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86
Larry Fink and his Black Rock. (media.communities.win)
posted 3 years ago by EJGeneric PRO 3 years ago by EJGeneric PRO +87 / -1
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– TentElephant 4 points 3 years ago +4 / -0

Every publicly traded company, and even many private ones, is owned by the People.

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▲ 2 ▼
– ArchRespawnsAgain 2 points 3 years ago +2 / -0

That gets to the question of what it means to own something. Sure, you can make a nickle per $1 billion of profit if you own stonks, but try telling the company what to do. You will be met with inertia. If Fink and the gang tell it what to do, it will stand at attention. Who is the owner?

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▲ 3 ▼
– TentElephant 3 points 3 years ago +3 / -0

The owners have no power. The people who manage it do. The old bugeoisie derived power from ruling their physical companies as kings. The proletariat is dependent on a company or other organization to pay them for their services. There is no longer a bugeois class; they have been replaced by a managerial class that is a proletarianized elite, including Fink. We live under a dictatorship of the proletariat where the people own the means of production.

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▲ 4 ▼
– ArchRespawnsAgain 4 points 3 years ago +4 / -0

But Fink isn't "the people." He is one person, one of a small handful who hold most of the wealth and power. It's a small club, and "the people" aren't in it. He also doesn't actually have to manage jack shit in a hands on way. His underlings to do all of the real work (to the extent an asset management firm does real work).

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– TentElephant 4 points 3 years ago +4 / -0

Fink is a proletarian dictator managing the means of production on behalf of the People. He does some work, such as sending those yearly letters to CEOs that tell them what to do. I never said this is good. My point is that Marx would be a fan, and the idea that capitalism is the antithesis of communism is silly.

this world today stands for the most part at the disposal of Marx and at the same time at the disposal of Rothschild. I am certain that Rothschild for his part greatly values the merits of Marx, and that Marx for his part feels instinctive attraction and great respect for Rothschild.

This may seem strange. What can there be in common between Communism and the large banks? Oh! The Communism of Marx seeks enormous centralization in the state, and where such exists, there must inevitably be a central state bank, and where such a bank exists, the parasites, which speculates on the work of the people, will always find a way to prevail.

-Bakunin

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