Episode 29
Larry Fink and BlackRock's Trillion Dollar Shadow Fueling the Police State
Summary:
Dr. Jim talks about the shadowy world of BlackRock, the colossal asset manager led by Larry Fink. With $12 trillion under management, the company's influence and investments span across controversial sectors like energy, surveillance, and weapons manufacturing. Dr. Jim argues that BlackRock, often overlooked in scrutiny, significantly impacts global and domestic policies, contributing to environmental harm and militarization. This episode critiques Fink's strategic empire, positioning him among the most powerful and potentially dangerous billionaires. Explore the implications of corporate omnipresence and the need for increased vigilance against these "merchants of death."
Chapters:
Introduction to BlackRock
BlackRock's Public Image vs. Reality
Investments in the Energy Sector
Investments in Surveillance and Policing
BlackRock's Role in the Military Industrial Complex
Involvement in Arms Manufacturing and Fortune 500
Conclusion: The Impact of BlackRock and Larry Fink
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Music Credit: Good_B_Music
Mentioned in this episode:
Left in Exile Intro
Left in Exile Intro
Transcript
] Dr. Jim: There are evil mega corporations. And then there's BlackRock. BlackRock is in a league of its own. This is a company that has 12 trillion in assets under its control.
And that. Monetary value exceeds the GDP of every country in the world, except for the U S and China. And when you are that big a company. That requires a certain amount of scrutiny, but what's interesting about BlackRock is that it has escaped any sort of serious scrutiny when it's quite literally a merchant of death.
n building that company since:Larry Fink, tries to paint the company as if it is aligned with the betterment of the world, but the reality of it is that BlackRock is a company is invested in [00:01:00] some really dubious things
This is somebody who casts a 12 trillion dollar shadow. That's the volume of assets that BlackRock has under its management. And what makes This company is especially dangerous. And what makes Larry think especially dangerous is that as one of these giant billionaires who oversees the largest company in the world, he flies under the radar.
And when you think about what BlackRock is invested in, they like to brand themselves as a company that is looking out for the greater good of the world.
But what are they really involved in? When you look at where their investment portfolio sits, It sits in a who's who of merchants of death.
When you look at their investments across sectors, BlackRock is heavily invested in the energy sector, and they're one of the leading drivers of climate change and driving poor climate policy across the world so that they can pad their bottom lines.
billionaires want to get as [:His investment portfolio just in the energy sector is. Fueling a catastrophe of its own. If you want to ramp up the evil billionaire language, what else is he invested in? BlackRock and Larry Fink invest heavily in the police state. When you think about every surveillance tool, every police force, every sort of bad policing behavior or practice that's invasive and an attack on privacy of the individual, Blackrock is involved in Larry Fink is pulling the strings.
o movie. And he would be the [:When you think about Larry Fink and Blackrock. They invest heavily in weapons manufacturers.
They are quite literally the merchants of death. When it comes to that, when you think about the military industrial complex, BlackRock profits handsomely off the deaths of countless Brown and black faces all around the world. And when you bring it home domestically. Really, when you look at weapons manufacturers, arms and gun manufacturers, BlackRock is deeply involved in that.
And Larry Fink profits handsomely off of that as well.
And if that wasn't bad enough, 12 trillion in assets managed means that they are involved in just about everything that you can think of. And it's no surprise that when you look at every publicly traded company that is in the fortune 500. Three companies listed over and over again. State street Vanguard and BlackRock.
you're shaping the direction [:And that is why when you think about the world's most evil billionaires and all of them are evil Larry fink is easily in the top five if he isn't already number one on the list
