rusty_shackleford wrote: ↑
May 14th, 2024, 19:28
This is effectively the same argument the game journos make: "if you're so rich, why do you keep firing developers REEEE"
Because corporations like blackcock only care about money. Fink is a moneyjew, he's acquiring his dragon's hoard.
It's more about societal destruction and control. The money flows in afterwards and via other means as that's happening.
If they 'only' cared about money, they'd be investing in whatever makes money, and not throttling only to companies that bow to ESG.
And like I said it's not just Blackrock and the private firms, it's all those that handle your tax & pension investments, which is a LOT of money only being thrown into certain pots.
They ONLY give it to funds that pledge ESG compliance, and those funds then only invest in companies that do the same. These are audited to make sure they're doing what they say.
The "money making" companies (regardless of ESG or not) are then invested in privately, rather than via the funds, however this is in much smaller amounts. This is why you see one or two projects make "just enough" profit (to give a few mil back to the moneybag ****), but industries as a whole die and/or become corrupted.
Blackrock itself is a red herring, this is much, much much bigger than that. We're talking YOUR money here, not just the private "investors".