The Writing's on the Wall: BlackRock, Inflation, and the Future of the Global Economy


Manage episode 295554587 series 2342433
Player FM과 저희 커뮤니티의 Jason Stapleton 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.
BlackRock, the largest asset manager in the world, is leading a movement of pension funds buying out single family homes. In many cases, these powerful institutions are buying up entire neighborhoods. Turns out, all that extra COVID bailout money has to go somewhere!
Traditionally, we might look at this and think, eh, free market at work, it is what it is. But this is different. This isn't a free market. But it's not the government either.
The government-business distinction is losing its usefulness. We apply lots of different labels to institutions, but behind all of those labels, there's just people with money and power who will use whatever tools are at their disposal -- public or private -- to make themselves richer and more powerful.
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- Viral Twitter thread describing the BlackRock situation:
- Business Insider article about BlackRock:
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