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An Independent Archive · Established 2025
The Manifest Archive
By Jerry
Publication · Chapters

Governance Infrastructure

Who Owns BlackRock? The Banks Sold Out. The Index Funds Moved In.
№ 1

Who Owns BlackRock? The Banks Sold Out. The Index Funds Moved In.

BlackRock has no controlling shareholder. Its own client funds appear among its largest reported holders, and the rules governing how those shares are voted reveal a deeper question about who exercises power on behalf of investors.

Oct 10, 2026 23 min read
BlackRock: No Beneficial Ownership. Systemic Governance Capacity.
№ 2

BlackRock: No Beneficial Ownership. Systemic Governance Capacity.

How Aladdin and proxy voting at 16,000 meetings assembled governance without beneficial ownership. Designed in parts. Emergent as a whole.

Jul 20, 2026 32 min read
Everyone Is Watching the Weight-Loss Drugs. Nobody Is Watching the Pen That Decides Who Gets Them.
№ 3

Everyone Is Watching the Weight-Loss Drugs. Nobody Is Watching the Pen That Decides Who Gets Them.

The most wanted medicine in the world was never the scarce thing. The device it ships inside was. And the same bottleneck decides who gets the next vaccine.

Jun 6, 2026 18 min read