Neo-feudalism: G7 supports BlackRock buying up world's infrastructure, to make rich even richer

from Geopolitical Economy Report · host Ben Norton

Western governments invited billionaire BlackRock CEO Larry Fink to the G7 summit in Italy to speak about "public-private partnerships" and why oligarchs should buy up global infrastructure (to compete with China's state-led Belt and Road Initiative). Ben Norton discusses how capitalism is becoming so extremely monopolized and unequal that it is devolving into neo-feudalism. (One correction: At 26:17, I meant to say "over 90%", well above 60%.) VIDEO: https://www.youtube.com/watch?v=88VU1JjmEps How Wall Street buys US elections: Blackstone funds Trump, BlackRock backs Biden: https://www.youtube.com/watch?v=ZJaJ4BST6Nc Topics 0:00 Global inequality 0:56 G7 summit in Italy 1:57 BlackRock CEO invited to G7 summit 2:32 What is BlackRock? 4:45 PGI: US' corporate alternative to China's Belt & Road 7:50 (Clip) BlackRock CEO Larry Fink speaks at G7 summit 8:44 Wall Street vulture funds 10:51 BlackRock buys up infrastructure 14:40 BlackRock buys Malaysia's airports 15:34 BlackRock veterans run Biden's Treasury 16:00 Blackstone CEO funds Trump campaign 17:53 Investment companies buy up houses 18:40 BlackRock runs world's largest Bitcoin fund 19:58 Privatization of infrastructure 23:34 WEF: "You'll own nothing. And you'll be happy" 25:56 Home ownership under socialism vs. capitalism 26:17 Correction: over 90%* (I misspoke) 26:21 Home ownership under socialism vs. capitalism 28:38 World Economic Forum 29:33 Return on capital exceeds economic growth 31:20 Outro

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This episode was published on June 15, 2024.

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