In sector after sector, whether it is agriculture, transportation, energy, financial services, you name it, a handful of giant corporations control those sectors and engage in price fixing and charge us much higher prices than should be charged. Unbelievably, Four Wall street firms, BlackRock, Vanguard, Fidelity, and State street combined are now the major stockholders in more than 95% of our corporations. Got that. That's called concentration of ownership. That's called economic power. And when we talk about the massive ownership, concentration of ownership in the United states, understand that six large media conglomerates now control about 90% of what the American people see, hear and read. (07:18–07:30)
CLAIM
Asserts that four firms are major stockholders in over 95% of U.S. corporations.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
