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Ramaswamy Does What Every Republican Should Be Doing, Makes BlackRock a Campaign Issue


Vivek Ramaswamy Does What Every Republican Should Be Doing, Makes BlackRock a Campaign Issue

By Brandon Morse
August 21, 2023

Vivek Ramaswamy's stock just went up a few points.

Back in June, Texas Senator Ted Cruz began creating legislation that sweeps the legs out from woke financial giants like BlackRock. The bill he suggested 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.

It was a bill that was doomed to fail as many politicians, especially the Bidens, have such a close relationship with the investment firm, but Cruz's shot across their bow set the standard attitude for Republicans running in 2024 toward firms like BlackRock and Vanguard.

This attitude became a simple test. If weakening BlackRock's hold on America wasn't part of a Republican's platform, then they weren't to be trusted.

(READ: Ted Cruz Just Did What Every Republican 2024 Candidate Better Do)

Before he became a 2024 Republican candidate, Ramaswamy put a lot of focus on woke capitalism, which can be summed up as firms utilizing their hold on corporations to push agendas on them that look a lot like a modern authoritarian's wishlist. These agenda items look like they could have been written by Hillary Clinton and/or Barack Obama. He even wrote a New York Times bestseller about it called "Woke Inc.," which you should read even if you aren't a fan of Ramaswamy.

During a Q&A, Ramaswamy was asked about these organizations and how he would deal with them, and Ramaswamy answered the question quite well.

He boiled it down to what he called a "1776 question."

"The basic premise is that we, the people, cannot be trusted to solve existential questions like climate change," said Ramaswamy. "That we get it wrong. That we burn a planet entering an ice age  — which is what they said during Richard Nixon."

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