Big Business and the Radical Left

What do Nike, Pepsi, Lego, Disney, L’Oréal, KFC, Pfizer, Comcast, FedEx, Home Depot, Verizon, Google, Starbucks, Papa Johns, Coca-Cola, Morgan Stanley and Deloitte all have in common?  

They have all supported Black Lives Matter, the LGBTQ movement or the racial justice movement—or all three.

Their executives travel the world in private jets, lecturing people about the dangers of climate change. Organizations such as Davos and the World Economic Forum promote programs of thinly disguised communism. Billionaires donate to radical politicians like Alexandria Ocasio-Cortez.

If you want to avoid giving your dollars to companies that support radical-left causes, good luck. More and more big businesses and big businessmen are pushing the woke agenda and playing a leading role in driving the world down the woke road.

Why? Because big businesses looks at the bottom line.  Their future customers are young “woke” consumers.  In addition, the left has politicized the marketplace, targeting businesses that “transgress” the woke agenda.  They know they have little to fear from the right and much to fear from the left.

Think about it!  When was the last time you saw one of these companies stand up for LBGTQ rights in Iran? Or speak out against slavery in China when doing so would hurt their supply chains?  Nike, Apple and Coca-Cola actually lobbied Congress to allow them to continue to use Chinese concentration camp inmates.

Pharmaceutical giant Gilead sponsors homosexual pride parades while charging over $2,000 a month for anti-HIV drugs.  Signaling support for the LGBTQ movement is cheaper than lowering the price of a drug that would predominately help those in that community.

There’s another reason for big business to support radical-leftist causes: Big business and the radical left both love big government.  The bigger the better! 

Left-wing politicians continually publicize the fiction that business hates regulation.  While it is true that  your local small business owner hates regulations, big businesses can afford to hire lobbyists to shape regulations and experts that help them ensure compliance with the most complex and labyrinthine of red tape.  And if a government regulator comes after them, they can hire lawyers and buy influence to push back. All these options are far out of reach for small businesses.

On average, an estimated $3.7 million is spent lobbying each member of Congress each year.  Ex-political advisers can make a lot of money selling their services to businesses, helping them navigate the laws they just created.  For example:  Jake Sullivan helped President Obama negotiate the Iran deal and then got a job helping  big business trade with Iran, using his intimate knowledge of the deal he helped craft. Now, Sullivan is back in politics as President Joe Biden’s national security adviser.

Were you really surprised when CNBC wrote in October 2020 that Democrats had “crushed” Republicans in fund-raising, fueled in part by “Wall Street executives?”   In Time’s shocking admission of election interference, The Secret History of the Shadow Campaign That Saved the 2020 Election, the author described the role big business played in electing Joe Biden.  Business leaders were worried about “economy-disrupting civil disorder,” wrote Time. They reached out to radical left-wing groups to ensure the mob got what it wanted.

Then, as Biden chose his administration, his links with the radical left and big business became even clearer.  BlackRock, which has had a revolving door relationship with the Obama-Biden administration, manages more assets than anyone in the world: the equivalent of $8.7 trillion. Bloomberg characterizes it as the “fourth branch of government.” As the government prints money to keep the economy afloat, BlackRock is an essential partner, managing that cash.

BlackRock investment executive Brian Deese, a senior adviser to Obama, now leads the National Economic Council under Biden.  Adewale Adeyemo, Obama’s senior international economics adviser, then chief of staff to BlackRock’s chief executive, is now deputy treasury secretary for Biden. Michael Pyle, who worked in the Obama administration, has become BlackRock’s global chief investment strategist and will now be chief economic adviser to Kamala Harris. More than a dozen people went from the Obama administration to BlackRock.

BlackRock chairman Larry Fink is an enthusiastic Democrat whose close ties to government has brought him great returns.  Since 2004, his company has hired at least 84 former government or central bank officials. That is how you become the fourth branch of government.

And once you’re in, all kinds of doors open up. Ex-BlackRock executives are big fans of trade with China. And with Biden in office, BlackRock is readying some major deals with Beijing.

Source:  Why Are the Wealthy ‘Woke’? by Richard Palmer, the Trumpet.  You can read the article in its entirety at the link provided.

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *