BlackRock: The Real-Life Umbrella Corporation

BlackRock: The Real-Life Umbrella Corporation

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BlackRock, the world's largest asset manager, has transcended its origins as a financial firm to become a formidable force with extensive global influence. The firm's strategic evolution, driven by technological innovation and adept political navigation, has enabled it to shape not only financial markets but also social policy and critical global infrastructure. This multifaceted power allows BlackRock to benefit from and steer a wide array of international developments.

The foundation of BlackRock's power lies in its development of a proprietary risk management software known as Aladdin. This system is now widely used by financial institutions, effectively serving as an operating system for global finance. The firm's true ascent to dominance was catalyzed by the 2008 financial crisis.

Due to its expertise in managing complex assets, BlackRock was enlisted by the Federal Reserve to help navigate the financial meltdown. This key role not only elevated its standing but also gave it unparalleled insight into the inner workings of the global economy, which it further capitalized on by acquiring a major competitor's investment platform, cementing its status as the world’s leading asset manager.

Beyond its financial operations, BlackRock has demonstrated significant political influence. The firm maintains a strong presence in government through a "revolving door" of executives and officials, which it has used to lobby against regulations that would label it as "too big to fail."

On the social front, BlackRock has publicly embraced ESG (environmental, social, and governance) investing. While presented as a commitment to social responsibility, this initiative has been critiqued by some as a strategy to justify charging higher fees.

The firm's latest strategic focus is on global infrastructure, including its involvement in post-conflict reconstruction efforts. This move suggests a long-term plan to gain ownership and control over essential assets such as airports, ports, and power grids, positioning the firm to profit from both global conflicts and the subsequent rebuilding.

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3   Comments / Reviews

Leave a Reply to Smallhat Cancel reply

  1. Bribe the politicians to make laws that allow legal robbery in the name of pension funds. Loan these same funds back to the gullible in the form of mortgages. Leaching the lifeblood out of the economy in order to enslave mankind with financial control

    Reply
  2. Gee i wonder whos on the board

    Reply
  3. this is why houses are out of reach

    Reply