Tuesday, January 17, 2023

There Is a James Bond Reference In Here Somewhere ...

 ... and I'm struggling to find it:

“We must let the market play the fundamental role in the allocation of resources, and let the government play a better role. Some people say China will go for the planned economy. That’s by no means possible,” he said.

“All-round opening up is the basis of state policy and the key driver of economic progress. China’s national reality dictates that opening up to the world is a must, not an expediency. We must open up wider and make it work better,” he told the World Economic Forum.

The choice of Liu He as messenger of conciliation is lost on nobody. Both an economic modernizer and a graduate of Harvard’s Kennedy School of Government, his charm offensive in Davos hits two global constituencies at the same time.


See you when there are no more babies, China.

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Now, BlackRock normally doesn't have this building here in Davos, it's just a temporary design for the enormous hedge fund — they have over $10 trillion worth of assets under management.

They're a massive company, and they've got both sides covered. They're into war, with investments in Lockheed Martin and General Dynamics. They're into peace afterwards, with investments in rebuilding countries that have been levelled.

BlackRock's CEO Larry Fink is on the World Economic Forum's board of trustees, so you can bet that the policies promulgated by the secretive conclave here in Davos do whatever is best for BlackRock's shareholders.

Larry Fink is a bit of an ideologue himself. You'd think a billionaire like him would be a turbo capitalist, but BlackRock is actually a major proponent of cultural Marxism. Although they themselves, as I mentioned, are deeply invested in military companies, he promotes cultural Marxism and environmental extremism. Worse yet, he actually weaponizes the investments that he oversees.

It's amazing to me to see them at the World Economic Forum, which claims to be about doing good for the world.

We walked into BlackRock's pavilion, past the fleet of blacked out Mercedes-Benz SUVs parked out front, to see if they could answer any questions about what the company is doing in Davos. Despite the door being open and people coming and going, they told us it was a closed venue and kicked us out.

Despite asking some gentle questions, we couldn't get any answers. BlackRock is willing to put on a prepared presentation for you, but they won't answer any questions. Questions like, why should billionaires and oligarchs be developing policy — foreign, domestic, environmental, social policies — in secretive clubby meetings in Switzerland in some ski resort?

Who gave them a seat at the table? And when they talk about global citizenship, who died and made Larry Fink king? He's just a money manager, since when did we elect him to write policies under which we all have to live?

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Attendees at the World Economic Forum’s annual summit in Davos, Switzerland, are ordering escorts to come entertain them during their stay, according to a report from a popular Swiss news outlet.

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