Making a Killing on Killing
Chapter 1: BlackRock's Influence on Companies.
- BlackRock is an investment firm with 10 trillion dollars in assets, but they don't own companies, they manage shares owned by clients.
- Companies collect data from us and sell it to data brokers, who may lose it in data breaches.
Chapter 2: ESG Investing: Greenwashing or Genuine Change?
- ESG investing is growing, but companies are engaging in greenwashing to appear more sustainable.
- BlackRock and Vanguard promote ESG investing, but remain invested in fossil fuels and human rights violators.
- BlackRock claims climate risk is investment risk, but is unwilling to change investments for the greater good.
Chapter 3: BlackRock's Growing Power and its Impact on Competition.
- BlackRock's software predicts investment failure, leading to its rise in ETF investing and global assets worth $225 trillion by 2025.
- BlackRock and other large firms own shares in global giants like Google, Facebook, and Amazon, creating an anti-competitive environment and reducing consumer choice.
- Solutions exist to stop this, but governments must take action.
TAKEAWAYS
- BlackRock is an investment firm that controls a huge number of shares in some of the largest companies in the world, and their clients own the shares. Data is a major factor in this equation, as companies collect an insane amount of data from us and sell it to the highest bidder.
- Socially responsible investing is the fastest growing segment in the asset management industry, but companies are engaging in greenwashing to appear more sustainable than they actually are. BlackRock and Vanguard are guilty of this technique, promoting ESG investing on the one hand, but unwilling to stop investing in oil and gas companies or pull out of companies with questionable human rights practices.
- BlackRock and other large firms like Vanguard are the biggest investors in global giants like Google, Facebook, and Amazon, creating an anti-competitive environment and reducing consumer choice. Solutions that governments could put in place to stop these practices include stricter regulations and increased transparency.
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