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"massive transfer of wealth"
The Black Lives Matter (BLM) movement and related causes received an astonishing $82.9 billion from corporations, a new funding database from the Claremont Institute has found.
The Claremont Institute’s Center for the American Way of Life explained the necessity of their report in an article published in Newsweek, where the Center asserted that the 2020 BLM movement was about more than just “rioting and destruction.”
The Center explained that “The BLM pressure campaigns, harassment, and moral blackmail also amounted to possibly the most lucrative shakedown of corporate America in its history.”
“As a point of reference, $82.9 billion is more than the GDP of 46 African countries. In 2022, the Ford Motor Company’s profits were $23 billion,” they also noted. The sum of $82.9 million includes “more than $123 million to the BLM parent organizations directly,” as well as much more to other organizations supporting BLM’s agenda.
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The Claremont Institute’s Center for the American Way of Life also explained how the funds have been used, remarking that
Meanwhile, “Local BLM chapters are spending millions on activism and initiatives to defund police departments” and “BLM At School is indoctrinating children around the country in critical race theory and queer theory, teaching them to hate themselves, their peers, and their country.”
“Left-wing nonprofits are effecting wholescale societal change too radical for normal legislative avenues, constituting a form of shadow governance,” they went on to note.
The agenda has also seeped into the financial industry’s loan operations, the Center explains, pointing out that “banks are issuing billions of dollars in subprime loans ‘to help end systemic racism,’” all while “corporations are funding leftist bail funds that release violent rioters and criminals onto our streets and collaborating to create racialized, anti-meritocratic hiring schemes.”
The shakedown “may be viewed as a form of reparations made to self-declared enemies of the American nation and way of life,” they added.
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