Billionaire Vivek Ramaswamy Explains What is ESG is + How it is a Major Threat to Democracy

by | September 21, 2022

That means, that someone like Larry Fink, the founder of Blackrock and already wealthy, magnifies his vote literally ten thousands of times, via other peoples’ capital.

video: Billionaire Vivek Ramaswamy Explains What is ESG is + How it is a Major Threat to Democracy

I want to introduce you to Vivek Ramaswamy, a self made billionaire, via biotech, who has started a new asset management company called Strive.
Here he is talking to Jordan Peterson about ESG, and he will describe what it is for you, and declare it a huge threat to the world, and I’ll be back shortly to discuss.
He calls it a threat to democracy, because the firms like BlackRock have amassed the voting rights for the shareholders they are managing money for.

That means, that someone like Larry Fink, the founder of Blackrock and already wealthy, magnifies his vote literally ten thousands of times, via other peoples’ capital.
It’s not dissimilar to your representative in Congress who is elected to serve you, the difference being that most investors have zero clue what’s going on, or even consider for a moment they own those votes.

Also, there is a maximum number of people that Congressional delegates can represent as it is based on percentage of population, and it is only one vote amongst money.
But create a company like Blackrock, the more money you have under management, the more voting rights you have when it comes to a corporate vote, as investors passively allow the funds to vote for them. 

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If he wants to vote with his own money in the corporate board room that’s fine, but he has centralized power via the votes of others, and if he decides to push something like ESG, which he has, for complex reasons we’ll get into in future videos, so please subscribe for that; he is leveraging the votes of many many shareholders, who, if they knew what he was voting for, would likely disagree with him.

But they don’t. They have zero knowledge of what happens in the backroom deals, and thus ESG gets pushed unwittingly upon the United States and the world, without popular support, without being decided at a Democratic ballot box.
That’s how ESG makes it’s way in the world, why Sri Lanka collapsed, chasing the ESG score and eliminating most fertilizers and watching their crop yields plummet to the point they cannot feed their own population, much less export their crops for money. It’s why Canadian farmers have been ordered to cut back the same way, and why the Dutch are protesting the same government mandates.  

Larry Fink, voting these policies in; using your money, without you being the least bit aware of it. Join me tomorrow, and I’ll show you how deep the rabbit hole really is. 

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