BlackRock’s CEO Larry Fink may now be the most powerful man in the world, overseeing not just the Fed’s new (potentially $4.5 trillion) corporate slush-fund, but also managing $27 trillion of the global economy (even before the March appointment). https://www.counterpunch.org/2020/04/08/blackrock-takes-command/">https://www.counterpunch.org/2020/04/0...
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But let’s be clear: the central banks on both sides of the Canada-U.S. border have now placed BlackRock in a primary position for effecting monetary and fiscal policy in both countries. That is much more than “bad optics.” That is flagrant corporatism.
But let’s be clear: the central banks on both sides of the Canada-U.S. border have now placed BlackRock in a primary position for effecting monetary and fiscal policy in both countries. That is much more than “bad optics.” That is flagrant corporatism.