“Collectively they own 89% of the S&P500, they own everything… They’ve now decided to buy every single-family home in America, if they stay on this trajectory they’ll own 60% of American homes by 2030.”
Insights for Navigating an Uncertain World
“Collectively they own 89% of the S&P500, they own everything… They’ve now decided to buy every single-family home in America, if they stay on this trajectory they’ll own 60% of American homes by 2030.”
There’s three giant corporations BlackRock, State Street and Vanguard which own each other and are basically one giant corporation…
— Pelham (@Resist_05) September 4, 2023
Collectively they own 89% of the S&P500, they own everything…
They’ve now decided to buy every single family home in America, if they stay on… pic.twitter.com/gLpqgVKVpN
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
Don’t those companies essentially represent a monopoly and too much power? I thought our country was against a monopoly.