F’king Around w/ Google Jigsaw – the Savior of Modernity

It would be interesting if Persia takes a stab at the Great Gay Klaus Schwab. However, since Rouhani and Zariff both were at Davos ….that’s unlikely. Kabbalah calculus here we go …

Jigsaw is the project run under the Alphabet (Google) corporation’s sphere of “innovative and groundbreaking” progress in technologies coming out of silicon valley as of late.

Make no mistake:

Google, Amazon, Apple, Faceberg and Microsoft are oligarchical behemouths that gobble up disruptive/groundbreaking/truly innovative new technologies – they do so by engaging teams of shrewd law firms, private equity outfits, vulture capital operations and in many cases the Boustrophedon-binary option derivatives of the Shaddai-ways aka BlackRock/Goldman Sachs/JP Morgan – be sure these juggernauts stifle any/all progress in technology available to the general public.

The aforementioned companies are the most valuable publicly traded companies on the planet and it is because they possess the precious resource – the DATA. Data and it’s scope of capabilities infact was the disruptive element of bigtech. It’s not the cookies in your browser nor the ads for fishing gear that pop up after you just emailed your boss about a fishing trip. That’s 2010 shit. The reams of data and the capabilities of augmenting the data to suit a purpose are beyond words descriptive abilities -:hence this is why the companies mentioned are amongst the ten most valuable in the entire world.

By the very definition of the word Oligarchy…

We are living under one. That’s a tightly woven web of technology/medicine/government/energy/media/military/entertainment and of course this is all at the mercy of the finance realm.

The greatest threat to this axis of pronouns are capable, competent peoples…which is why the Russians, Chinese, Shia Muslims, Persians and the domestic gamergaters have been relegated as the enemy of the coming Communitarianism-infused one world order.

That’s why Google – the company that has compiled enough data via mobile device use through retina scans, finger prints, gyroscopes, accelerometers, compasses, audio recorders, meta data quadrillions of miles deep, real time analysis performed by the AI of the semantic properties of the users of it’s products has created a new precious resource. It’s not just “Big Data”. It’s analytics performed in real time over infinite crashing tides of real time data that allows machines to make informed decisions within a given context. This is beyond “Big Data/Machine Learning/Artificial Intelligence”….this is the race to Artificial Consciousness…not just compute things…but make decisions ie yes/no, right/wrong, shoot/spare, etc. It’s coming.

In the meantime as La Kosher Nostra dangles like a little piece of a piece of a thing that gets the SJW/BLM/fembots/beta-male, cucked, queer, genderfluid jihadists and of course the virtual signalling cabal of middle management of the Fortune 500 and reverberate throughout their suburbs.

Google presents Jigsaw!

It is bullocks and wank. And fake and gay. And run by bugmen and dykes with neo-penii.

First allow me to share with you from Jigsaw’s website exactly what this project (which might not cure cancer nor malaria, but it is sure to assist in the Genderfluid-jihad).

Jigsaw targets four areas (that we are aware of)

  • Disinformation
  • Toxicity
  • Violent Extremism
  • Censorship

Jigsaw is in deep with the consortium of the global projects underway right now that are successfully meme’ing together the following into a single demographic:

  • Heterosexual couples
  • Married couples with children
  • MAGApedes
  • Conservatives
  • LOLbertarians
  • Concerned people
  • Christians
  • Veterans
  • Constitution believing , flag saluting taxpayers
  • Old Rino republicans
  • Those that oppose the COVID vaccine
  • White people
  • Those that express disenchantment with the guidance we have received from our leaders regarding the virus for the past 20 months and counting.
  • Those that want a proper investigation into the events leading up to and the events of September 11. There was a massive intelligence failure to say the very least and Justice deserves answers.
  • People that question official government narrations on:
    • Purpose of FEMA camps
    • Who owns the Federal Reserve?
    • Who fixed the 2000 election?
    • Who fixed the 2020 election?
    • Who still believes votes matter?
    • Democracy is fake.
    • We demand term limits for legislative branch people.
    • Why is the Patriot Act still in effect and getting more pervasive?
    • How does bombing Syria, Somalia, Yemen and Sudan protect our way of life?
    • Why hasn’t our greatest ally fought alongside us in any wars?
    • Why is degeneracy, malfeasance and decay revered as progress?
    • Epstein didn’t kill himself. He was the centerpiece of an espionage operation at the behest of Israel.
    • What is this Kosher certified crap?
    • JFK’s assassination was a conspiracy.
    • The Great Reset is the New World Order
    • Climate change is a scam that will be used to levy enormous, supplementary taxes upon the most profitable companies – to redistribute this wealth to social programs like pronoun awareness and privilege repentance.

