Why has everything gone woke these days? ESG scores.
Here is BlackRock CEO Larry Fink along with the CEO of AmEx explaining his desire to “force behaviors” (2017): pic.twitter.com/wCoeoJBD8x
— End Wokeness (@EndWokeness) June 4, 2023
If you don’t recognize the megalomaniac in the $10,000 suit talking about the need to “force behaviors” that’s Laurence Fink, the CEO of BlackRock — yes, the same Fink who gave Zelensky “pro bono” advice shortly before our most costly dependent developed the “patronage” scheme to auction off Ukraine to the highest bidder — and he’s loving his role as the “moral” kingpin. The little guy never knows what is best, even that which is in his own interest; thank goodness for the extravagantly wealthy leftist altruists! …
In the clip above Fink is, of course, talking about environmental, social, and corporate governance (ESG), and BlackRock’s commitment in particular to the “social” aspect of this new business model. Fink highlights “gender” and “race” and notes that if a company fails to create a “diverse…team” there will be an “impact” even in terms of “compensation”.
Translation: If you don’t meet the “woke” goals, you’ll take a financial hit.
[After the Bud Light and Target fiascos, however, it’s clear that wokeness creates its own financial hits, depending on one’s customer base. In a broader sense, this tends to underscore my pleas for conservatives to take anti-trust considerations seriously. As the markets consolidate, more economic power flows into fewer hands — and economic power becomes political power very quickly. — Ed]
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