Texas Senator Ted Cruz just gave Republicans a road map for the 2024 elections.
Republicans have a very, very long road ahead of them this election season. It’s not just because they’re the challenger seeking to retake the White House from troubled geriatric octogenarians and what I can safely assume are actual communists, but because they have a lot of litmus tests they have to pass.
Given, these tests happen every year as the concerns and needs of Americans change over time, but this year is different. The Democrats have reached a new peak of radicalism for the modern era. While we’re still not at Woodrow Wilson’s levels of authoritarianism, we’re definitely working up to it and I can imagine a second term for the Democrats will cause us to arrive at it.
But the threat isn’t just coming from the Democrats, it’s coming from the private sector. Readers will know I’m a huge fan of capitalism, but there are times when capitalism can go spiraling wildly out of control to the point where it corrupts and manipulates everything from the people in the streets to the people in Washington. We have some laws in place that prevent absolute domination by corporations seeking to hoover up every business around them, but that doesn’t mean corruption still doesn’t happen.
If there’s one thing the history of corporatism has taught us it’s that greed will not be contained. Greed breaks free. It expands to new territories and crashes through barriers. Painfully, maybe even dangerously, but…uh, greed finds a way.
And greed has definitely found a way to come crashing into our lives from almost every direction and only very recently has this problem been brought to the awareness of many Americans. I’d argue that there’s still not enough attention placed on it, but progress is being made in raising that awareness.
I’ve written quite a bit about the dangers posed by investment firms like BlackRock and Vanguard. For those still out of the know, nearly every corporation you know about is partially owned by either of these two firms with a massive amount of stock being held. In fact, BlackRock alone manages $10 trillion of the world’s cash. That’s one-fourth of the world’s money.
Avoiding using companies that have BlackRock’s tentacles in them is nearly impossible. You probably sleep on a BlackRock mattress, drive a BlackRock car, and take BlackRock medication. You buy it all through your BlackRock card tied to a BlackRock bank.
You live in the United States of BlackRock.
Egregiously, BlackRock is filled with leftist ideologues. If you’re wondering why so many corporations are going woke despite it clearly being against their best interests, it’s because BlackRock is telling them to. They’re the ones enforcing DEI and ESG standards that cause people like Dylan Mulvaney to become front-page news.
Something has to be done, and that brings us to Texas Senator Ted Cruz who is, once again, doing something.
As The Heartland Institute wrote on Thursday, Cruz is taking legislative action against these investment firms who are looking to push politics through the threat of financial punishments:
On June 8, Sen. Ted Cruz (R-TX) introduced a bill that would prohibit “companies that manage investment funds held in federal employee retirement accounts from using those holdings to vote in corporate shareholder meetings to force” ESG and DEI upon private businesses.
The bill, known as the STOP TSP ESG Act, specifically targets woke financial giants such as BlackRock, which Cruz argues, “is able to leverage its position as the fund manager to vote in shareholder meetings and to force publicly traded companies to adopt ESG and DEI policies, even if doing so adversely affects investor value.”
As Heartland notes, this bill is highly unlikely to get past Biden as he has a very close relationship with the investment firm, but what Cruz has done is set the heading for every Republican walking into the ring. The message to them should be clearer than an angel’s trumpet; “you better be willing to do what Biden won’t on BlackRock.”
Part of any Republican platform going forward should contain a plan on how they will resist and weaken these investment firms. A Republican with no plan should immediately be under suspicion and discarded as an option.
Of all the issues facing our nation, this one ranks near the top. BlackRock controls everything from your food to your entertainment, and they are in the business of forcing behaviors. They can control whether or not your card works at various locations like gun stores. They can push LGBT content on your child through various media. They can cause a corporation to collapse by forcing bad marketing on them.
This has to stop.