I’m exploring the Toxicity feature. Jigsaw, mind you, is being utilized by the DHS, FBI, GNET, GIFCT, RUSI, ICSR, Tech Against Terrorism, the UN-CTED, Moonshot, Tumblr, YouTube, Microsoft, MEGA, Mail Chimp, Twitter, Facebook, Reddit, Imgur – it is being used by the CENSOR-JUSTICE-WARRIORS.


My experiment is within the “Toxicity” feature. The following is directly from the Jigsaw website: Link: Jigsaw Toxicity

From Jigsaw website:

Protecting voices in conversation:

Online abuse and toxicity stops people from engaging in conversation and, in extreme cases, forces people offline. We’re finding new ways to reduce toxicity, and ensure everyone can safely participate in online conversations.

PRODUCT AND EXPERIMENTS

Perspective API

Perspective API uses machine learning to identify toxic language, making it easier to host better conversations online. Perspective is used to give feedback to commenters, help moderators more easily review comments, and keep conversations open online.

Tune


A Chrome extension that helps people adjust the level of toxicity they see in comments across the internet.
→→

Moderator

My experimentation: I have decided to use the Perspective API which allows you to enter in any choice words and then determines how toxic the words are classified as. Check out some of the fun:

Climate Scepticism- Hold the Front Page – POSTED ON 03 AUG 21 BY JOHN RIDGWAY

The IPCC’s sixth assessment report (AR6) is due out any day now and I can barely sleep with all of the excitement. In fact, I’m so wide awake that I certainly don’t need the wake-up call that it promises to deliver. That said, the scientists and activists have provided so many wake-up calls over the years, I can’t really understand how anyone could possibly still be asleep. And yet, apparently, we all are. Despite everything that the BBC and the Guardian have thrown at us down the years, stomping up and down whilst clashing their cymbals of the Apocalypse, we are still zedding away, waiting for the right fairy prince to come along to deliver the magical kiss of enlightenment. So yes folks, this is the one. All the other wake-up calls were just some geezers messing around. This one is the real deal. This actual wake-up call is actually going to be the actual, real wake-up call. And you know why? Well, I’ll tell you why. It’s because this time there have been developments in science that will shock you to the core. The climate scientists are about to announce a startling new discovery: WHEN THINGS ARE HEATED UP THEY GET HOTTER.

I’m sorry, I know, I should have broken it to you more gently. Perhaps if I had expressed myself in the measured language of Detection & Attribution it might not have been such a shock to the system. Perhaps I should have put it the way that Dr Friederike Otto expressed it:

“Every heat wave that is happening today is made more likely and more intense by climate change.”

Think about it. Not just some heat waves, but every heat wave. And not just those that are going to happen in the future, but all those that are happening today. Apparently, heating has that effect. It just can’t help but make things hotter, no matter what their current temperature and no matter when it is applied. This startling discovery has enabled attribution scientists to now speak out with much more certainty. As climatologist, Ed Hawkins puts it:

“That side of science has moved on a lot.”

Now, I’m sure there may be some of you out there scoffing to hear of this breakthrough in climate science. You might have wanted to hear instead of a dramatic reduction in the uncertainty of the climate sensitivity values upon which all model-based attribution studies are based – because, after all, that side of the science hasn’t moved on a lot. But that would be to misunderstand how climate science works. It isn’t the reduction of uncertainty that allows the scientists to talk with more certainty; it is the increased gullibility of their audience. All it really needed was for a whole bunch of them to have the great idea that, rather than allude to a future catastrophe, it would be better to draw attention to current extreme weather to get their message across. And, lo and behold, it starts to happen – current weather starts to get more extreme. Or, more accurately, everything that is happening today turns out to have been much more likely than it might have been had the scientists not had their great idea.

I should say no more. Frustrating though it may be, we are all going to have to wait until AR6 hits the streets before we can say for sure just how much the scientists are saying for sure. But, in the meantime, let me reassure you that they won’t have discovered anything that wasn’t as prescribed by AR5. Just don’t mention sufficiency.

THE BULLOCKS AND WANK – The Meme’ing Together of Climate Change/Migration/LGBTQIIA/Racism/Wokeness/SDG/Sustainable Gay/Virus/etc

FAKE AND GAY…at new levels never imagined…..

