Anti-trust in America. Illegal; Unless You Contribute to Democrats.
If you know anything about investing in America, you have undoubtedly heard the names Blackrock, Vanguard, and State Street. BlackRock, Vanguard, and State Street are three of the largest global asset management companies, often called the “Big Three” in the industry. While they collectively manage trillions of dollars in assets, estimating their exact market share in the United States can be challenging due to the complexity of financial markets and their diverse range of services.
However, according to various industry reports and estimates, the combined market share of BlackRock, Vanguard, and State Street in terms of assets under management (AUM) in the United States is significant. Some estimates suggest that these three firms collectively manage around 20% to 30% or more of the total assets under management in the U.S.
These figures only account for stock shares owned. These companies are working to control everything and put the middle class out of business. Take for example this article from the Wall Street Journal.
If You Sell a House These Days, the Buyer Might Be a Pension Fund
You see, these three companies are not happy controlling the stock market, which includes your pensions, 401K, and other investments. No, they now want to control where you live by buying all of the single-family homes they can and driving up the price of housing in the United States. But, of course, politicians will allow it to happen because these three companies spend millions of dollars to get the “right” people elected. Just another reason we need to stop career politicians from getting elected.
So collectively, these three companies control your retirement funds, the price of inelastic goods, the politicians you elect, and the house you can afford. At a minimum. There used to be a day when we did not allow big businesses to destroy the American way of life.
You have to ask, who is Joe Biden talking about when he says that billionaires control the Republican Party? Because from where we sit, he seems pretty comfortable letting The Big Three destroy our lives and enslave Americans.
What exactly is a monopoly?
Well, A monopoly is a market structure where a single firm dominates the entire market for a particular product or service. In other words, it is a situation where there is only one seller or producer in a given industry, giving that entity significant control over prices and supply.
Monopolies can arise due to various factors such as technological superiority, exclusive control over essential resources, government regulations, or aggressive business practices that eliminate competitors. While monopolies can sometimes lead to efficiency gains, they often raise concerns about market power abuse, lack of competition, higher consumer prices, and stifled innovation.
Due to these concerns, many countries have regulations and antitrust laws to prevent or mitigate monopolistic behavior. These laws may include measures to promote competition, prevent unfair business practices, and, in extreme cases, break up monopolies to restore market competitiveness.
Monopoly: Who Owns The World is a great hour-long documentary on this very topic.
But aren’t monopolies illegal?
In the United States, monopolies are illegal, but specific actions and behaviors by monopolies that harm competition or consumers can be illegal under antitrust laws. Antitrust laws promote fair competition and prevent monopolistic practices that may lead to reduced consumer welfare, higher prices, decreased innovation, and other adverse outcomes.
The primary legislation governing antitrust in the United States is the Sherman Antitrust Act of 1890, followed by the Clayton Antitrust Act of 1914 and the Federal Trade Commission Act of 1914. These laws prohibit various anti-competitive practices, including:
Monopolization: Acquiring or maintaining a monopoly position through exclusionary or predatory conduct.
Attempted Monopolization: Conduct with the purpose or effect of illegally monopolizing or attempting to monopolize a market.
Price Fixing: Agreements among competitors to set prices or other trade terms restrict competition and harm consumers.
Market Allocation: Agreements among competitors to divide markets or customers, which can reduce competition and consumer choice.
Tying and Bundling: Practices where a firm requires customers to purchase one product or service to obtain another, which can limit consumer choice and competition.
The enforcement of antitrust laws in the United States is primarily carried out by two federal agencies: the Antitrust Division of the Department of Justice (DOJ) and the Federal Trade Commission (FTC). These agencies investigate and take legal action against companies engaged in anti-competitive behavior, including monopolies, through civil and criminal enforcement actions.
Overall, while monopolies are not illegal in the United States, actions taken by monopolies to abuse their market power and harm competition can be subject to legal scrutiny and enforcement under antitrust laws.
BlackRock Buying Up Residential America.
BlackRock and Housing: Setting the Record Straight
Why Is Blackrock Buying Single Family Homes?
A deep dive into the debate about Wall Street’s influence on rising house prices
