4min chapter

Analysis cover image

What are companies for?

Analysis

CHAPTER

The Power of Wall Street

The 2008 crash gave a lot of people a sense that global capitalism was somehow. A threat. Larry Fink, the founder and CEO of BlackRock is trying to show business can be a positive force. But Tarik Fanci now believes ESG investing is a dangerous placebo which doesn't do anything to help the planet or even does harm. And he argues it's not bankers who will be most affected by climate change.

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