The environment, social justice, and good governance have all been hot topics recently. These socialist terms, however, are an elaborate hoax with a malignant goal, according to entrepreneur, political analyst, and best-selling book Vivek Ramaswamy.
Ramaswamy recently spoke with WMAL radio presenter Vince Coglianese on how left-wing radicals are now seeking to push their nasty objectives through the corporate sector after running into difficulties in Congress.
“They tend to come in three-letter acronyms: ESG DEI, Diversity, Equity, and Inclusion; CSR, Corporate Social Responsibility,” Ramaswamy explained.
“There are three-letter acronyms that word salad that are designed to hide the essence of what is going on, which is using corporate power to get done through the backdoor, what could not get done through the front door in our political process.”
Ramaswamy dubbed it “the defining swindle of our time” and accused America’s three major asset managers of being complicit. State Street, Vanguard, and BlackRock are the three firms in charge of more than $20 trillion in assets.
“That’s more than the GDP of the United States, by the way,” Ramaswamy said.
“These three asset management companies] are aggregating the money of everyday pensioners and retirees, etc. But using that to then throw their weight around in corporate America saying, ‘You need these racial quota systems on your board. Yeah, you need to cut oil production. You need to reduce your carbon emissions.’ Agendas that would make the blood of those retirees boil if they knew what was exactly going on, using somebody else’s money to advance a political agenda that they disagree with.”
Given how many of the companies participating in the ruse are worldwide, would it be safe to assume that the same objectives are being pushed internationally as well?
According to Ramaswamy, these corporations’ Chinese activities are free from all of it – it’s just an American (or perhaps a Western) project aimed at dismantling Western civilization piece by piece.
“In the United States, they preach ESG,” Ramaswamy says. “In China, they supplicate to the CCP (Chinese Communist Party). As I say, this is sort of the motto of companies like Blackrock around the world.”
To put it another way, the free market in the United States is a fantasy. It’s even worse than a monopoly or an ideological cartel, according to Ramaswamy.
Corporate America has greater influence than government officials to push its agenda and obtain what it wants, regardless of who is in power at the time.
“They’re working hand in glove with the party in power to be able to do their bidding through the private sector,” Ramaswamy described how the procedure works..
“If you couldn’t get the Green New Deal through Congress, guess what John Kerry is doing? He’s getting every major banking CEO to sign the so-called Climate Pledge … but it is also a form of crony capitalism because I will tell you, you know, as well as I, banks are not charitable institutions.”
What do banking CEOs get in exchange for $igning Kerry’s so-called “Climate Pledge?” is a que$tion that remain$ unan$wered. Perhap$ one day we will be able to answer thi$ question.
“This is the crony capitalism of our moment, and I just think of the way in which the critical race theory issue was a mobilizing issue for Republicans in 2021.”
Meanwhile, firms are being bolstered or hammered based on their adherence to ESG and other sinister goals. If your money is managed by BlackRock, for example, you are directly supporting their goals.