Woke Corporations Feeding Billions to Black Lives Matter By Charles Taylor (Florida)
So now we know that the Black Lives Matter (BLM) movement is more than just an ugly face, rioting and burning down buildings, as was seen after the excuse offered by the death of George Floyd. The Claremont Institute has found that BLM received $ 82.9 billion from corporations. But, how is this possible, for shouldn’t corporations follow the time-honoured principle of maximising shareholder’s profits, and how can this be done if they give away all the money? The Claremont Institute has said: “The BLM pressure campaigns, harassment, and moral blackmail also amounted to possibly the most lucrative shakedown of corporate America in its history.”
Be that as it may, even the corporates have fallen under the black magic of woke. Perhaps there is a legal address here by concerned shareholders, who could sue. But, I expect the fear of BLM will be too great. Such is life under the yoke of the Left.
“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 billion includes “more than $123 million to the BLM parent organizations directly,” as well as much more to other organizations supporting BLM’s agenda.
The list reveals that several popular corporations from a wide range of different industries supplied the movement with large sums of cash. Walmart, for example, which is based in Arkansas, gave a whopping $100 million in support of BLM and related causes focusing on “racial equity.” Amazon gave even more, supplying the movement with an astonishing $169.5 million.
Meanwhile, the pharmaceutical company Abbvie gave the movement over $62 million in funding. Allstate gave $7.7 million to the cause and American Express gave $50 million. Apple gave $100 million while AT&T gave $21.5 million. The movement and its causes received another $90 million from Nike.
United Airlines, JetBlue, Southwest Airlines, and Delta Airlines all gave money to BLM and related causes as well.
Bank of America, meanwhile, provided $18.25 million to BLM and related causes while Wells Fargo diverted $210 million towards BLM and related causes. Deloitte gave $85 million to BLM and related causes.