Index funds almost never vote with their shares. To say that vanguard having equity ownership without utilizing their voting rights leads to market failures seems incredibly naive.
Sure, until you actually look at the matrices of controlling board / ceo / congress seats these guys hold, and what has been recorded throughout history in what they do when investing...
Its incredibly naive to think that they arent actively affecting prices.
"What are you talking about, these guys are JOB CREATORS! they only invest in index holds!"
Yeah... good luck deciphering whats really happening when you think such.
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I don't give a shit what you think about John Oliver, but his "Corp Consolidation" piece shows you just how these units operate:
By funding of the smaller guys to be bought out by their bigger players... they then control the play of that industry...
Then they ensure that they all buy in-network shit... so all profits stay in the family. Incestuventure Capitalism. (And no its not about "economies at scale on pricing"