Last time I checked, the definition of capitalism didn't include colluding with politicians to drive capital away from activities you don't like at the expense of the lower and middle classes. But what do I know, I'm not super smart like Larry Fink.
Wall Street Journal (2/6/22) op-ed: "‘Stakeholder capitalism is not about politics. . . . It is capitalism.' Or so BlackRock CEO Larry Fink claimed in his annual letter to America’s CEOs last month, in which he called on corporate chiefs to stay true to their own companies’ 'purpose.' 'If stakeholder capitalism is capitalism, as Mr. Fink says, then the public deserves to know why he’s so adamant on drawing the distinction. He should be honest about whether he wants BlackRock’s portfolio companies to pursue their own corporate purposes or the purposes that BlackRock favors. Mr. Fink concludes the opening remarks of his annual letter by bemoaning the “erosion of trust in traditional institutions,' without offering any explanation for why that trust has waned. He would do well to consider the growing gulf between what the world’s most influential business leaders say and what they actually mean.'"
|
|
|
|
|
|
"For the last 2 decades Europe has destroyed its ability to produce and import energy from fossil fuels and nuclear—on the promise that unreliable solar and wind could replace them. But after trillions in subsidies, it’s clear that they have failed."
– Alex Epstein,
Energy Talking Points
|
|
|
|
|
|
