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Vanguard and BlackRock are well publicized as having pushed leftist politics through many of their initiatives[0]. The quote, in the article, of >We vote in ac

Vanguard and BlackRock are well publicized as having pushed leftist politics through many of their initiatives[0]. The quote, in the article, of >We vote in accordance with these governance principles to represent the long-term interests of Vanguard fund investors. would imply that they may vote in ways that forward these leftist initiatives. However, there is no evidence to show that their votes on boards have any agenda beyond profit-maximization. [0]https://www.blackrock.com/corporate/about-us/diversity-equity-and-inclusion https://www.blackrock.com/corporate/about-us/diversity-equit...

hef19898 5y ago
That's the first time I hear anyone refer to Blackrock as anything other than hardcore capitalists, let alone left wing...
- kasey_junk 5y ago
  Blackrock has a strong environmental ESG bent currently. In a binary political system that’s how one of the biggest capitalists in the world get labeled “left wing”. https://www.sierraclub.org/press-releases/2020/01/blackrock-responds-demands-for-stronger-climate-action-bold-new-commitments https://www.sierraclub.org/press-releases/2020/01/blackrock-...
  - hef19898 5y ago
    Ah, then the majority of the German car manufacturers just turned left wing tree lovers.
- rayiner 5y ago
  There is no contradiction: https://www.amazon.com/Woke-Inc-Corporate-Americas-Justice/dp/1546090789 https://www.amazon.com/Woke-Inc-Corporate-Americas-Justice/d... It’s not “left wing” but rather an effective co-opting of the left wing. It steers the conversation to being about the skin color of the board members and executives and away from the concentrated ownership of corporate shares.
twofornone 5y ago
It sounds like a "right wing boogeyman conspiracy theory" but it's absolutely the case. A lot of this woke D&I crap is coming from the top down through these ESG policies. If you want funds from big players, you need to play the game of diversity shenanigans.
- MatteoFrigo 5y ago
  Thanks for this. I have funds with Vanguard and didn't realize they went woke while I was not looking. I thought I was passive. Can you recommend some other investment company?

hef19898 5y ago

That's the first time I hear anyone refer to Blackrock as anything other than hardcore capitalists, let alone left wing...

kasey_junk 5y ago
Blackrock has a strong environmental ESG bent currently. In a binary political system that’s how one of the biggest capitalists in the world get labeled “left wing”. https://www.sierraclub.org/press-releases/2020/01/blackrock-responds-demands-for-stronger-climate-action-bold-new-commitments https://www.sierraclub.org/press-releases/2020/01/blackrock-...
- hef19898 5y ago
  Ah, then the majority of the German car manufacturers just turned left wing tree lovers.
rayiner 5y ago
There is no contradiction: https://www.amazon.com/Woke-Inc-Corporate-Americas-Justice/dp/1546090789 https://www.amazon.com/Woke-Inc-Corporate-Americas-Justice/d... It’s not “left wing” but rather an effective co-opting of the left wing. It steers the conversation to being about the skin color of the board members and executives and away from the concentrated ownership of corporate shares.

twofornone 5y ago

It sounds like a "right wing boogeyman conspiracy theory" but it's absolutely the case. A lot of this woke D&I crap is coming from the top down through these ESG policies. If you want funds from big players, you need to play the game of diversity shenanigans.

MatteoFrigo 5y ago
Thanks for this. I have funds with Vanguard and didn't realize they went woke while I was not looking. I thought I was passive. Can you recommend some other investment company?