this post was submitted on 08 Dec 2025
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Same for BlackRock which I maintain gets a lot more heat than the significantly worse Blackstone. BlackRock manages a bunch of index funds and was renounced by several red states for being too woke (the CEO apparently believes in ESG). Blackstone however buys entire neighbourhoods to jack up rent in an area.
At the end of the day they're all capitalists and none should exist, but I'm still fairly sure Blackrock has gotten a lot of the heat because the CEO is Jewish and a dem supporter. That gets the conspiracy theories flowing from the right. Doesn't mean he's a good person, I just think BR gets singled out suspiciously much in a world full of similar companies with even worse leadership.
I think it's literally because rock and stone occupy the same place in people's brain so they think they're the same company.