This is a collection of recent videos on YouTube that aid the Great Reset – sustainability/equity/climate action/change/lgbtq/racism/net zero/carbon emissions/stakeholder equity/migration – all these words are just interchangeable. Like “Climate Equity Has Gay”….let’s look at the meme’ing:

GLAAD – Intersection of the Climate Justice and LGBTQ Movements

GLAAD 20 Under 20 Honoree and youth climate activist Jamie Margolin discusses the impact of climate change on LGBTQ communties and how the media plays an important role in transforming the public’s understanding of the climate crisis.

Disposition: GLAAD actually openly states on their website that they: GLAAD rewrites the script for LGBTQ acceptance. As a dynamic media force, GLAAD tackles tough issues to shape the narrative and provoke dialogue that leads to cultural change. In other words, whatever we say about anything and everything is what we do because we are the gays that were trained by some shrewd Jews to structure our organization as a not-for-profit which generates income from donors that receive a tax liability alleviation for donating to us. Donors need tax breaks, we need to get paid a to lie, or else this operation would not sustain. So it is good that you listen to our narrative crafting because we are the gays that are brave enough to traverse the world of HIV/AIDS thru using Prep to hopefully avoid catching the virus…yet we are scared beyond description of the bat-flu. We stick our dick up the asses of AIDS-laden men but we wear a mask while doing so. Therefore, we have the moral high ground. We are the big gay disco.

Vice News: Openly Leftist Media Platform: The Climate Migrant

Audelio Mejía’s family has grown corn in the agricultural heart of Central America, known as the Golden Triangle, for three generations. But for the last year, the 50-year-old smallholder farmer has seriously considered migrating north with the help of a coyote. He’s not afraid of gang violence or political persecution, like many migrants who would claim asylum in the U.S. He’s worried about rain — and the lack of it.

Disposition: Vice continues streak of creativity.

Columbia University: Climate Change-Induced Migration

The impacts of climate change (including climate variability and extremes) on human mobility has become an area of increasing interdisciplinary research focus. While linkages are complex and context-specific, there is evidence to suggest that climate factors can and do play a role in migration decision making – though they generally operate indirectly through more direct economic, demographic, social, and political drivers. A variety of research has been undertaken at the Earth Institute. This panel is an opportunity for the scientists involved to summarize key results that shed light on causal mechanisms, migration patterns, future projections, and more. Portions of the program focus on West Africa owing to two projects, a recently completed World Bank-funded project on modeling climate change-induced migration in West Africa, and a newly funded NSF project entitled “Disentangling climate, food security and social factors as drivers of migration in and out of West Africa.” — SPS advances knowledge with purpose to move careers, communities, and markets forward. Our mission is to provide a rigorous education, informed by rapidly evolving global market needs, that supports the academic and professional aspirations of our student community. Our vision is to become the premier destination for professional education by generating interdisciplinary thought leadership, developing innovative pedagogy, and advancing globally competitive academic solutions for ambitious agents of change and impact.

Disposition: They are ambitious agents of change and impact.…aka ambitious liars.


Stockholm Environment Institute – International migration and the impact on climate change

Mistra Geopolitics and Stockholm Climate Security Hub invite you to a seminar on international migration and the impact on climate change with Rainer Münz – Special Adviser on Migration and Demography, European Strategy Policy Centre (ESPC), European Commission, Brussels.

Disposition: the Swedes have been subjected to the climate change. Mudslides. Years of them now.

Racism and Climate Change Are About You | Dr. Atyia Martin | TEDxDirigo

Climate change effects us all, but it doesn’t effect us equally. In this thorough talk, Dr. Martin examines the intersections of climate change and racism, from who’s at the table during policymaking, to which communities are effected by natural disasters, and which receive resources first. Incorporating multidisciplinary data and research, Dr. Martin proposes ways for us to scrutinize bias in ourselves, our workplaces, and our social groups. Dr. Atyia Martin is a Certified Emergency Manager with a diverse set of experiences in public health, emergency management, intelligence, and homeland security. Mayor Martin Walsh appointed her as the Chief Resilience Officer for the City of Boston as part of the 100 Resilient Cities initiative pioneered by the Rockefeller Foundation. In this role, she is responsible for leading the development and implementation of Boston’s Resilience Strategy. Boston will focus on advancing racial equity as the foundation of the Resilience Strategy process. Dr. Martin has served as adjunct faculty in the Master of Homeland Security at Northeastern University. She was previously the Director of the Office of Public Health Preparedness at the Boston Public Health Commission. Her previous professional experience includes the Boston Police Department’s Boston Regional Intelligence Center; City of Boston’s Mayor’s Office of Emergency Management; the Federal Bureau of Investigations (FBI); and active duty Air Force assigned to the National Security Agency. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

Disposition: this large afro doesn’t compensate for the fact she is not a medical doctor. But purports to be a doctor. Not an honest broker. More big bullshit. End of discussion.

