Last updated: January 21, 2025
Larry Fink, the CEO of BlackRock and arguably one of the most powerful men on the planet, is now openly saying that the countries with xenophobic immigration policies are going to have a higher standard of living, faster productivity growth, and will be better able to accomdate the social impact of artificial intelligence advances over the coming years.
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“And so the paradigm of negative population growth is going to be changing. And the social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations,” he said.
Fink’s BlackRock manages $10.6 trillion in assets and has access to world leaders, CEOs, and some of the brightest minds on the planet, so when he speaks, people should listen whether they like what he is saying or not.
When Fink talks about xenophobic countries, he is talking about countries like South Korea, China, and Japan, where robotics and AI are being used to deal with the demographic situation instead of mass immigration. Of course, it must be noted that Fink himself has played a key role in driving DEI policies in corporations. BlackRock has used its trillions in investment dollars to strong-arm companies to adopt these policies, but society is not only turning against the policies, but Fink and others may also see the writing on the wall with AI and automation, and how many of the Asian countries seem to be outperforming the West.
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