In-Depth: Blackrock Sits At The Apex Of The Deep State, Holding Unfathomable Power To Reshape The Global Economy

In-Depth: Blackrock Sits At The Apex Of The Deep State, Holding Unfathomable Power To Reshape The Global Economy

Alex Newman

Despite what you may have heard, it is about much more than “money.” It always has been. 

Behind the scenes, quietly, there is a vast power responsible for pushing all this “woke” corporate fanaticism. It has a name: BlackRock. The world’s largest asset manager, the corporate giant has an estimated $10 trillion under management. For perspective, that is more than the gross domestic product (GDP) of every country on the planet except the United States and Communist China. When the overlord of it all orders lesser mortals running Fortune 500 companies to jump in his annual “letter to CEOs,” business leaders around the world stand at attention and ask, “How high, sir?”

Journalist Matt Taibbi famously referred to Goldman Sachs in a 2010 Rolling Stone article as a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” But as the largest stakeholder in the great vampire squid from hell, BlackRock, while less well known than its diabolical cephalopod minion, is now orders of magnitude more important in both business and politics. It is the Grand Poohbah of all the vampire squids, to borrow Taibbi’s language.      

The power of this corporate leviathan is unfathomable. It owns more than five percent of most S&P 500 companies, according to CNBC. And its tentacles extend to every corner of the global economy. In fact, along with State Street and Vanguard, BlackRock is among the largest stakeholders in most of the major companies you can name. It frequently is the largest stakeholder in companies that compete against each other, too.

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