For example, take the Vanguard Group. It’s the world’s largest mutual fund company. Corporations, smaller funds, and individuals place their money into the pot, and Vanguard takes it wherever it wants to go.
With 14,000 employees in offices in the US, Europe, and Asia, Vanguard manages $2 trillion in assets.
At the moment, it’s the biggest shareholder in Monsanto, the biggest in Halliburton, the second biggest in Facebook, the third biggest in Whole Foods, the second biggest in Hain Celestial Foods, and the biggest shareholder in the largest defense corporation in America, Lockheed Martin.
Ready for a little head-spinning whiplash? To get a more personal glimpse of the inter-connected spider web of investment funding, here are a few Dick Cheney connections that Maggie Burns, writing in The Progressive Populist (2003), pointed out. Then I’ll add my own.