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https://theconversation.com/no-blackrock-is-not-leading-a-marxist-assault-on-capitalism-203042>
"Five years ago it would have been unimaginable, but today there is a global
movement convinced the world’s largest corporations are engaging in stealth
warfare to transform liberal democracies into neo-communist dictatorships.
At the heart of this corporate-led Marxist revolution, apparently, is the trend
towards businesses not just focusing on profit maximisation but taking into
account environmental, social and governance responsibilities (called ESG for
short).
According to ESG opponents this is putting democracy on a downhill road to
socialism – or worse.
Purportedly central to this sinister plan is United States company BlackRock
and its chief executive, Larry Fink. BlackRock is the world’s biggest funds
manager, overseeing more than US$10 trillion in investments on behalf of
clients such as superannuation funds. Fink is paid more than US$30 million a
year, and his wealth is estimated to be more than US$1 billion.
You might think this would make Fink a very unlikely champion of destroying
capitalism. But due to his support for ESG – particularly for business taking
action on climate change – he’s been accused of advancing a form of “corporate
socialism”, with ESG criticised as “socialism in sheep’s clothing”."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
