Billionaire BlackRock CEO: 'Doesn't matter' who wins US election; Trump & Kamala benefit Wall Street
Update: 2024-11-03
Description
Billionaire BlackRock CEO Larry Fink said it “really doesn’t matter” who wins the US presidential election, because both Donald Trump and Kamala Harris will be good for Wall Street. Ben Norton shows how the United States is not a democracy but rather an oligarchy, in which big corporations buy politicians and lobbyists create policies.
VIDEO: https://www.youtube.com/watch?v=chPfp01rsD0
Topics
0:00 US election season
0:42 BlackRock CEO: it “really doesn’t matter” who wins US elections
2:20 The "Big Three" Wall Street asset managers
3:06 S&P 500 and Nasdaq bubbles
4:35 Richest 10% of Americans own 93% of stocks
5:30 Princeton study: USA is oligarchy, not democracy
6:26 Billions spent buying US elections
7:54 Money buys seats in Congress (90% of the time)
8:50 Crypto industry funds Republicans & Democrats
10:51 Biden promised rich donors "nothing would fundamentally change"
11:59 Extreme wealth & income inequality in USA
15:12 US wages stagnated while productivity soared
15:42 Financialization of US economy
17:09 Inflation & cost of living crisis
18:43 House prices grow much faster than wages
20:48 Blackstone: the world's largest landlord
22:49 Private equity
24:03 Blackstone CEO Stephen Schwarzman funds Trump
24:28 Kamala Harris & Trump woo Wall Street
25:25 Trump tax cuts make rich much richer
27:19 BlackRock makes economic policy for Biden & Harris
28:10 USA is an oligarchy
29:41 Outro
VIDEO: https://www.youtube.com/watch?v=chPfp01rsD0
Topics
0:00 US election season
0:42 BlackRock CEO: it “really doesn’t matter” who wins US elections
2:20 The "Big Three" Wall Street asset managers
3:06 S&P 500 and Nasdaq bubbles
4:35 Richest 10% of Americans own 93% of stocks
5:30 Princeton study: USA is oligarchy, not democracy
6:26 Billions spent buying US elections
7:54 Money buys seats in Congress (90% of the time)
8:50 Crypto industry funds Republicans & Democrats
10:51 Biden promised rich donors "nothing would fundamentally change"
11:59 Extreme wealth & income inequality in USA
15:12 US wages stagnated while productivity soared
15:42 Financialization of US economy
17:09 Inflation & cost of living crisis
18:43 House prices grow much faster than wages
20:48 Blackstone: the world's largest landlord
22:49 Private equity
24:03 Blackstone CEO Stephen Schwarzman funds Trump
24:28 Kamala Harris & Trump woo Wall Street
25:25 Trump tax cuts make rich much richer
27:19 BlackRock makes economic policy for Biden & Harris
28:10 USA is an oligarchy
29:41 Outro
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