by: John Clore | 3/7/2025 at 7:07 AM
In a massive $22.8 billion deal, BlackRock, one of the world’s largest financial corporations, has taken control of two key ports on both sides of the Panama Canal. This deal raises concerns about corporate control over global trade and how powerful companies are influencing world politics.
Who Did BlackRock Buy the Ports From?
BlackRock and its partners, Global Infrastructure Partners and Terminal Investment Limited, bought the ports from CK Hutchison Holdings, a company based in Hong Kong, China.
The two ports, Balboa and Cristobal, are the main entry and exit points for ships passing through the Panama Canal, which is one of the most important trade routes in the world.
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Conclusion: Who Really Benefits?
BlackRock’s purchase of the Panama Canal ports is another example of big corporations controlling global trade. While China is losing influence in Panama, this deal raises new concerns about U.S. corporate dominance.
Instead of benefiting the people of Panama, this move will likely help corporate investors and politicians who have ties to BlackRock.
Why Is This a Big Deal?
This is not just about Panama. The deal includes 43 ports across 23 countries, meaning BlackRock now has enormous power over global shipping routes. This level of control by a single corporation is worrying because:
- It gives BlackRock too much influence over global trade.
- It puts Panama’s national interests at risk.
- It allows private corporations to shape international politics.
Is BlackRock Too Powerful?
BlackRock controls over $11 trillion in assets, making it one of the most powerful companies in the world. By buying these ports, it is expanding its influence beyond finance and into global infrastructure.
Many experts worry that corporate giants like BlackRock should not have so much control over public resources. The Panama Canal is a critical trade route, and giving a private company this much power could be risky for global stability.
What Does This Mean for Panama?
While Panama still owns the canal, its key ports are now controlled by a foreign corporation. This raises concerns about:
- Loss of national control over its own trade routes.
- Increased U.S. corporate influence in the country.
- Higher costs for ships passing through the canal, since BlackRock will want to make profits.
Conclusion: Who Really Benefits?
BlackRock’s purchase of the Panama Canal ports is another example of big corporations controlling global trade. While China is losing influence in Panama, this deal raises new concerns about U.S. corporate dominance.
Instead of benefiting the people of Panama, this move will likely help corporate investors and politicians who have ties to BlackRock.
