BlackRock accused of contributing to climate and human rights abuses
Posted by Portalrules123@reddit | collapse | View on Reddit | 62 comments
Posted by Portalrules123@reddit | collapse | View on Reddit | 62 comments
BTRCguy@reddit
Let me ask what should be an obvious question. Given that:
Is it possible to manage that much in assets without contributing to climate and human rights abuses?
B4SSF4C3@reddit
It’s impossible to run an S&P500 index ETF without contributing to all of the above and more. That’s how index funds work. They buy everything. The only decisions made is how best to track an index. There’s never the choice of whether to buy a name in the index or not: they must - they are legally obligated to.
nullcore@reddit
At that point, they're not so much contributing, as they are spearheading.
Comfortable-Eye-8391@reddit
We actually call it corporate synergetic vertically integrated bullshit. You aren't part of the industry so you wouldn't get it.
Ok_Impression5805@reddit
Guess they weren't content with just ruining housing affordability, had to go supervillain level
B4SSF4C3@reddit
That’s Blackstone, not Blackrock. Blackstone wasn’t even the largest, although they got the publicity.
B4SSF4C3@reddit
ITT: people that don’t understand how index funds work.
Comfortable-Eye-8391@reddit
I'm reposting this anytime BlackRock gets mentioned -
In October of this year, just weeks before the election, CEO Larry Finch told an audience that he couldn't care less who wins the elections because global markets won't be meaningfully impacted.
Larry and friends aren't concerned with the silly games we play every 4 years. BlackRock is the largest asset manager on the planet.
Wall Street wins every election.
LivefromPhoenix@reddit
Hope the global trade war Trump starts hits the smug pricks right in the pocketbook.
B4SSF4C3@reddit
It’s your parents retirement pocketbook that gets hit. Blackrock gets paid their fee regardless.
EuphoricUniverse@reddit
Bitcoin lover Larry Fink is Donald Trump’s pick for US Treasury Secretary
(August 2024)
https://www.msn.com/en-us/money/markets/bitcoin-lover-larry-fink-is-donald-trump-s-pick-for-us-treasury-secretary/ar-BB1qmPsz
Comfortable-Eye-8391@reddit
That's fine. That's totally fine.
CHECK PLEASE
EuphoricUniverse@reddit
Five years ago:
https://youtu.be/-LHXJ9cacwA?si=yhCOszk3nWFT3-CA
Comfortable-Eye-8391@reddit
Wut, you don't fw fink??
EuphoricUniverse@reddit
How Elites Will Collapse Like Rome: BlackRock...
https://youtu.be/s7pSoM2mEnw?si=UjWQ0Ywu9P9mG4WO
Comfortable-Eye-8391@reddit
The 2 trillion dollars he plans to cut from the national budget won't be coming from their coffers.
LivefromPhoenix@reddit
Not directly but the overall decrease in economic activity will still hurt. But its a moot point, fiscal conservatism is dead and republicans won't be making any serious cuts to the budget.
dahjay@reddit
They're pricks too. A very arrogant group who think they know everything.
Comfortable-Eye-8391@reddit
They do know everything. I suspect they have more relevant intel than the CIA or Mossad. This is the information age.
bill_lite@reddit
And they know we will keep buying their useless shit...
B4SSF4C3@reddit
Blackrock doesn’t make anything
0verdue22@reddit
useless? they're invested in every single company that matters. go and look for yourself - name an important company that is publicly traded, then go see who their top institutional investors are. odds are blackrock is in the top three, in almost every case. not defending them here, it's obvious they're the bad guys, but...
Alarming_Award5575@reddit
Spot on. They are acquiring everything that matters.
rematar@reddit
I don't think it will matter when the bubble pops.
It's like a kid playing monopoly with money from multiple game sets tucked into their underpants. Once they have a true monopoly, the other players are no longer able to participate, and the paper money becomes worthless.
CynicallyCyn@reddit
The Illusion of choice
breinbanaan@reddit
Please read the "finkle is einhorn dd on the super(s)tonk library of DD. I cannot link it here but the information being shown about blackrock's reach will blow your mind. Anyone interested that can't find the source dm me.
Absolute-Nobody0079@reddit
Regarding UAPs, too?
Due_Recording_6259@reddit
Thinking about UAPs whatsoever is the biggest waste of time and energy ever, thats why it’s been in the media so much. More distraction slop for the masses!
