When we look at what's going on in this country, it's not just the grotesque level of income and wealth inequality. Today we have more concentration of Ownership. You know what I mean by that? Fewer and fewer entities Four Wall Street firms, BlackRock, Vanguard, Fidelity, and State Street, are the major stockholders in 95% of our corporations. these four firms combined are the major stockholders in 95% of our corporations. Got it. But. But it is not just income and wealth inequality or concentration of ownership today. (10:19–10:25)
CLAIM
Asserts that four firms are major stockholders in 95% of U.S. corporations.
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