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Rise of technocratic leaders
BlackRock has contributed to the rise of technocratic leaders who implement policies that favor the big financial institutions : In Italy , Mario Draghi , former President of the European Central Bank and key BlackRock ally , has been appointed Prime Minister in 2021 . Draghi ’ s policies prioritize financial stability and market liberalization , closely aligned with the interests of asset managers . In the USA , BlackRock alumni such as Brian Deese ( Director of the National Economic Council under President Biden ) hold key government positions , ensuring that the corporate worldview is well represented in policy discussions .
Media and narrative control
BlackRock ’ s substantial investments in media companies enable it to subtly shape public discourse . By holding stakes in conglomerates that control media outlets and streaming platforms , BlackRock can ensure that narratives that challenge its dominance rarely gain ground . Case study : The US elections of 2020 and beyond BlackRock ’ s influence was particularly evident during the 2020 US presidential election and its aftermath . The company cultivated relationships with both major political parties , ensuring that it would remain indispensable regardless of who won . Under President Biden : several BlackRock alumni were appointed to top economic positions , including Brian Deese and Adewale Adeyemo ( Deputy Secretary of the Treasury ). Their presence ensured that BlackRock ’ s interests were at the heart of economic stimulus plans , particularly with regard to infrastructure investment and green energy policies .
Flashmag ! Issue 156 January 2025
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