CEO of Gargantuan ESG Company Defends Big Tech Monopoly on CNBC

October 14th, 2024 11:37 AM

ESG-obsessed BlackRock CEO Larry Fink strongly opposed holding Google accountable after the biased, pro-censorship search giant was declared a “monopolist” in court. 

Fink went to bat for Google, Apple and Amazon in response to a question from chronically wrong CNBC host Jim Cramer on the Oct. 11 edition of Squawk on the Street. Cramer, who slavishly praised Fink throughout the segment, asked the BlackRock CEO whether the government was right to take Google to court while tussling with Amazon and Apple. The leader of a Leviathan asset manager that uses the size of its investments to pressure companies argued that Big Tech needed to stay big. “I like the U.S. position in technology, and it seems odd that we are now questioning the scale of these companies,” Fink said. “These companies actually are going to get quite a bit larger.”

U.S. District Court Judge Amit P. Mehta ruled on Aug. 5 in U.S. v. Google that “Google is a monopolist and it has acted as one to maintain its monopoly.” Specifically, Mehta found that Google has a monopoly in “general search services” and “general search text ads.” Over 90 percent of internet searches take place on Google and its subsidiary YouTube, amounting to billions of searches a day. The Department of Justice is considering serious consequences for Google, including possibly forcing the tech giant to “divest its Chrome browser and its Android operating system.”

Fink did not agree, casting support for Big Tech as somehow patriotic. “I'm not in agreement with the government,” he said. “They may have more knowledge than I do so I can’t speak about the specifics, but at the same time, we say that we … have a competitive advantage right now against China, and you know, the key is about our relative strength in technology, and it seems odd, at the same time we're becoming more and more dependent on our technologies, and we're now talking about breaking up these technology companies?”

Rather than serve any patriotic purpose, Google exploits its massive power for partisan ends, several MRC Free Speech America studies have found. Google has interfered in American elections on behalf of its preferred candidates at least 41 times from 2008 through early 2024. 

Google buried Trump’s campaign website so far down that it did not appear on the first page of results during the Republican National Convention and ahead of the July presidential debate between former President Donald Trump and President Joe Biden. The search giant also did this while Trump shortly after a guilty verdict following Manhattan District Attorney Alvin Bragg’s politicized prosecution of him. 

More recently, Google has been caught burying the Trump campaign’s website beneath negative news about the former president, while pushing any news from American right-of-center publications deep down in the search results.  

Fink’s BlackRock, which controls trillions of assets, also abuses its power. Fink has boasted that BlackRock has been "forcing behaviors" to achieve goals on gender and race. The BlackRock CEO, who has always been a huge proponent of ESG investing, continues pushing for the world to move away from cheap and abundant energy. During an October interview with leftist billionaire Michael Bloomberg’s Bloomberg TV, Fink said that “we have to be decarbonizing,” as he discussed BlackRock’s future plans for promoting infrastructure. 

Conservatives are under attack! Contact your representatives and demand that Big Tech be held to account to mirror the First Amendment while providing transparency, clarity on hate speech and equal footing for conservatives. If you have been censored, contact us using CensorTrack’s contact form, and help us hold Big Tech accountable.