Fleeing climate change — the real environmental disaster | DW Documentary

How many millions of people will be forced to leave their homes by 2050? This documentary looks at the so-called hotspots of climate change in the Sahel zone, Indonesia and the Russian Tundra. Lake Chad in the Sahel zone has already shrunk by 90 percent since the 1960s due to the increasing heat. About 40 million people will be forced to migrate to places where there is enough rainfall. Migration has always existed as a strategy to adapt to a changing environment. But the number of those forced to migrate solely because of climate change has increased dramatically since the 1990s. It is a double injustice: after becoming rich at the expense of the rest of the world, the industrialized countries are now polluting the atmosphere with their emissions and bringing a second misfortune to the inhabitants of the poorer regions. One of them is Mohammed Ibrahim: as Lake Chad got hotter and drier, he decided to go where the temperatures were less extreme and there was still a little water, trekking with his wife, children and 70 camels from Niger to Chad and then further south. The journey lasted several years and many members of his herd died of thirst. Now he and his family are living in a refugee camp: they only have seven camels left. Mohammed is one of many who have left their homelands in the Sahel – not because of conflict and crises, but because of the high temperatures. He’s a real climate refugee. _______ DW Documentary gives you knowledge beyond the headlines. Watch high-class documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.

Disposition: They actually said . It is a double injustice: after becoming rich at the expense of the rest of the world, the industrialized countries are now polluting the atmosphere with their emissions and bringing a second misfortune to the inhabitants of the poorer regions. – this is the meme.

The Years Project – Refugees Are Fleeing Climate Change

Tens of millions of people could be displaced by climate change by the end of this century. Climate scientist Michael Oppenheimer explains why that matters, why he supports the right to migrate, and what governments need to do to prepare. Watch More Climate Facts: https://theyearsproject.com/watch/cli…​ This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets that aims to strengthen coverage of the climate crisis.

Disposition: Their motto is OUR MISSION: Harness the power of story to compel action on the climate crisis. Translation – Harness the power of making shit up to compel action on an already made up shit. Big piles of shits of lies and bullocks and wank.

National Geographic – Climate Change and the Migrant Crisis | Years of Living Dangerously

Tom Friedman travels from France to Niger, following the trail of migrants and unraveling how climate change is driving people to leave their homes. ➡ Subscribe: http://bit.ly/NatGeoSubscribe​ ➡ Watch all clips of Years of Living Dangerously here: http://bit.ly/WatchYearsofLivingDange…​ ➡ Get More Years of Living Dangerously: http://bit.ly/NGYearsofLivingDangerously​ About Years of Living Dangerously: In this groundbreaking event series, celebrity correspondents bring us stories on those affected by, and seeking solutions to, climate change – from locations shockingly close to home. Covering issues like severe hurricanes, droughts, and the increasing extinction rate of wildlife, it’s a gritty look at not only how we have impacted our planet, but also how we can save it for future generations.

Disposition: Big Jew travels from France to Nigger and fabricates a connection between developed Western nations being responsible for the ineptitudes of people from countries that make cookies out of fecal matter.

Adelphi (Berlin) – Links Between Migration and Climate Change

The connection between migration and climate change has become a priority for climate diplomacy. In view of future climate risks, it is important to analyse how climate change can impact migration pathways and what approaches will help to address climate-induced displacements – both within and between countries. It is clear that one has to allow for the immense complexity of the phenomenon. Interviews with experts from the Planetary Security community: Francesco Femia, Kitty van der Heijden, Hammou Laamrani, Dan Smith, Michel Rademaker and Tom Middendorp.

Disposition: They wrote “It is clear that one has to allow for the immense complexity of the phenomenon” which means “this is complete fucking bullshit but whiteness is at fault”

There are six million of these videos.

FAKE AND GAY.

Great Reset Crew Now Meme’ing the Action of Growing Plants that Provide Food is Harmful “Bio-Diversity”

This is from my faceberg account, which I am surprised they let me make one. My normie faceberg from 2008 onward was zucced for hatespeech for I denounced Elizabeth Warren’s voting record on the pkatform. Hence, criticism of a politician in the digital sphere is hate speech in our Bat-Flu, Neo-Liberal, Debt-Laden, Soulless, Godless, Degenerative, Malfeasant, Dildo Sanitizer nation of PRONOUNciation. The genderfluid-jihadists are winning…

BlackRock – the New Vampire Squid

Original Article Here

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.

