The Woke BlackRock, and especially its CEO Larry Fink, are not just wide of the mark, they’ve missed the target altogether. Not only does the company push its intrinsically racist and sexist “diversity, equity, inclusion” ideology onto those companies in which it invests—often for the sole purpose of the push; investment quality being irrelevant—now it’s been caught out applying its racism and sexism in its internal hiring practices.
America First Legal Foundation sent a letter Tuesday to the New York District Office of the Equal Employment Opportunity Commission to demand an investigation into the asset management giant for allegedly “engaging in unlawful employment practices in violation of Title VII of the Civil Rights Act of 1964.”
“This program is just one piece of a long-term practice of BlackRock to use unlawful discriminatory employment practices to build its workforce,” the complaint stated. “Indeed, BlackRock has affirmatively and repeatedly represented to its shareholders, to its investors, and to the Securities and Exchange Commission, that its employment practices are infused with facially unlawful considerations of race, color, sex, and/or national origin.”
AFL added in a separate communication,
The odious and illegal practice of hiring based on immutable characteristics like race is a flagrant attack on civil rights that harms all Americans[.]
I’ll go further: it’s an insult to those minorities and women; BlackRock and Fink are saying that minorities and women are intrinsically inferior, inherently too stupid, to be able to compete without the special treatment and coddling that is preferential, DEI-based hiring.
There’s no doubt that there remains a disparity, especially in STEM environments, between white hiring into good-paying jobs and minority and women hiring into those jobs. But that disparity won’t be cured by preferentially hiring minorities and women; they still too often aren’t qualified for the positions, so they fail and set the program, and the hiring company, back.
The correction for the disparity lies in a factor that’s at the foundation of our nation: equal opportunity. That equality of opportunity doesn’t currently exist in our education system (among other milieus); see for a canonical example, the Baltimore, MD, school system’s failure and subsequent coverup by those responsible.
If BlackRock and similar entities put the money and energy they’re currently committing to push wokeness into improving our educational system (without the Woke…foolishness) and getting our children taught—from pre-K through high school—science, technology, engineering, and math, along with American history, Civics (and more of this than a single semester in junior high), Western Civilization, logic, and literature, with equal emphasis on inner city schools and wealthy district schools, those disparities would disappear in a generation.
The letter itself can be read at the first link above.