Larry Fink and his Black Rock.
(media.communities.win)
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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?
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 There is no longer a bugeois class; they have been replaced by a managerial class that is a proletarianized elite, including Fink.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.
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).
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.
-Bakunin
Marx is not one of "the People." Fink doesn't do shit on behalf of "the People" unless the financial elites are now "the People."