Not limited to the Waltons…
The largest institutional shareholders of Walmart include:
Bank of America
And other of the largest money-management firms, whom operate collaboratively, forming virtual monopolies among the largest “competing” corporations in most every single industry.
(source = morningstar)
Many of these same firms are also among the largest institutional shareholders of Amazon, CostCo, and other of the largest “competing” retailers.
These firms support the billionaires (via large investments) that run the corporations that are destroying freedom in the U.S., via special interest legislation.
These firms are also the largest owners of the largest “competing” defense contractors (including Boeing, Lockheed Martin, Raytheon, General Dynamics, etc.), the largest “competing” tech firms (including Apple, Alphabet, Microsoft, Facebook, Twitter, Netflix, etc.), the largest “competing” telecoms (including AT&T and Verizon), the six largest “competing” U.S. banks, the six largest “competing” U.S. airlines, the largest “competing” insurance companies, the largest “competing” energy & utility companies, the largest “competing” firms in most every single industry.
• Corporations owned by these firms are among the largest political campaign donors, to both the “left” and “right” (including “Libertarians” and “Progressives”).
• Corporations owned by these firms are among the largest spenders on lobbying, to both the “left” and “right”.
• Corporations owned by these firms are among the largest recipients of the over $110 BILLION in annual government corporate subsidies.
These firms are the architects of the new American Planned Market Economy (that is, “capitalism” for only the elite).
These firms represent crony capitalism in it most perverse form.
Regardless whether “Democrap” or “Republicant”, the same ultra-wealthy continue to gain ever more wealth, the same ultra-powerful continue to gain ever more power.
Meanwhile, the rest of us continue to lose pace to highly under-reported inflation, as we continue to lose ever more rights, freedoms, liberties, and justice.
This is one of the constructs of the neo-feudal American economic model.
IT’S TIME FOR “WE, THE PEOPLE” TO RECLAIM THE U.S. GOVERNMENT FROM THESE NEO-FEUDAL LORDS.
“If we should find ourselves beholden to some other, imagined authority, this can only mean that we have constructed the conditions of our own servitude”.