Unbelievably, today, four Wall street firms, BlackRock, Vanguard, Fidelity, and State street, 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. The billionaire class, to an unprecedented degree, determines what the American people see, hear and read through their ownership of media. So if you wonder why issues like income and wealth inequality, issues like corporate greed are not talked about too much in the media, it has a lot to do with who owns that media. (10:50–11:04)
CLAIM
Asserts that billionaires significantly influence media content through ownership.
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.
