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The Conversation
The Conversation
Carl Rhodes, Professor of Organization Studies, University of Technology Sydney

No, BlackRock is not leading a Marxist assault on capitalism

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Five years ago it would have been unimaginable, but today there is a global movement convinced the world’s largest corporations are engaging in stealth warfare to transform liberal democracies into neo-communist dictatorships.

At the heart of this corporate-led Marxist revolution, apparently, is the trend towards businesses not just focusing on profit maximisation but taking into account environmental, social and governance responsibilities (called ESG for short).

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