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
