> And the finance industry isn’t even that rich. Johnson & Johnson is bigger than any bank in the world, why aren’t the rich and powerful in the pocket of Big Band-Aid?
Well, no. Maybe by market cap, but that isn't the important metric here. Power consists of what is controlled and stewarded, not just what is owned.
JnJ controls billions of dollars of capital. The largest banks control trillions of dollars of capital, each.
JnJ is core infrastructure for healthcare; banks are core infrastructure for everything that exists in the capitalist fabric of society.
Banks may not be that wealthy by ownership, but this isn't really the right lens for critically examining how much power they wield compared to other industries.
EDIT: To whoever downvoted me: this comment isn't a defense of finance. It's a statement of fact refuting one of the author's points.