To most people, if they are familiar with it at all, BlackRock is an asset manager that helps pension funds and retirees manage their savings through “passive” investments that track the stock market. But working behind the scenes, it is much more than that. BlackRock has been called “the most powerful institution in the financial system,” “the most powerful company in the world” and the “secret power.” It is the world’s largest asset manager and “shadow bank,” larger than the world’s largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software.

BlackRock has also been called “the fourth branch of government” and “almost a shadow government”, but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a “Systemically Important Financial Institution” under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had “cozy” relationships with government officials.

BlackRock’s strategic importance and political weight were evident when four BlackRock executives, led by former Swiss National Bank head Philipp Hildebrand, presented a proposal at the annual meeting of central bankers in Jackson Hole, Wyoming, in August 2019 for an economic reset that was actually put into effect in March 2020. Acknowledging that central bankers were running out of ammunition for controlling the money supply and the economy, the BlackRock group argued that it was time for the central bank to abandon its long-vaunted independence and join monetary policy (the usual province of the central bank) with fiscal policy (the usual province of the legislature). They proposed that the central bank maintain a “Standing Emergency Fiscal Facility” that would be activated when interest rate manipulation was no longer working to avoid deflation. The Facility would be deployed by an “independent expert” appointed by the central bank.

The COVID-19 crisis presented the perfect opportunity to execute this proposal in the US, with BlackRock itself appointed to administer it. In March 2020, it was awarded a no-bid contract under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to deploy a $454 billion slush fund established by the Treasury in partnership with the Federal Reserve. This fund in turn could be leveraged to provide over $4 trillion in Federal Reserve credit. While the public was distracted with protests, riots and lockdowns, BlackRock suddenly emerged from the shadows to become the “fourth branch of government,” managing the controls to the central bank’s print-on-demand fiat money. How did that happen and what are the implications?

Rising from the Shadows: BlackRock was founded in 1988 in partnership with the Blackstone Group, a multinational private equity management firm that would become notorious after the 2008-09 banking crisis for snatching up foreclosed homes at firesale prices and renting them at inflated prices. BlackRock first grew its balance sheet in the 1990s and 2000s by promoting the mortgage-backed securities (MBS) that brought down the economy in 2008. Knowing the MBS business from the inside, it was then put in charge of the Federal Reserve’s “Maiden Lane” facilities. Called “special purpose vehicles,” these were used to buy “toxic” assets (largely unmarketable MBS) from Bear Stearns and American Insurance Group (AIG), something the Fed was not legally allowed to do itself.BlackRock really made its fortunes, however, in “exchange traded funds” (ETFs). It gained trillions in investable assets after it acquired the iShares series of ETFs in a takeover of Barclays Global Investors in 2009. By 2020, the wildly successful iShares series included over 800 funds and $1.9 trillion in assets under management.Exchange traded funds are bought and sold like shares but operate as index-tracking funds, passively following specific indices such as the S&P 500, the benchmark index of America’s largest corporations and the index in which most people invest. Today the fast-growing ETF sector controls nearly half of all investments in US stocks, and it is highly concentrated. The sector is dominated by just three giant American asset managers – BlackRock, Vanguard and State Street, the “Big Three” – with BlackRock the clear global leader.

By 2017, the Big Three together had become the largest shareholder in almost 90% of S&P 500 firms, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola. BlackRock also owns major interests in nearly every mega-bank and in major media.

