Davos, Switzerland, where the World Economic Forum (WEF) holds its annual jamboree of vampire squids. Klaus Schwab is out, by the way. He skulked off in a malodorous cloud of embezzlement and sexual irregularities, to be replaced by Larry Fink, CEO of BlackRock, the hedge fund that owns everything in the USA and wants more.
Larry Fink is living proof of the banality of evil, an early pioneer of mortgage-backed securities, which nearly blew up the global banking system in 2008-09, after which he pioneered the wholesale purchasing of foreclosed houses by hedge funds. Neat trick. Cornered the market on all the inventory, so, now, nobody under age-fifty in America can afford to buy a house — but you can rent one from BlackRock!
Larry Fink landed as interim head of the WEF largely because BlackRock has been espousing Klaus Schwab’s ideas about “Stakeholder Capitalism,” which allows global corporations to pretend that they have beneficent “societal purpose” while they go about ass-raping the common folk of Western Civ. Climate change and green new deals top that agenda, along with diversity, equity, and inclusion and additional bullshit about “environment, social, and governance factors” (ESG) in its global strategies portfolio — meaning, mandates for exactly the kind of policies that are destroying Europe’s economies, de-industrialization foremost.
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