Thursday, December 29, 2022

More On BlackRock's Plans For Ukraine

Following on the earlier "Zelensky Says Rebuilding Ukraine Will Cost More Than $1 trillion; Talks To BlackRock About The Opportunity (BLK)".

From Yahoo Finance' "BlackRock to advise Zelensky on investments aimed to rebuild Ukraine", this line in particular stands out:

“Volodymyr Zelensky and Larry Fink agreed to focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channeling investment into the most relevant and impactful sectors of the Ukrainian economy,”

That sounds pretty darned comprhensive.
And which elicited from Common Dreams, December 29: 
BlackRock Accused of 'Trying to Cash In On the Disaster' With Ukraine Reconstruction Deal  
"This is going to make the neoliberalism and privatization the U.S. inflicted on post-Soviet Russia look like child's play," one critic predicted. 

Investment behemoth BlackRock was accused Thursday of what author Naomi Klein termed "disaster capitalism" after war-ravaged Ukraine's president announced he would work with the firm to coordinate foreign investment in the country's reconstruction.

"The BlackRock team has been working for several months on a project to advise the Ukrainian government on how to structure the country's reconstruction funds," Ukrainian President Volodymyr Zelenskyy's office said Wednesday following the president's video conference with BlackRock CEO Larry Fink.

Zelenskyy's office said that the two men "agreed to focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channeling investment into the most relevant and impactful sectors of the Ukrainian economy."

In language evocative of Klein'sThe Shock Doctrine: The Rise of Disaster Capitalism, Medea Benjamin, co-founder of the peace group CodePink, tweeted that BlackRock is "already trying to cash in on the disaster in Ukraine."

Investigative journalist and Status Coup CEO Jordan Chariton predicted that "this is going to make the neoliberalism and privatization the U.S. inflicted on post-Soviet Russia look like child's play."....

....MUCH MORE

Let us hope this turns out to not be the case.
Shock Therapy is what led to the rise of Putin.

If interested see also:
"Shock therapy on the world economy"
I've been wondering if Germany was going to experience something similar to what was done to Russia...but in this essay one of our favorite Marxist Economists implies it could happen on a much wider scale....

And: 
There are a lot of secrets that have yet to be exposed and the amount of money taken out of Russia and Ukraine, not just by the oligarchs but also by the hordes of American and European kleptos is almost beyound belief.
Let's say, oh, an eighth-of-a-trillion dollars. 
Back when a trillion was real money.....