The corporate world has been manipulated for the past number of years by several hugely wealthy investment companies. They are Blackrock, Vanguard, and State Street. They manage assets worth $22 trillion worldwide, amounting to a quarter of the Global GDP (Gross Domestic Product).
These powerful investment companies control corporations by requiring them to sacrifice profits in favour of liberal causes such as gender dysphoria, diversity, inclusion, equity, eliminating fossil fuel energy, homosexuality, transgenderism, abortion – all liberal lunacies which are referred to as ESG policies (Environmental, Social and
Government principles). These issues, incorporated in a company’s work, are assessed by the investment companies, and corporations must have a good score in order to be regarded as a corporation worthy of investment. Poor performances by corporations can have severe consequences, including penalties, public shaming, a prohibition to operate, and even dismissal of CEOs and executives, who are presumably responsible for breaches of the ESG policy.
Shock Wave for the Corporate World
The ESG policy implementation was seemingly working superbly until something shocking occurred. The shocking event was the bankruptcy in April 2023 of the Silicon Valley Bank and the similar Signature Bank – both of which had a clean bill of health for ESG just weeks before their collapse. These banks were unable to sustain themselves under ESG demands, losing millions of dollars and thousands of employees. Suddenly, CEOs and corporate executives understood that their positions and their corporations were no longer secured by pushing ESG policies. In just weeks after the Silicon Valley Bank disaster, many corporations departed the ESG train.
In June, Elon Musk of Tesla Electronic Vehicle fame and owner of Twitter, declared ESG as “the devil”. The insurance behemoth, Lloyds of London, announced its departure from ESG, as did six other insurers within a week. Even the British Government announced its plans to drop its ESG demanded climate pledge, to the intense fury of the influential left wing UK newspaper, the Guardian, which impotently raged over this decision.
Due to this furor, Blackrock recently assigned extra security measures for its CEO Larry Fink and President Robert Kapito.
These powerful investment companies, directing traffic to implement ESG policies, know that their power and influence are breaking down, an occurrence that is long overdue.