The Global Silent Cartel: How Three Firms Secretly Own the World’s Economy

The public believes in free markets and shareholder democracy. The reality is a system where three American firms hold the levers of power in boardrooms from New York to London to Tokyo.

If you asked the average person who owns the world’s major corporations, they might picture a diverse global pool of shareholders. This is a delusion. The modern capitalist system is built on a startlingly concentrated foundation, one that remains almost entirely invisible to the public: the global dominance of three asset management firms—BlackRock, Va…