BlackRock is trying to buy up electric utilities in US states. It hopes to profit by increasing electricity bills for customers.
https://minnesotareformer.com/2025/08/19/blackrocks-bid-for-minnesota-power-worries-consumer-advocates/
Posted by yogthos
7 Comments
Fantastic
Investor owned utilities are a blight on us all, so nationalize the greedy bastards. Electricity and heat are basic essentials.
So more rent seeking.
Probably because most utilities are already a monopoly
But the admin says that the crazy rate hikes the last 6 months are because of solar and wind…
This insatiable greed seems to be proving marx’s predictions on latestage capitalism more and more
Hey let’s don’t let them do this legally. That was easy.