After failing to advance their agenda by passing laws in Congress, progressives have found that they can impose their will on Americans just as effectively through our financial system. And while some state officials have recently started to fight back, they are heavily outgunned.
The world’s largest asset managers, BlackRock, State Street, and Vanguard, have signed on to the global Net Zero Asset Management Initiative and together use the $20 trillion of other people’s money that they manage to pressure companies whose shares they own into pursuing environmental and social-justice causes. Progressive state pension fund managers in California, New York, Maryland, and even Texas are doing the same with the trillions in retirement funds that they manage….