Three companies control a piece of nearly everything. Should you worry?

BlackRock, Vanguard and State Street hold colossal sway over some of the biggest companies on Wall Street.

‘Control of most public companies – that is, the wealthiest organisations in the world, with more revenue than most states – will soon be concentrated in the hands of a dozen or fewer people.’

As journalist David Dayen has argued, this increasing market concentration reduces consumer choice, raises prices and most likely harms workers.

Source: Three companies control a piece of nearly everything. Should you worry?

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