In the pursuit of profit at all costs, corporations continue to consolidate until there is either no competition left or they draft an agreement with a competitor or competitors to tamper down competition between the businesses so they can socialize profits among themselves. A small number of giant conglomerates control what is produced and how much we as consumers pay for their products. Unbelievably, unbelievably, just three Wall street firms, BlackRock, Vanguard and State street, control assets of more than $22 trillion. (03:50–04:00)
CLAIM
Asserts that a few conglomerates control production and pricing.
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