The hosts of Fox Business‘ ‘The Bottom Line’ show posited today that BlackRock CEO Larry Fink is moving away from the ESG movement because Fink said recently said he would because the term has been weaponized.
It would be nice if BlackRock would back off, but don’t bet on it. Fink is still dedicated to the goals of ESG’s and the left never gives up, they just try to remake their schemes into something else. For example, after the left was getting hammered with their use of critical race theory, they quickly changed it into a new vehicle called social emotional learning (SEL).
Four years ago, the Pioneer Institute released a study, Social-Emotional Learning: K-12 Education as New-Age Nanny State. saying that SEL had become the latest solution in a long line of leftist education reforms that ultimately distracts from knowing that American public school children are not being adequately educated.
Two years ago, one of the Pioneer Institute study’s authors, Jane Robbins, wrote an article for The Federalist pointing out that organizations that back SEL use it as a vehicle to turn school children into leftist activists indoctrinating students in leftist propaganda. Sound familiar?
So with all of this in mind, don’t bet on Larry Fink backing off from ESG. No doubt he and his honchos will come back with another feel-good leftist program along the same lines to push companies back into the virtue signaling camp.
PHOTO CREDIT: A Bud Lite advertisement at an LGBT pride event. – By GoToVan from Vancouver, Canada – Pride Parade 2019, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=81111486