Today we have more concentration of ownership you know what I mean by that? Fewer and fewer entities own more and more of our economy. Unbelievably, today, Four Wall Street firms, BlackRock, Vanguard, Fidelity, and State Street, are the major stockholders in 95% of our corporations. Got it? But it is not just income and wealth inequality or concentration of ownership. Today, the billionaire class, to an unprecedented degree, determines what the American people see, hear and read through their ownership of media. (09:48–10:08)
CLAIM
Asserts that four firms are major stockholders in 95% of 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.
