BlackRock’s CEO writes in his annual letter to shareholders Larry Fink That the world we knew before the “pandemic” is gone forever. “This world is gone!” It seems that in Fink’s wonderful new world, there isn’t much room for the union movement either.
Read: The Top Man in Black Rock: The Power of Capitalism
You can read Fink’s letter in English here: The power of capitalism.
A striking feature of Fink’s letter is that he embraces the concept of “stakeholder” capitalism, launched by Klaus Schwab and the World Economic Forum.
This concept is explained in Eric Platt’s article: The Global Redesign Initiative – Will Repaint the Prevailing World Order:
The essence of what the World Economic Forum represents can be expressed in the formation of multi-stakeholder governance. Governance in this context does not mean government but government, leadership and domination. But it is not governments that will rule, but groups with multiple stakeholders. When the World Economic Forum was founded in 1971, Klaus Schwab, founder and leader of the World Economic Forum, claimed that “Modern company management should serve all stakeholders, and act as the guardian of those responsible for maintaining the company’s long-term growth and wealth.” (The World Economic Forum: A Partner in Shaping History. The first forty years).
Note the purpose: What matters to the company are the company’s long-term interests.
Larry Fink wrote:
Stakeholder Capitalism (Stakeholder Capitalism? Oa) is not about politics. It is not a social or ideological agenda. It is not “wake up”. It’s capitalism, driven by the mutually beneficial relationships between you and the employees, customers, suppliers and communities that your business depends on to thrive. This is the power of capitalism.
Work life will not be known
Fink strikes a chord that will resonate in the working class. He says he cares about the welfare of the workers.
Workers who demand more from their employers are an essential feature of efficient capitalism. It drives prosperity and creates a more competitive environment for talent, and it pushes companies to create better and more creative environments for their employees – actions that will help them generate greater profits for their shareholders. Delivery companies are reaping the benefits. Our research shows that companies with strong ties to their employees have seen lower turnover levels and higher returns through the pandemic.
But this is only clear. In Larry Fink’s world, it is companies that will shape the new work life. Caring for workers is paternalistic.
Creating that environment is more complex than ever and extends far beyond issues of pay and flexibility. …
We at BlackRock want to understand how this trend is affecting your industry and your company. What do you do to strengthen the bonds with your employees? How do you make sure that employees of all backgrounds feel confident enough to increase their creativity, innovation, and productivity? How do you ensure that your board of directors has appropriate oversight on these critical issues? Where and how we work will never be the same. How is the company culture adapting to this new world?
Here, it is the parental multinational company that will make it easier for the employees to “maximize their creativity, innovation and productivity” to ensure maximum profit for the company.
Capital stakeholders must shape the community, manage the resources, and of course the employees. This is institutional capitalism. It has nothing to do with socialism, if anyone imagines it. However, it has many similarities with it the economic side of the outbreak, As Mussolini saw it.
Mussolini admitted that unions played an important historical role, but in fascism they should Class struggle is replaced by class cooperation. Workers, bosses and owners had to be organized into companies from top to bottom. These companies were to be subjugated to the authoritarian fascist state. Trade unions were banned outside businesses.
It was supposed to be a fascist state Everyone is included It takes care of all aspects of the subjects’ lives, everything from spirituality to sports, culture, work and finances. Citizens had to show discipline And obedience. In turn, the fascist state will be one Social status who provided care, education, housing, health care, etc.
Some of the important points that the BlackRock institutional community has in common with the approach of the Italian Fascists are:
- Violent authoritarian state and militarism
- Class cooperation instead of class struggle
- Shared state with top-down integration of state and business community
- patriarchal and inclusive state
- Modernity and Futurism, the fascists saw themselves as a modernizing force
Larry Fink builds on the system created during a “pandemic”, and the country that advocates the profits of BigPharma has really shown me to be authoritarian, violent, and militarized, compared to the internment camps in Australia and New Zealand. Stakeholder capitalism is an amalgamation from above between the state and multinational corporations, and as Fink describes it, corporations must shape society in their own image. Workers are given the status accorded to them by capitalist stakeholders, who “redefine the relationships between the company, its employees, and the surrounding community.”
Fascism filled the role that financial capital and big landowners needed a hundred years ago. Capital now has a similar need for corporate solutions. But the shapes will be different. While fascism needed the patriarchal family and the church, modern finance capital needed the dissolution of the family and all traditional ties between peoples in general. People will become free-moving particles that are pulled where capital needs them.
The new stakeholder community doesn’t need anyone either “Dossy”, some threads. The oligarchs who pull the strings have developed ways to use them Politicians without qualifications Being his avatars, like Emmanuel Macron in France, not to mention Justin Trudeau in Canada.
Multinational companies become a source of information for employees
“Covid-19 has also intensified the erosion of trust in traditional institutions and exacerbated polarization in many Western societies. This polarization poses a number of new challenges for CEOs. Political activists or the media can politicize the things your business does. They can hijack your brand to develop Their own agendas. In this environment, the facts themselves are often controversial, but companies have a chance to lead. Employees increasingly see their employer as the most reliable, efficient and ethical source of information – more than authorities, media, and NGOs.”
“Let all hope go / You who come down to the county of death”Karl Marx writes in an introduction Capital. These are words Marx borrowed from the man he named great florentine, fact Dante Alighieri. DrWords according to Dante in Divine Comedy On a rock at the entrance to Hell.
For the union movement, Larry Fink’s letter to CEOs should be read the same way. But the question is whether the trade union movement has leaders who are able to recognize themselves as traps when in direct confrontation.
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