"The truth about this money: It is invested with some of the worst actors engineering the current takeover. That includes private equity firms, venture capitalists, and asset managers-the most powerful corporations in the world and the billionaires that run them. Many of these people are actively supporting the Trump administration; most are doing little to nothing to oppose it. And all oversee millions, if not billions, of dollars in worker and community capital."
"President Donald Trump and his authoritarian allies are actively working to intimidate any institutions, companies, organizations, or wealthy individuals with money that might be thinking of stepping up. But working people in the United States actually have a major source of money on their side, even if they have largely ceded control of it: workers' retirement funds, one of the largest pools of capital in the world."
Federal government and corporate actors are tearing communities apart through immigration enforcement that targets parents, siblings, neighbors, and friends. Workers' retirement funds constitute one of the largest pools of capital globally, often larger than many national economies, yet control has been largely ceded. Those funds are invested with private equity firms, venture capitalists, and powerful asset managers who back authoritarian and corporate takeover efforts. Many billionaire investors actively support or do little to oppose the administration advancing these policies. Movements for multiracial democracy are organizing through campaigns and alliances to mobilize people, protest, and strategize using every available tool, including pension power.
Read at Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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