(we should always remember that DEI/ESG is a socialis government creation to inject politics into capitalism by forcing institutional investment orgs to factor in DEI/ESG stuff when deciding where to put their money and other people pension funds)
I don't think many people realize this. The reason Blackrock and Vanguard have the power they do is largely because of government sponsored retirement accounts. There's roughly 22,000,000
active employees in government in the United States, and that doesn't count the military or the retired people who can retire early like policemen, firefighters, and teachers of all things. That's 22,000,000 people who are putting in some money to those accounts with the government matching a greater percentage. Meanwhile, the government decides which investment firms they use for their employees.