More just somebody who knows what they're talking about ... and isn't overly dependent on, or influenced by, social media ...
I’m on one now, going home from work. Much easier than driving, and no danger of getting a ticket for turning up the wrong street. I’ll get road rage if there’s temporary traffic lights in Crouch End again though.
Yeah I wouldn't fancy driving in London either tbf. Tube/overground all the way for me when I'm up there. In fact I think the only time I've ever got on a London bus was with you when we went to Arsenal and I parked at yours.
March 2022: https://www.thesocialistcorrespondent.org.uk/articles/blackrock-a-new-breed-of-financial-monster/ BlackRock represents a dangerous new stage in the monopolisation of finance capital, the high degree of which makes for tremendous instability. Crises are inherent in the irrational capitalist system and cannot be averted. The more monopolised the system, the more quickly a financial infection can lay the whole system to waste as we saw in 2008. Financial commentator Martin Wolf bemoans the fact that the “dynamic” capitalism he once knew has degenerated into a system of “unstable rentier capitalism” (Financial Times, 18/11/19). Nothing has changed since 2008. The parasitism has only deepened, and the monopoly power of BlackRock threatens the system as a whole. Another financial crash is only a matter of time.
I remembered thinking the other day when Rachel Reeves said they were looking to remove red tape ie some regulations. My first thought was that it was put there for a reason or have we forgotten what happened in 2008. The next I know she is buddying up with Blackrock. Hence my post above.
I'm not really defending them, I just think people misunderstand what they do. Centralised monopolisation of finance is never a good idea. But there are some wild theories out there that they are shady Jewish bankers and puppet masters who control everything and make Govt policy. They are essentially just asset managers, they make their money by charging fees on the investments made with them. The problem with them and companies like Vanguard is the amount of money they hold in those assets, which is in the tens of trillions, so if things go tits up, they go tits up spectacularly.
I see that the champion of the farmers Nigel Farage has been shown to have land worth over £3m. no wonder he wants inheritance tax scrapped. the ****ing wannabe Trump ****.
There's a decent 17 min video here that breaks down what Blackrock do and how they operate. Well worth a watch, because there's a lot of noise out there about what people think they do.
People keep saying they are buying up farmland. But they are not even in the top 20 in terms of land owners in the UK. just conspiracy bollocks.
I think this is the fundamental issue that people misunderstand. Blackrock don't own these companies, they invest other people's money into companies and make their money on the returns from charging their clients fees.
