We have a woke capital problem because limited government conservatives failed to curtail the infinite morass of regulations on corps because they were afraid to attack anti-discrimination regulation. Now it's been used as a weapon to ensure that corps never displease the left.https://twitter.com/EmeraldRobinson/status/1379800020912857090 …
What can BlackRock do? Cut off their access to bond markets? Other firms will do their issues for them in that case. Market players in competitive markets don't have power without coordination and they can't coordinate without state power.
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You're missing the point; they can issue diktats all they want - *why* are they obeyed? Because BlackRock controls financing? Why can't a going concern just switch financiers? (it could if they were a going concern)
End of conversation
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