Posted on 09/26/2021 5:49:00 AM PDT by MtnClimber
There used to be a name for a political system in which giant companies joined with governments to force political change on a populace without necessarily going through the mechanism of representative government.
I doubt that we'll see a lot of leftists protesting against Wall Street titans bullying local governments now that the most powerful capitalist entities are joining to progressive racial agenda. Some Wall Street bullying is more equal than other bullying, it would seem. But this article from Bloomberg (hat tip: Ed Lasky) gives me the willies:
Some of Wall Street's biggest buyers of America's state and local government bonds are starting to ask questions about racial equity. Five investment giants — BlackRock Inc., Goldman Sachs Asset Management, Lord, Abbett & Co., Morgan Stanley Investment Management and Vanguard Group Inc. — are working with two minority-owned underwriters, Loop Capital Markets and Siebert Williams Shank & Co., to develop and distribute a questionnaire that governments will be asked to fill out before new bond deals are arranged. It will ask about policing policies, efforts to combat race-based inequality, social services and the demographic breakdown of the government's workforce, among other things. "The pandemic has brought up the broad range of inequity in our society and it's important to understand how everyone is working on that," said Daniel Solender, head of municipal bonds at Lord, Abbett, which manages about $36 billion of the securities.
(Excerpt) Read more at americanthinker.com ...
It didn’t work out so well for old Benito.
The Ceaucescu remedy.
They should ask the Citizens like me, I am doing my part and have been and will continue to avoid Any and All Business or Personal dealings with Non White Minorities, especially black ones, in an effort to Prevent any of my White Privilege or White Supremacist traits like Working hard, paying my bills, taking care of my family and not causing injury or harm to others, and especially not depending on others to provide my daily subsistence.... I refuse to be blamed for corrupting thier minds and souls with my values of God, Country and Family.
There aren’t enough lamp posts in all of the US...
This has the smell of Obama and his minions work. Just another Al Sharpton shake down.
That's the least of it. They hope to escape being the targets of (unconstitutional but ubiquitous) Federal investigations into anything and everything in their corporations, scheduled to last until bankruptcy and jail.
Go along to stay in business. Lead the charge to become the trusties of the jailers right now.
Let’s be fair. Hitler solved the Weimar inflationary cycle, and the trains still ran on time.
This whole thing is ludicrous on its face. Wall Street pressuring city governments to pursue a SJW agenda is like the KKK pressuring BLM to put more black people in leadership positions.
It won’t be just government bonds. People are going to get hit with this too. Instead of your good old fashioned credit score, a new type of score will be added for you to be judged on.
ESG score
Environmental (better be green)
Social (as in social justice)
Government (better lean left)
Merrill Lynch and other are already implementing this. It’s the same thing as China’s Social Score but with the green thing and CRT added.
Man, yes.
This is what happens when you don’t have an opposition party. The political battlefield is wide open and the left is taking invading it all.
Fascism is fascism, no matter how western, no matter how well-dressed.
It has not ever worked for any one or any group.
It’s unnatural and unworkable.
Right-they’re the same people behind the 2008 manufacured crisis that coincided with the Liberals’ sham to get “O’Bozo’ past the smell test!
Didn’t know this.
Thx!
https://www.theblaze.com/shows/the-glenn-beck-program/merrill-lynch-esg-score
https://www.investmentnews.com/merrill-edge-adds-esg-scores-to-client-dashboard-73417
https://www.citizensjournal.us/esg-scores/
Fascism anyone?
“...mechanism of representative government. “
—
Off topic but do we really have a “representative” form of government anymore?
Who do the members of congress represent, the citizens or special interest groups that pay them money?
Race-based inequality
If you want something earn it blame and the race card are not the tools for winning.
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