I’m actually not sure of the year the movie was released – I think it was 2014, but I see resources that say 2016 and 2017 as well.
A very good movie! It’s a documentary that is not boring, because it has good, interesting visuals. Additionally, and much more importantly, it addresses some issues that are important, to the point of being critical. Is the world really run by a handful of super-wealthy persons? Watch this movie to have another perspective on the topic!
I like the ending, as well. Even in technology and (separately) in corporate aggression, the goal is never the goal, whatever it might be. The eventual outcome of a process is not all that important – even when chasing the eventual outcome of the said process (but perhaps this is a topic for a different, much lengthier, discussion).
Somewhat related to the most recent US elections, I’ve been researching the whole “white working class” situation, and one strange anomaly has popped up.
When one looks at a graph of productivity (for the US) vs real wages, there is a marked “disturbance in the force” around 1974.
The premise is this: Not only small brands are owned by large umbrella corporations (Unilever owns 400 brands, Nestle owns 2000 brands), and large companies deeply penetrate our lives (you drive your apple car to the apple store to buy some apples with apple pay that you access through your apple watch while listening to iTunes on your iPhone), all of them are largely owned by institutional investors, of which just a handful hold the majority voting rights. Effectively Blackrock, Vanguard, and State Street hold voting rights (and therefore control) of near everything that exists under the sun. Agriculture, manufacture, logistics, communications, defense, everything. So it is concerning and… is currently the state of the art of things. What conclusions can be drawn from this? What action should be taken, if any?
I should also add, that nowadays I believe it’s money that is the biggest power, followed by the military. Military is not the biggest power because although it could have the final say, it almost never does, in day-to-day operations. It’s job is just to sit there, as a detriment. Money runs the world. It sounds trivially obvious. And of course a successful asset manager / fund will strive to absorb / internalize competitors and monopolize the market. It’s obviously rational in the game that is corporate survival. And it’s happening now.