Larry Fink has an appropriate name. He sucks up to China while trying to destroy our domestic energy production. He is a true traitor to the country that made him wealthy, and he has shown that he cannot be trusted with any level of power over other people.
Ye is right, another one of my fellow Jews running America down.
Diversity in certain things is much overrated. Wrongly applied diversity is counterproductive.
In economics, there are only a very few roads that lead to growth and prosperity, and every one of them leads through some form of capitalism. In social associations, there are the paths that lead to personal growth, to a benign situation, or to highly toxic environments. In governance, the range is from various forms of command-and-control, to a structured and limited form, and in complete degeneration, anarchy, collapse of all efforts to establish order and some kind of predictability.
Trying to apply the ESG formula to daily transactions in the marketplace is trying to force conformity onto a paradigm that is not capable of staying within strictures and arbitrary rules. In the give-and-take of business negotiations, sometimes rather large exceptions and allowances have to be made, determined by constraints of time, available resources and willingness to negotiate.
The ESG framework does not make room for these exceptions and allowances.
I’m a mere retail investor, but have recently switched as many as my investments as possible away from Blackrock, including my 401k. If you hold any iShares ETF, you are invested with Blackrock.
Vanguard (most funds start with V) and State Street (SPDR) are also woke, but Blackrock leads the charge in evangelizing leftist nonsense to Big Business.
For less woke, go with Schwab. They recently began offering an ESG ETF, but Schwab doesn’t appear to be actively preaching the gospel of Marx. They generally stay out of politics.
For actively anti-woke, go with Strive, a new company that says politics should stay out of investing. I have moved my S&P 500 index investments over to them.