In a sobering report by the Claremont Institute, an astonishing $82.9 billion has been funneled to the Black Lives Matter (BLM) movement and related causes by various corporations, resulting in what the Center for the American Way of Life has labeled as “possibly the most lucrative shakedown of corporate America in its history.”
While the BLM movement claims to champion racial justice, the lack of accountability and transparency in allocating these funds raises serious questions about corporate responsibility and the ethics of donating without proper vetting.
With a sum larger than the GDP of 46 African countries, the $82.9 billion garnered from corporations across various industries is alarming. Walmart, Amazon, Silicon Valley Bank, Abbvie, American Express, Apple, Nike, Wells Fargo, Prudential Financial, Mastercard, and asset management giant BlackRock are just a few corporations that have succumbed to the BLM pressure campaign. Additionally, airlines like United Airlines, JetBlue, Southwest Airlines, and Delta Airlines have contributed millions to BLM and related causes.
The Claremont Institute’s report sheds light on how the funds have been used. The Global Network, for instance, has been investing tens of millions of dollars into future operations, purchasing luxury real estate, engaging in nepotism, disbursing grants to BLM chapters and revolutionary organizations, and operating a PAC to elect progressive community leaders and activists.
In addition, local BLM chapters are spending millions on activism and initiatives to defund police departments. At the same time, “BLM At School” indoctrinates children around the country in critical race theory and queer theory, teaching them to despise themselves, their peers, and their country.
Left-wing nonprofits have been affecting radical societal change beyond usual legislative avenues, constituting a form of shadow governance. The agenda has even infiltrated the financial industry’s loan operations, with banks issuing billions of dollars in subprime loans “to help end systemic racism.”
Moreover, corporations have funded leftist bail funds that release violent rioters and criminals onto the streets and have collaborated to create racialized, anti-meritocratic hiring schemes.
The sheer scale of this “shakedown” reveals a disturbing trend of corporations blindly funding organizations without conducting proper due diligence. The lack of transparency and accountability regarding how these funds are being used raises questions about the true intentions of the BLM movement and its related causes. This massive influx of cash has allowed the movement to operate without checks and balances, leading to the possible misuse of funds and a lack of tangible progress toward achieving racial equity.
Corporations are responsible for ensuring that their contributions are used ethically and effectively to advance the causes they claim to support. Unfortunately, by giving in to pressure campaigns and donating without proper vetting, corporations have enabled the BLM movement to operate with impunity and without clear objectives.
This “lucrative shakedown” serves as a wake-up call for corporate America to reassess its priorities, thoroughly vet the organizations it supports, and demand accountability and transparency in its contributions. Otherwise, the unchecked funding of organizations like BLM will only perpetuate a cycle of division and radicalization within society.