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> weakest links that would be ordinary people who invest in index funds like vanguard that hold blackrock. Quickest way to bring blackrock down is if ordinary
by dangwhy 4y ago
> weakest links
that would be ordinary people who invest in index funds like vanguard that hold blackrock.
Quickest way to bring blackrock down is if ordinary Joe chooses to not invest in blackrock shareholder (vanguard).
- xboxnolifes 4y agoPersuading millions(?) of people to do something is not what I consider to be an easy task. An ordinary person may be a weak link, but a million ordinary people is not.
- anigbrowl 4y agoThis would be true if the power relationship could be modeled as a single linear chain. But it's a network, so cutting a single link in the chain is no more effective than cutting a single strand of a fishing net in which one is wrapped. To be effective, that small cut would need to be replicated at scale across the whole market, and that requires humongous amounts of communication, organization, and administration to pull. Boycotts can be effective, but only when issue and target are very easily and clearly defined (which is not always equivalent to 'honestly'). And the problem with boycotts is that they take a long time to spin up, and if you successfully focus all your boycotting energies on an intermediate target, the boycott coalition tends to fall apart after victory and you have to start over almost from scratch for your next objective.