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 …
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Why doesn't a United competitor come out and say "fly with us, we won't hire quota diversity pilots"? Because there would be a million lawsuits and investigations and the company would be bankrupt in a week and the executives in jail.
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Replying to @g0n3fishing
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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Replying to @g0n3fishing
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)
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Yes; because BlackRock doesn't actually have its own taxing authority.
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