Bridgewater, KKR, and BlackRock’s support for Communist China is deeply unpatriotic
Tom Rogan
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As Semafor reports, President Joe Biden is preparing an executive order to restrict U.S. private investments in China’s technology and security industries. Semafor also notes that a number of powerful U.S. investment firms are pushing back against Biden. Unsurprisingly, this ignominious grouping includes BlackRock and KKR.
Many U.S. military and intelligence analysts now believe that China may attack Taiwan within the 2023-2028 period. Biden has four times pledged to defend that island democracy (even if he has later hedged each time). Still, however, BlackRock and KKR insist on putting their own greed before the lives of far nobler and generally younger people in the U.S. military. Considering China’s geographic advantages in any Taiwan conflict and the scaled capability of the People’s Liberation Army’s naval, air, and missile forces, many American service personnel will likely die in a future war.
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The import of Biden’s executive order is thus clear: limiting U.S. investments that will assist the PLA in making more accurate, deadly weapons and advancing other military capabilities to fight the U.S. military. But instead of recognizing this risk to their fellow citizens and Taiwan’s democracy, those who lead these American investment firms offer only grotesque moral hypocrisy.
Another firm with reason to oppose this order is Bridgewater Associates. Bridgewater’s founder, Ray Dalio, is an insufferable egoist (his life-guidance books should come with a reader suicide risk warning) known mostly for his salivating dedication to investment in China at all costs. In fact, he began a new investment drive just this week. Dalio might as well join the Chinese Communist Party.
BlackRock’s Larry Fink is a similarly absurd character, if more pathetic in his hilarious moral hypocrisy. An early Wall Street endorser of the environmental, social, and corporate governance, or ESG, movement, Fink has done much to bolster his virtue-signaling credentials at home. But when it comes to China, his moral stance is similar to that of many American multinationals. Fink likes to talk about climate change, just don’t expect him to mention China’s genocide against the Uyghur Muslims.
China is aiming to reshape the international order by replacing its post-1945 tenets of individual rights and democratic sovereignty with a Beijing-led order of feudal mercantilism. As with its policies toward Taiwan, the Uyghurs, the people of Hong Kong and Xi’an, and on so many other issues, Chinese President Xi Jinping’s regime aims to eviscerate the values that Americans hold most dear. It is tragic that Dalio, Fink, and company so happily prostrate themselves in Xi’s service just to grow a little fatter at his trough.
That they would gorge themselves on Communist cake, even if doing so sends more Americans to the bottom of the sea, is utterly unpatriotic.
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