid

22 June 2020 — Greanville Post

Ellen Brown

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. 1,916 more words

Capitalism

Policy Update

China, Japan the EU and Canada have made major policy changes in the past week, discover more below Japan Declares climate crisis

A Japanese Environmental Ministry Whitepaper referred to the effects of global warming as a “climate crisis” this week. 553 more words

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Meet BlackRock, the New Great Vampire Squid, by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, June 22, 2020
June 23, 2020

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. 2,096 more words

Politics