LARRY FINK CONFESSES ON FOX: Has the end of woke capitalism arrived?

I wanted to share with you an interview that Brett Baier from Fox conducted with Larry Fink, which you can watch, okay? We cannot release the images because they might be perceived as a competing medium. And what it doesn't do is give Fox the images. Although many of us are told, you're thinking the same thing, well, it's just less money, or it's going to one person or going to another. Well, regarding the idea that we think the same, I would qualify that significantly. The photograph surrounding how Brett Baier, a lead journalist at Fox, interviews Larry Fink. Miren, from the picture, right?, from the photograph, I'm going to try to describe it to you, right?, with every possible detail, right? in how I have it in my mind to convey it to you. But from the photograph, one might say most aptly, from the image, from the photograph of the interview, Where is Brett Baier and Larry Fink? Well, I changed it, right? In which Larry Fink is confessing. His body, in terms of posture, in how he gives explanations, everything is in a kind of "I'm sorry," isn't it? But it's not as if I'm asking with my mouth too wide open, is it? Still, I'm asking for forgiveness. What is it saying? Look, Brett Baier tells him in a very direct way. It's a kind of reset, isn't it?, the one he loves so much at the Damos Forum, isn't it? a kind of reboot of photography around what has been accomplished in the world of woke in recent times. He asked Brett Baier if he thinks the woke era was a failed experiment. And he tells him, I'm referring to ESG—environmental, social, and governance criteria, diversity, equity, inclusion, and all that momentum. Come on, go straight to Larry Fink. You've made a mistake. Has this been a failed experiment? Larry Fink responds. Society is shifting. The pendulum is always swinging. Bipartisanship. The pendulum swings constantly. They are killed, yet they divide the power among themselves. The pendulum swings constantly. In the case of BlackRock, we are responsible for managing money from around the world. There's no lack of comment, is there? We are responsible for managing the money of the entire world. I think five years ago the pendulum was too far away? Yes. I think we're more pragmatic now? Personally, I'm more pragmatic. No. Trump is forcing you to be more pragmatic—what you call pragmatic. Looking back, and even though we're currently working with Occidental, the oil company. We are more pragmatic. And it goes into greater detail. What does Larry Fink say in that interview? Look, it's a mea culpa from the pendulum. Come on, liberalism needs the state just as much as communism needs the state at the heart of economic activity. Fink openly admits that corporate activism has gone too far. But it's much better within the warmth of the State than outside of it. His ideas—Huóquism, the left, Biden, a Democrat—were all part of the heat of the state, and now we must survive the years of Trump. And for that, one must go to the confessional, to Fox, and tell them, "We were wrong, but in two years or six, they'll do the same thing again." Because what the average citizen doesn't realize, or perhaps does realize, is that the pendulum swinging to the left reaches all the way up here, and the pendulum swinging to the right reaches all the way up here. They say there isn't a pendulum. Come on, the two-party system of the past two centuries. It remains unchanged, that is, the elites continue to govern societies through a new system in which the pendulum is the fundamental key. By saying the pendulum was too far away five years ago, what Larry Fink is doing in that confessional at Blackrock is acknowledging that Blackrock and Wall Street went too far in their ideological approach, alienating a segment of the market. They told a part of the market, you're not included— I'm for this idea, and I'm going to invest in this way, the green way. Even though they say no, it's clear that artificial intelligence has already changed everything for us. Now we need much more energy, and we did before too. What calls for a return to pragmatism and oil is an acceptance that one must survive alongside the State. With pragmatism now and wokism in the previous era. He has just given a name to our current era, the present one, in contrast to the wokist era, the pragmatic era. It's no longer about green or nothing, as was previously suggested with ESG and all that, but rather Larry Fink emphasizes collaboration—such as with Occidental Petroleum—as evidence of a new approach. The narrative has shifted before, with pressure to divest from fossil fuels. Now Larry Fink says, invest in an energy mix that includes hydrocarbons to meet actual demand. Well, this could have been done earlier. And then the factor of artificial intelligence and China is the most solid point for the Fox audience listening to him. That artificial intelligence consumes a massive amount of energy and causes us to change our minds. Larry Fink justifies his fiduciary stance by explaining in that interview that one cannot sustain the technological revolution With solar panels, gas and oil are still needed to keep the lights on, just as they were five years ago. Yet, they were led astray. If the client is profitable and oil is stagnant, BlackRock will invest there. I hold these assets, but if the money tells me to switch them, I switch them. The interview on Fox is? Larry Fink is the man who manages 10 trillion dollars at BlackRock. And he has just confirmed in that Fox interview what many suspected. The era of woke capitalism was driven forward. It is now retreating. It is retreating because of Trump. If Kamala Harris had won, we would have had woke all the way to our eyebrows. It's not that they're convinced, but rather that, simply, Larry Fink, everyone is convinced about the color of money. What matters here is the color of money. That is, benefits are now once again above politics. Government on the left, ideology to the death, due to the Democrats' intervention by the state. Government on the left, the pendulum swings—must stand with them at all times. Government on the right, let's give them money. Ideology, money. What Larry Fink is telling us is that the pendulum is swinging between two scenarios. The ideological one, where money sides with Nancy Pelosi, the ideological scenario when Democrats win. When the right wins, when the Republicans win, give them money—fill them up with money to the brim, because ideology will mean nothing to them. Are they going to support her? Yes. But if it were someone else and they could make a lot of money, they'd be indifferent too. Well, that's the world we're living in. They should have told Larry Fink: adapt or die. Let them come; we'll give each politician what they need. Well, 8 minus 2 minutes, Don Ignacio García Valdés Casas will be with us shortly as well. We'll experience the market pre-opening and opening with Manuel Velázquez. Hello.