Tuesday, October 3, 2023

Experts Claim Blackrock’s ESG Framework Akin to China’s Social Credit System

'You have to force behavior. And at BlackRock, we are forcing behaviors...'

(Molly Bruns, Headline USA) As BlackRock redoubles its brazen efforts to foist the ESG movement onto unwilling businesses and consumers, controversial 2017 comments about “forcing change” from CEO Larry Fink resurfacedin a viral video Sunday.

Fink openly gloated about the strategy during the 2017 New York Times DealBook conference, during then-President Donald Trump’s first year in office.

“Well, behaviors are going to have to change, and this is one thing we’re asking companies,” he said.

“You have to force behaviors,” he continued. “And at BlackRock, we are forcing behaviors.”

While its macro-scale efforts to interfere with the democratic process have since become well documented, Fink revealed that his own company appeared to be modeled after the Chinese Communist Party, demanding that employees adhere to company values in their private lives also.

He explained that BlackRock set up a system to lower employee’s compensation based on their “behaviors” in order to bully them into changing their ways.

The rediscovered clip was retweeted by Sen. J.D. Vance, R-Ohio, who accused the investment giant of “destroying value” and being “engaged in illegal and immoral conduct” over its coercive efforts to force companies to comply with a leftist political agenda or face financial divestment.

According to Breitbart, Vance tweeted out the video as a response to GOP pandering to the world’s largest asset management firm.

Economist and reporter John Carney agreed with Vance in an interview on Fox Business Network’s The Bottom Line, and explained that BlackRock had attempted to retract Fink’s statement.

Carney also compared BlackRock’s corporate ESG scoring structure to China’s social-credit system.

“This is the Chinese social credit system applied at the corporate level to America,”  he said.

“Corporate CEOs feel under pressure to adopt the right environmental, the right social, the right diversity, equity, and inclusion policies—all because one of the biggest investors in the whole world has sent the message to them that this is what they care about,” he added.

Carney further pointed out that the customers BlackRock invested money for had no opportunity to speak out.

“And that’s one of the reasons BlackRock has tried more recently to walk this back—because they realized that they had gotten way out to the left of the American people, and they need the American people,” he said.

“If people say, ‘Wait a minute, I don’t want you pushing this far-left agenda on America, give me my money back’ that will put the company in trouble,” he added.

As for BlackRock employees, there was less hope of them escaping their oppressive regime without finding a new job.

“That’s the system here. It’s not even hypocrisy. It’s one rule. It’s obey the powerful, and that’s what these people are doing,” he said.

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