Not only is the capital so concentrated, but any threats to these funds are direct threats to the retirement plans, pension funds, and investments of the politi

Not only is the capital so concentrated, but any threats to these funds are direct threats to the retirement plans, pension funds, and investments of the politicians that serve us as well as their donors/supporters. Firms like balckrock can effectively strong arm Congress into doing whatever black rock damn well pleases because of the economic power they've been allowed to concentrate. Blackrock has $8.68 trillion AUM(2020), the 2019 US GDP was $21.4 trillion. What kind of damage could blackrock, entirely legally, do if they wanted? I'm not saying that BR is extorting anyone, but I'd be thoroughly surprised if BR doesn't have emotionless discussions with powerful people about all the terrible things that will happen if Congress does X or doesn't do Y, which can have the same effect as saying to act in a way or [bad thing] without coming across as Tony Soprano. https://www.bloomberg.com/quicktake/rent-wall-street-is-my-landlord https://www.bloomberg.com/quicktake/rent-wall-street-is-my-l... https://www.theatlantic.com/technology/archive/2019/02/single-family-landlords-wall-street/582394/ https://www.theatlantic.com/technology/archive/2019/02/singl...