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Corrupted Competitive Cannibalistic Capitalism’s Delusions at the End of the UNITED STATES OF AMERICA’S IMPERIALIST, COLONIALIST, AND EUGENICIST WAYS.
Corrupted Competitive Cannibalistic Capitalism's Delusions at the End of the UNITED STATES OF AMERICA'S IMPERIALIST, COLONIALIST, AND EUGENICIST WAYS.
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"[Elon Musk called it a scam that’s been “weaponized by phony social justice warriors.” His former Paypal pal, Peter Thiel helped bankroll the founding of a self-proclaimed anti-ESG asset management firm called Strive that invests heavily in fossil fuel companies. The new firm is looking to counter BlackRock—not in size (the latter has a whopping $8 trillion in assets under management), but in its philosophical outlook. BlackRock’s chief executive, Larry Fink is among those who get a lot of credit for helping kick off the "stakeholder" or "conscious" capitalism craze among CEOs. In his surprising 2018 annual letter to the heads of companies BlackRock invests in, Fink wrote that companies must look to benefit not only their shareholders, but stakeholders—including employees, customers, and the communities where they operate.
“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” he wrote.
Now Fink is under fire too. In November, Florida said it was pulling back $2 billion it had invested with BlackRock, over objections to the firm’s ESG philosophy. West Virginia, Missouri, and Louisiana have also taken back…