Vanguard, BlackRock, and State Street executives are in a state of shock after losing this battle in their war against Main Street

Photo by Pixabay from Pexels

When the radical Left can’t advance its woke agenda through legislation – it turns to its allies to do their bidding for them.

That can take the form of Big Media and celebrities, Big Tech and social influencers, classroom propaganda in government-run schools, or via woke corporatism.

But now executives at Vanguard, BlackRock, and State Street are dumbfounded after losing this one battle in the war they’re waging against Main Street Americans. 

Politics make for strange bedfellows 

Democrats have long accused Republicans of being the political party in bed with big business.

There was a time in history when that may have been the case – but since corporations began focusing on the global marketplace, they’ve switched allegiances to the Left. 

Now, massive investment firms like Vanguard, BlackRock, and State Street, have strongarmed businesses to implement Environmental Social Governance (ESG) and Diversity Equity & Inclusion (DEI) policies.

The strategy has been incredibly successful for the far-left. 

However, blue-collar Americans have started fighting back. 

They’ve boycotted companies like Anheuser-Busch and Target and supported an alternate economy with tools like PublicSq. 

And the latest numbers show the boycotts and buycotts are working – and that has the globalists running the largest investment firms in the world shaking in their very expensive, imported loafers. 

Follow the money away from woke mandates

Morningstar numbers show ESG funds lost around $ 2.7 billion in the third quarter of 2023.

As Americans vote with their wallets, investors are taking notice and shifting their money away from companies that focus on non-profitable agendas like ESG and DEI. 

And the workplace policies are starting to follow the money. 

The Wall Street Journal is now reporting in December American companies eliminated more ESG and DEI positions than they created. 

According to The Wall Street Journal, in the final month of 2023, U.S. companies disposed of 3,071 employees with positions related to ESG or DEI. 

Compare that to just 2,897 new ESG or DEI jobs. 

That’s a net loss of 174 woke positions gone, freeing up room for companies to replace those spots with productive roles. 

The trend goes beyond last month 

“2023 saw a real cooling in chatter around ESG and in some quarters, quite a pronounced attack on what ESG was about,” Joe Dubbin, managing director at executive search firm Cripps Leadership Advisors, told The Wall Street Journal. “It has certainly filtered through into the hiring requirements that we’ve been tasked to go do.”

The report went on to say in six of the past twelve months, businesses have cut more ESH and DEI jobs than they’ve filled. 

You can see in the above graph that the trendline doesn’t look good for college grads who majored in supposed “social justice” courses. 

Last year, there was basically a wash in these woke positions, with just about as many being axed as being created.

Compare that to 2022, when there were about a net-positive of 11,000 more ESG and DEI jobs added, and 2021, when the difference was almost 20,000. 

According to the Journal, Facebook parent Meta, Amazon, and Google led the way in disposing of the most positions. 

Red states fighting back 

Back in March of last year, Florida’s Republican Governor Ron DeSantis announced he would be pulling the Sunshine State’s $ 2 billion in investments out of BlackRock.

DeSantis’ bold move showed leadership, with Missouri soon after pulling its $500- Million in annual investments out of BlackRock.

And America’s Governor formed an alliance with 18 other red states all vowing to take a stand against President Joe Biden’s ESG agenda – which is very similar to BlackRock’s.

The states joining this effort include Alabama, Alaska, Arkansas, Florida, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia, and Wyoming.

Stay tuned to Unmuzzled News for any updates to this ongoing story.

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