Commentary
As with everything else in this country, investment is polarizing, red vs. blue. Just on Dec. 1, the red state of Florida announced that it was divesting itself from BlackRock, the multi-trillion-dollar Manhattan-based money trust that has gone woke.
In the words of Florida’s Chief Financial Officer, Jimmy Patronis, “BlackRock CEO Larry Fink is on a campaign to change the world.”
To that end, Patronis continued, the company “has leaned heavily into Environmental, Social, and Governance standards—known as ESG—to help police who should, and who should not gain access to capital.”
ESG, of course, is the corporate form of wokeness, and red states—and red-state-minded Americans wherever they might live—should fear it….