How Wall Street buys US elections: Blackstone funds Trump, BlackRock backs Biden

from Geopolitical Economy Report · host Ben Norton

While BlackRock veterans run Joe Biden's Treasury, Donald Trump's presidential campaign is financed by Wall Street's highest-paid CEO, of Blackstone, the world's largest commercial landlord. Ben Norton explains how Wall Street investment companies, asset managers, and banks essentially buy US elections. VIDEO: https://youtube.com/watch?v=ZJaJ4BST6Nc Check out our related video - "How the dollar's 'exorbitant privilege' enriches the USA (and global elites)": https://youtube.com/watch?v=jYkiMcR1Rj8 TOPICS 0:00 Wall Street always wins US elections 0:57 Blackstone CEO funds Trump 2:58 BlackRock backs Biden 3:48 BlackRock vs Blackstone - What's the difference? 7:30 Wall Street's highest paid CEO, Stephen Schwarzman 10:15 Oil & gas industry moguls fund Trump 10:53 Fossil fuel profits tripled under Biden 13:15 Oligarchs back fellow billionaire Trump 15:14 Biden promised: "Nothing would fundamentally change" 15:54 10% of Americans own 93% of stocks & 67% of all wealth 17:23 USA is not a democracy; it's an oligarchy 18:43 Wall Street funded Barack Obama 19:20 Wall Street funded Mitt Romney 20:07 US government represents Wall Street 21:54 BlackRock veterans run Biden's Treasury 25:08 Goldman Sachs veterans ran Trump's Treasury 27:16 Blackstone: the largest landlord in the US (& on Earth) 30:53 De-industrialization & financialization 32:25 Private equity destroyed Toys“R”Us 33:11 Private equity firms buy up retirement homes, hospitals, vets 34:53 2008 crisis & subprime mortgages 37:22 Financial parasites 38:39 Outro

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This episode was published on May 30, 2024.

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