Big corporations embrace the left, declare war on conservatives and the dirty secrets behind the “Great Reconfiguration,” all for the sake of power and money, according to an article by U.S. academic Justin Haskins published Tuesday (April 20).
Haskins is co-director of the Heartland Institute’s “Stop Socialism” project, where he is also a researcher and editorial director.
Haskins’ article is translated below.
In recent months, hundreds of major corporations and financial institutions have made high-profile endorsements of liberals and have even instituted policies that directly target conservatives or their views.
For example, on April 14, hundreds of the world’s largest companies and financial institutions, including Amazon, Google, Netflix and Starbucks, signed a statement opposing “discriminatory legislation. And it is apparently common sense that these pieces of legislation are designed to make elections safer. Like the recently passed reform law in Georgia, which includes a requirement that voters provide a driver’s license or free state ID to prove their identity before voting.
Similarly, Major League Baseball (MLB) recently announced that it was moving its annual All-Star Game out of Georgia in protest of the state’s new election requirements.
Coca-Cola allegedly gave radical diversity training to its employees in February, asking them to “try to be less white. According to the leaked speech, this involved “reducing oppression” and called for a “break from white solidarity.
Six of the largest U.S. banks announced in February and March that they would phase in net-zero CO2 financing requirements for all their operations, effectively making it impossible for fossil fuel companies and any other businesses to refuse to “go green” in order to get loans or benefit from the largest U.S. banks and various other financial services. Many other smaller banks have also signed on.
Why are so many large corporations and financial institutions supporting left-wing forces, alienating tens of millions of conservative Americans in the process? While there may be several important reasons, the biggest reason is nepotism, but not necessarily the old-fashioned backroom deals we are used to between corporate leaders and politicians.
The dramatic changes in monetary policy in recent years, combined with greater collaboration among bankers, investors, government officials and corporations, have ushered in a whole new era of cronyism and the centralization of economic and social decision making that poses great dangers to individual liberty.
Underlying this change is the recent rapid and massive increase in money printing by central banks in the United States and Europe, which have increased the money supply in these countries by trillions of dollars in just a few years. Once government officials realized that they could now spend money almost unchecked without raising taxes, and banks knew they could get a steady stream of new money cash from central banks on demand, then these two powerful groups understood that they could effectively manage most economic activity without having to pass a host of new laws, taxes and restrictions.
Instead of resisting these changes, large companies and investors know they can benefit greatly from this mechanism. All they have to do is play the game and keep up with the whimsical approaches of central banks, North American and European governments and their political allies, mostly left-wing militant groups and unions.
It sounds like a crazy right-wing conspiracy theory, but the evidence is overwhelming. in June 2020, the World Economic Forum, in partnership with CEOs and presidents of major corporations, powerful bankers, international institutions, trade union leaders and activists, launched the “Great Reconfiguration” initiative, which aims to reform the entire global economy.
Every country from the United States to China must participate, and every industry from oil and gas to technology must be transformed,” wrote Klaus Schwab, founder and executive chairman of the World Economic Forum, in an essay on the “Great Reconfiguration. ” “In short, we need a ‘great reconfiguration’ of capitalism.”
How exactly will this transformation happen? Precisely as we have seen, corporations and banks will socially implement left-wing social justice policies that will be rewarded by governments, central banks, and investors, who will also profit handsomely from the new cash flow from governments.
We know that this is happening not only because companies and banks have begun to align themselves with left-wing goals, even though they know it will annoy a large portion of their customer base, but also because companies have widely adopted environmental, social and governance (ESG) standards that systematize social justice goals within their operations.
According to KPMG, thousands of companies worldwide have established ESG or sustainability reporting systems, including 98 percent of large companies in the United States.
In addition, organizations like Principles for Responsible Investment (PRI) have managed to get more than 3,000 investors and investor groups to agree to support ESG systems. signatories to PRI control more than $100 trillion in wealth, so you can bet that when they speak up, large companies listen.
In the past, corporations typically stayed out of most political and ideological debates because alienating large segments of society is not usually a recipe for success in a market economy. But with trillions of dollars now flowing into financial institutions and banks, it makes more financial sense for corporations to lean left than to remain neutral.
To be sure, tens of millions of conservative clients collectively control a lot of money, but that money pales in comparison to those who have signed up to the Principles for Responsible Investment and ski with George Soros in the winter at Davos.
There’s a reason why companies are leaning to the left, and they didn’t just change all of a sudden. Like many other movements throughout history, the “Great Reconstruction” was all about money and power, and today the ruling class elites have access to both.
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