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

Geopolitical Economy Report

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