In March 2020, based on its expertise with the Maiden Lane facilities and its sophisticated Aladdin risk-monitoring software, BlackRock got the job of dispensing Federal Reserve funds through eleven “special purpose vehicles” authorized under the CARES Act. Like the Maiden Lane facilities, these vehicles were designed to allow the Fed, which is legally limited to purchasing safe federally-guaranteed assets, to finance the purchase of riskier assets in the market.Blackrock Bails Itself OutThe national lockdown left states, cities and local businesses in desperate need of federal government aid. But according to David Dayen in The American Prospect, as of May 30 (the Fed’s last monthly report), the only purchases made under the Fed’s new BlackRock-administered SPVs were ETFs, mainly owned by BlackRock itself. Between May 14 and May 20, about $1.58 billion in ETFs were bought through the Secondary Market Corporate Credit Facility (SMCCF), of which $746 million or about 47% came from BlackRock ETFs. The Fed continued to buy more ETFs after May 20, and investors piled in behind, resulting in huge inflows into BlackRock’s corporate bond ETFs.In fact, these ETFs needed a bailout; and BlackRock used its very favorable position with the government to get one. The complicated mechanisms and risks underlying ETFs are explained in an April 3 article by business law professor Ryan Clements, who begins his post:Exchange-Traded Funds (ETFs) are at the heart of the COVID-19 financial crisis. Over forty percent of the trading volume during the mid-March selloff was in ETFs ….The ETFs were trading well below the value of their underlying bonds, which were dropping like a rock. Some ETFs were failing altogether. The problem was something critics had long warned of: while ETFs are very liquid, trading on demand like stocks, the assets that make up their portfolios are not. When the market drops and investors flee, the ETFs can have trouble coming up with the funds to settle up without trading at a deep discount; and that is what was happening in March.According to a May 3 article in The National, “The sector was ultimately saved by the US Federal Reserve’s pledge on March 23 to buy investment-grade credit and certain ETFs. This provided the liquidity needed to rescue bonds that had been floundering in a market with no buyers.”Prof. Clements states that if the Fed had not stepped in, “a ‘doom loop’ could have materialized where continued selling pressure in the ETF market exacerbated a fire-sale in the underlying [bonds], and again vice-versa, in a procyclical pile-on with devastating consequences.” He observes:

There’s an unsettling form of market alchemy that takes place when illiquid, over-the-counter bonds are transformed into instantly liquid ETFs. ETF “liquidity transformation” is now being supported by the government, just like liquidity transformation in mortgage backed securities and shadow banking was supported in 2008.

BlackRock got a bailout with no debate in Congress, no “penalty” interest rate of the sort imposed on states and cities borrowing in the Fed’s Municipal Liquidity Facility, no complicated paperwork or waiting in line for scarce Small Business Administration loans, no strings attached. It just quietly bailed itself out.It might be argued that this bailout was good and necessary, since the market was saved from a disastrous “doom loop,” and so were the pension funds and the savings of millions of investors. Although BlackRock has a controlling interest in all the major corporations in the S&P 500, it professes not to “own” the funds. It just acts as a kind of “custodian” for its investors — or so it claims. But BlackRock and the other Big 3 ETFs vote the corporations’ shares; so from the point of view of management, they are the owners. And as observed in a 2017 article from the University of Amsterdam titled “These Three Firms Own Corporate America,” they vote 90% of the time in favor of management. That means they tend to vote against shareholder initiatives, against labor, and against the public interest. BlackRock is not actually working for us, although we the American people have now become its largest client base.

In a 2018 review titled “Blackrock – The Company That Owns the World”, a multinational research group called Investigate Europe concluded that BlackRock “undermines competition through owning shares in competing companies, blurs boundaries between private capital and government affairs by working closely with regulators, and advocates for privatization of pension schemes in order to channel savings capital into its own funds.”Daniela Gabor, Professor of Macroeconomics at the University of Western England in Bristol, concluded after following a number of regulatory debates in Brussels that it was no longer the banks that wielded the financial power; it was the asset managers. She said:We are often told that a manager is there to invest our money for our old age. But it’s much more than that. In my opinion, BlackRock reflects the renunciation of the welfare state. Its rise in power goes hand-in-hand with ongoing structural changes; in finance, but also in the nature of the social contract that unites the citizen and the state.

That these structural changes are planned and deliberate is evident in BlackRock’s August 2019 white paper laying out an economic reset that has now been implemented with BlackRock at the helm.Public policy is made today in ways that favor the stock market, which is considered the barometer of the economy, although it has little to do with the strength of the real, productive economy. Giant pension and other investment funds largely control the stock market, and the asset managers control the funds. That effectively puts BlackRock, the largest and most influential asset manager, in the driver’s seat in controlling the economy.As Peter Ewart notes in a May 14 article on BlackRock titled “Foxes in the Henhouse,” today the economic system “is not classical capitalism but rather state monopoly capitalism, where giant enterprises are regularly backstopped with public funds and the boundaries between the state and the financial oligarchy are virtually non-existent.”

If the corporate oligarchs are too big and strategically important to be broken up under the antitrust laws, rather than bailing them out they should be nationalized and put directly into the service of the public. At the very least, BlackRock should be regulated as a too-big-to-fail Systemically Important Financial Institution. Better yet would be to regulate it as a public utility. No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.