Praxistor@reddit
unless you've seen one up close, which i have.
it was back in the early 90s, my friend and i were walking home late one night from work and it flew right overhead. only about 100' up or so, flew rather slowly. it was a huge disk with lights around the edges.
we watched it for several seconds, then it took off straight up faster than a bullet and disappeared into space.
anyone who does due diligence on this subject knows it's legit. you sir are just another a low-information rube
Absolute-Nobody0079@reddit
Why not. Seems like the world needs some good chaos to change and whatever helps helps.
rematar@reddit
https://psyche.co/ideas/ufo-belief-is-a-modern-outlet-for-ancient-spiritual-yearnings
Comfortable-Eye-8391@reddit
Said the alien... jk
Unless...??
Eve_O@reddit
It's disappointing to realize that the all seeing eye of the Illuminati is only a small group of people who steer and exploit the trade of money, goods, and services.
There's no magic, no gods, no grand design: merely avarice twisting annually through quarters and projections.
YamburglarHelper@reddit
His name is Fink? Reality can’t be real
Alarming_Award5575@reddit
He's rivaled only by dick fuld.
I didn't make that up.
LordTuranian@reddit
It's terrifying to live in a world where a company is so powerful, they see elections and what governments do as flies buzzing around them...
GalacticCrescent@reddit
To the surprise of...someone I guess?
Hinin@reddit
oh no ! capitalism is trash... again !
zactbh@reddit
These fuckers the reason why I'll never be able to afford a home in the country I grew up in 🇨🇦
Alarming_Award5575@reddit
Blackrock? Inconceivable.
-Planet-@reddit
no.way.
ccasey@reddit
As a wise man once titled his book, “it’s ok to be angry about capitalism”
ieatsomuchasss@reddit
Rain accused of falling.
Steven_Seagull815@reddit
If there is an investigation, they're just going to investigate themselves and then come out and say that there's nothing to see. Nothing changes. Ever.
EuphoricUniverse@reddit
How Elites Will Collapse Like Rome: BlackRock...
https://youtu.be/s7pSoM2mEnw?si=UjWQ0Ywu9P9mG4WO
EuphoricUniverse@reddit
Five years ago:
https://youtu.be/-LHXJ9cacwA?si=yhCOszk3nWFT3-CA
EuphoricUniverse@reddit
Bitcoin lover Larry Fink is Donald Trump’s pick for US Treasury Secretary
(August 2024)
https://www.msn.com/en-us/money/markets/bitcoin-lover-larry-fink-is-donald-trump-s-pick-for-us-treasury-secretary/ar-BB1qmPsz
You can't make this 💩 up.
ObedMain35fart@reddit
Shocked pikachu face
mygoditsfullofstar5@reddit
"Accused?" Shoot, it's their business model. They monetize misery for a living.
Electrical_Print_798@reddit
Color me surprised.
birdy_c81@reddit
But ECG!!!!
Absolute-Nobody0079@reddit
Which ECG?!
Round-Importance7871@reddit
Now this is what justice feels like( will they slip the responsibility somehow? Yeah...). Been talking about this for years and here it is in plain text: that pension funds and other assets managed by BlackRock are threatening a stable future because they provide capital for companies responsible for deforestation of tropical rainforests, which adds to global climate disruption.
IsFreeSpeechReal@reddit
And so the woodwork starts to come out...
melody_magical@reddit
On that rare occasion climate catastrophe makes the news, the military industrial complex is never mentioned as a source of emissions and pollution. Gee, I wonder who funds the media? 🤔
StatementBot@reddit
The following submission statement was provided by /u/Portalrules123:
SS: Related to collapse as BlackRock, one of the largest investment firms on Earth, has been accused of increasing their investments into companies known to be responsible for the destruction of the Amazon and other forests, having both implications on climate change and human rights abuses of the people living in those areas. Systemic because BlackRock is largely built on retirement funds, so the world of today is being destroyed for a future that doesn’t even exist at a massive and systemic level.
Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1gw3dvu/blackrock_accused_of_contributing_to_climate_and/ly6btkp/
vellu212@reddit
When are we gonna Fallout 4 intro sequence their headquarters
742w@reddit
🫢
HannahBananaBuTt219@reddit
What’s the blackrock ya think? Dark side of the moon humans that have been living since before the last cataclysm?
o0oo00o0o@reddit
🙀 /s
No-Barracuda-7657@reddit
ya think?
Portalrules123@reddit (OP)
SS: Related to collapse as BlackRock, one of the largest investment firms on Earth, has been accused of increasing their investments into companies known to be responsible for the destruction of the Amazon and other forests, having both implications on climate change and human rights abuses of the people living in those areas. Systemic because BlackRock is largely built on retirement funds, so the world of today is being destroyed for a future that doesn’t even exist at a massive and systemic level.