Stocks and investing can be very complicated and/or risky (by design)
401k's are a great way to save and invest for retirement.
Firms like BlackRock "remove the complexity" so millions give them their money to manage.
With all that capitol and power, BlackRock has leverage to force companies to tow the line.
The actual owners of most of the money get NO say.
This allows bankers to utterly ruin the economy, and it will never affect them. They just push global agendas and rake in the dough.
The only alternative is for people to invest and mange their own money (which they often don't have the time or knowledge to do), while also losing out on any matching the employer makes.
Thus to resist this, you have to actively hurt yourself financially (either by losing employer matching, or spending a lot of time educating yourself about investing)
Knowledge is power.
Simplify investment.
Enforce fraud and RICO laws....