41. BlackRock: CEO of the World (patreon teaser) - a podcast by This Machine Kills

After jumping into the abyss of indexation, we’re now smacking directly into BlackRock bottom. The world’s largest asset, which oversees $8.67 trillion, has grown at an unimaginable scale and pace—thanks in no small part to their fintech platform Aladdin on which sits at least $21.6 trillion from major clients. Those are astronomical numbers, but this episode brings their impacts down to earth. We discuss this monstrosity of finance, how BlackRock’s big black box is consuming the world’s wealth, and the plans of its CEO, Larry Fink, to solve climate change while making a hefty profit in the process.

Some stuff we reference:• Is BlackRock the New Vampire Squid? by Kate Aronoff https://newrepublic.com/article/158263/blackrock-climate-change-fossil-fuel-investments
• BlackRock’s Black Box: The Technology Hub of Modern Finance by Richard Henderson and Owen Walker https://www.ft.com/content/5ba6f40e-4e4d-11ea-95a0-43d18ec715f5• Larry Fink Letter to CEOs 2021 https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter

Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekillsHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl).

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