The Black Lives Matter (BLM) riots of 2020, which left over 200 American cities in flames and caused more than $2 billion in damages, galvanized a historic transfer of wealth to racial, radical left-wing causes. According to data gathered by the Claremont Institute, American corporations gave or pledged more than $83 billion to either BLM or BLM-related causes, with McKinsey and Company estimating an even larger number of $340 billion pledged to racial equity.
While the money was given or pledged in various ways, it all went towards so-called “racial justice.” This included cash transfers to BLM partners, such as the Color of Change, the NAACP, the Equal Justice Initiative, and the ACLU, as well as contributions to race-based, discriminatory hiring programs, sub-prime lending, scholarships, and partisan voter initiatives. Diversity, Equity, and Inclusion (DEI) initiatives, which closely align with BLM’s goals, also received funding.
“BLM called for reparations. In a sense, they succeeded, as these reparations were paid out to BLM itself (approximately $122 million) and to its vast NGO archipelago and other racialized causes and schemes under various names.”The Federalist
Both DEI and BLM share a mission to punish white America and redistribute privileges and money to black Americans by exploiting white guilt. They stand against meritocracy, the rule of law, freedom of speech, and individual rights. Large banks like JP Morgan, Bank of America, and Silicon Valley Bank have given or pledged significant amounts of money to race-based initiatives after the 2020 BLM riots.
BLM’s influence extends to middle-American companies as well. Cargill, a Minnesota-based food producer, launched its “Black Farmer Equity Initiative” and pledged $11 billion to the program through 2030. Kroger, a grocery chain, spent at least $13 million to advance racial division, including contributions to its “Framework for Action: Diversity, Equity and Inclusion” initiative and partnering with the race-based hiring platform OneTen.
Caterpillar, a heavy equipment producer, donated to the NAACP and the Equal Justice Initiative, and also partnered with OneTen. John Deere donated $1 million to the NAACP, an official partner of BLM.
Even defense contractors, traditionally neutral and dedicated to national security, submitted to BLM’s demands. Northrop Grumman donated to the NAACP and organizations promoting social justice, and partnered with OneTen. Raytheon pledged $25 million over five years to advance racial justice, including donations to the NAACP, Equal Justice Initiative, and National Urban League. Boeing pledged a minimum of $25 million by 2023 towards racial equity and social justice, with $15.6 million contributed in 2020 to organizations addressing racial inequity.
By caving to BLM, American companies have not only become tools of radicals, but also laid the groundwork for future violence and extortion. It is crucial for journalists to explore this list further in order to understand the full extent of the shakedown.