Image: BlackRock CEO Larry Fink speaks at the 2016 Annual Meeting of the World Economic Forum in Davos, Switzerland.
CNBC: BlackRock’s Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization
* Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine is reversing the long-running trend of globalization.
* “I believe this has exacerbated the polarization and extremist behavior we are seeing across society today,” Fink said in his 2022 letter to shareholders.
* Fink, whose firm oversees more than $10 trillion, said BlackRock has suspended the purchase of any Russian securities in its active or index portfolios.
Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of the Cold War.
“The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink said in his 2022 letter to shareholders.
“It has left many communities and people feeling isolated and looking inward. I believe this has exacerbated the polarization and extremist behavior we are seeing across society today.”
Read more ....
WNU Editor: It is not only globalization that is coming to an end. The security framework that has been in existence since the break-up of the Soviet Union will now need to be re-structured.
BlackRock's CEO Says The Russian - Ukraine War Marks The End Of Globalization
BlackRock CEO says Russian invasion of Ukraine has 'put an end' to globalization -- The Hill
BlackRock's Larry Fink says Ukraine war 'put an end' to globalization -- FOX News
BlackRock says Russia’s war in Ukraine is the end of globalization -- CNN
Ukraine crisis marks the end of globalization – BlackRock -- RT
9 comments:
I feel soooo bad for Black Rock and the others.
Any of these globalists backed Biden and he dicked it all up. Biden does whatever the far left wants and the Black Rock types did not foresee this?
Black Rock and others are smart enough to make money on the upswing or the downswing.
Problem is that in the downswing people of middle and low class will be put in extremis and Black Rock will feast on that.
It almost makes you want to kick an airhead like AOC off the stage and take over the Leftwing.
Yes all the great things globalization brought us over the last 30 years. Like BlackRock, Bain Capital, hedge funds and rust belts.
If the end of "globalization" means the return of basic US manufacturing, energy independence and secure borders, its a good thing.
Re: the security framework restructure, I don't think that will be a complicated as some might think. It might mean the creation of multiple, regional Military Treaty Organizations, instead of just one.
When I learned about globalisation in high school and then university, I was told it'll lead to a reduction of war.. instead we had so many wars and so much destruction(culture, national sovereignty, human rights etc) that I hope globalisation ends yesterday.
Fck all globalists, and ideally hang them for plundering public treasure and starting all these wars
I thought we backed Ukraine in this fight to preserve "globalization" and of course more importantly to protect Hunter and other important members of our leadership class.
Is this man admitting the obvious? Ukraine has lost and any further attempts to support them is futile. When in a hole, first order of business STOP DIGGING!! PM of Israel Naftali Benet of Israel offered sound advice. US Rep Marjorie Taylor-Green offered astute analysis to her constituents regarding this situation.
Suggestion: we Americana deal w8th these cretins who are cursing us before foreign powers do. We can make distinctions. They won't.
Regardless of the odds I hope Ukraine prevails.
"Is this man admitting the obvious? Ukraine has lost and any further attempts to support them is futile. When in a hole, first order of business STOP DIGGING!!"
There is the Russian propagandist we all know and love.
The last statement is the "Aw shucks, guys I am one of you." You already set the hook with your "Ukraine has lost."
Set the hook w/ "Ukraine has lost" and the back off. If called on it, protest w/ "Who me?"
We deal in reality as opposed to hope. Hope isn't a good strategy. I truly hope Ukraine prevails here regardless how likely zi think it is. A good leader studies the situation at hand and makes decisions accordingly to try and best represent the interests of those they are entrusted to lead. Impaling someone on an alter of ideology helps no one!!
Hope or casualty lists and TOEs?
Good.
Good, now break them up.
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