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

 

https://youtu.be/88VU1JjmEps?si=gc-yUDl8YpO9pM_o

Geopolitical Economy Report – Ben Norton 15/07/2024

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%", as the chart shows on screen.)

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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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