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Fun and GameStop Andrew Stuttaford © Nick Zieminski/Reuters Outside a GameStop store in New York City, January 27, 2021.
National Review’s Daniel Tenreiro has been doing such good work on GameStop (see links below) that I was going to ignore that particular dumpster fire and concentrate on the latestpronouncements by Larry Fink. Fink is the chairman and CEO of BlackRock, the largest asset manager in the world with $8.7 trillion under management. Fink is also an oligarch’s oligarch, who is working hard to be a key figure in the corporatist America (where corporatism has, in effect, been updated by being redefined as “stakeholder capitalism,” and then supplemented by “socially responsible” investment) that is currently being put together at a quite remarkable pace.
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Print this article New York Governor Andrew Cuomo speaks during a daily briefing following the outbreak of the coronavirus in New York City, July 13, 2020.
(Mike Segar/Reuters)
Command and control is no way to run an economy. And the more centralized it is, the worse it becomes. We will doubtless be getting a taste of just how bad a system it can be if too many of the promises/threats contained in the Green New Deal are implemented in the next few years, but in the meantime, New York’s COVID-19 vaccination program is showing signs of the damage that over-centralization and bureaucratic overreach can bring in their wake.
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