In the realm of global finance, few names resonate as powerfully as BlackRock. However, the notion that "BlackRock runs the world" oversimplifies the intricate dynamics of the global economy. While BlackRock is undeniably one of the world's largest asset management firms, its influence is part of a broader web of interconnected players and factors that shape economic affairs. In this article, we'll delve into the reality behind this claim and explore the concentration of ownership among major institutional investors.
amous tech investor Peter Thiel presented while speaking at a major cryptocurrency conference in Miami, a crypto hot spot. He wanted to expose anti-crypto investors, he said. Warren Buffett is top-ranked on this enemy list. Thiel referred to Buffet as a “sociopathic grandpa” for Buffett’s previous comments casting doubt on the value of crypto.
Blackrock is the world's largest asset manager and one of the most powerful companies on this planet. Its CEO Larry Fink provides his view about the ramifications of the Ukraine War in his traditional letter to shareholders. He even sees the end of globalization. "Russia’s brutal attack on Ukraine has upended the world order that had been in place since the end of the Cold War" the Blackrock CEO elaborated. He said Russia's inclusion in the global financial system had provided a peace dividend. That, he said, is now over.