(John Ransom, Headline USA) Larry Fink—CEO of BlackRock, the largest asset manager in the world—said in a letter to shareholders Thursday that globalization is dead, in part because of the Russia–Ukraine war.
He’s the only person on planet Earth that “Globalization” actually worked for.
The rest of us:
DING DONG THE WITCH IS DEAD THE WITCH IS DEAD THE WITCH IS DEADhttps://t.co/SFmFqw6Dst
— ϕlix 🦊💸⚛️ (@LastmanOnFire) March 24, 2022
“The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” wrote Fink, according to the Epoch Times.
“United in their steadfast commitment to support the Ukrainian people, they launched an ‘economic war’ against Russia,” added Fink about the Western nations now confronting Russia.
Contrary to Fink’s claims, many have sounded the alarm that the conflict, following on the heels of the global pandemic, is being used as a pretense for a globalist “Great Reset,” through which elites hope to establish a hegemonic new-world order where all citizens are treated equally as serfs.
US President Joe Biden suggested as much himself in remarks earlier in the week at the Business Roundtable’s quarterly meeting.
“We are at an inflection point, I believe, in the world economy,” Biden told the gathering of top CEOs.
“… Now is the time when things are shifting,” he continued. “There’s going to be a new world order out there, we’ve got to lead it, and we’ve got to unite the rest of the free world while doing it.”
Fink’s comments also stand in contrast to his action on China, a country that he has been accused of funneling billions of dollars toward.
As it seeks to capitalize on US weakness to strengthen its own global sphere of influence, China has allied itself with Russian President Vladimir Putin and stayed notably mum on the Ukraine invasion while defending Russia’s claims to the disputed territory.
Fink, who oversees a portfolio of $10 trillion, has divested BlackRock of any Russian assets, said CNBC.
Russia’s entire economy has an annual GDP of about $1.5 trillion according to data by the World Bank.
The end of globalization, of course, would put at least a hold on the dreams of people like Fink who dream of a one-world government managed by folks like the World Economic Forum, which has recently recommended the world start eating bugs to combat inflation and climate change.
“It has left many communities and people feeling isolated and looking inward,” Fink said about the Russian war, seemingly having missed the dislocations the Chinese communist-caused Covid pandemic created in the world. “I believe this has exacerbated the polarization and extremist behavior we are seeing across society today.”
Fink has said that BlackRock remains committed to denying Russia’s tiny economy, the investment capital managed by his investment company, said CNBC.
In September, Fink was blasted by business leaders for tripling the amount of investment the company has in China while launching new products for investors in the middle kingdom, said the Wall Street Journal.
“The Chinese market represents a significant opportunity to help meet the long-term goals of investors in China and internationally,” he said.
Headline USA’s Ben Sellers contributed to this report.
