Submission: “I think there is a case that the largest investment firms hold a monopoly over the industry.”

To the editors,

I think there is a case that the largest investment firms, Blackrock for example, hold a monopoly over the industry. The Trump administration has solid grounds to charge them with anti-trust violations.

Matt Gaetz seems ready to pursue the monopoly investigations of Big Tech. Blackrock, State Street, and Vanguard have a monopoly over pensions, 401(k) plans, and money management. There may be a case that indexing has created a monopoly on investment management: whatever the best case would be in a courtroom.

If a motive is needed, it would be their close alignment with the CCP.

All my best, 

A reader