ArmchairEconomist on Nostr: 90% of all products sold in a grocery store are produced by 6 companies. The S&P 500 ...
90% of all products sold in a grocery store are produced by 6 companies.
The S&P 500 all have the same top 3 share holders:
-BlackRock
-Vanguard
-State street
This is not Capitalism at work. It's something else.
Published at
2024-06-11 18:53:56Event JSON
{
"id": "97caf296fcaebfa507108d9d12d14a6a7ce675333397db9b980eebe0055ea1a5",
"pubkey": "ba88c5f80a3304e9786adb6df5e696d9de18573c4bd5fed7a7210784c1044646",
"created_at": 1718132036,
"kind": 1,
"tags": [
[
"p",
"d91d54da5fa824ceb3180c6ec024b9c3a2278c6b250ce416ae9a7c7ab28c2668",
"wss://relay.mostr.pub"
],
[
"p",
"7a7b03b82c74b32bdf944c57e808beb0182791c67b65e917c42304705c903171",
"wss://relay.mostr.pub"
],
[
"e",
"2b600545cfac7b5723d6b3239135d618fd879810fcc8ee6612f7138e881402c4",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://poa.st/objects/267a4d8a-9006-4235-a660-174d083bb7a4",
"activitypub"
]
],
"content": "90% of all products sold in a grocery store are produced by 6 companies. \n\nThe S\u0026P 500 all have the same top 3 share holders:\n-BlackRock\n-Vanguard\n-State street\n\nThis is not Capitalism at work. It's something else.",
"sig": "f5c147cc5c29c92bf5e765554bd44f9abf09c1f3f69b65478faa73069dec4a559142b01a2683d66fa453e8fa1fed99eccb5d1642d457e8384061473204c5c282"
}
