But so what? We’re all global citizens, right?
Newly discovered deep ties between the chief investment officer (CIO) of the California Public Employees Retirement System (CalPERS) and the Chinese government, along with CalPERS’s China investment holdings, have provoked controversy about the operations of the largest public retirement fund in the United States.
CalPERS manages more than $350 billion for public employees either retired from or currently working for most of the state and local public agencies in California.
The fund holds tens of millions of shares in equities of Chinese companies. Among other things, these companies develop advanced weapons for China’s People’s Liberation Army (PLA), and, according to one expert, are involved in unethical business practices and human rights abuses, including the concentration camps holding Uyghurs in Xinjiang.
As I’ve stated in the past, a new people begets a new government. My friend’s Chinese wife is buying-up half the county while a couple from Shanghai own the drug house on my street. My new Chinese overlords will not be without their drawbacks, but they find American “liberals'” sexual ideology and coddling of dope fiends and vagrants to be laughable. They won’t be writing charity checks to anyone nor paying settlements to anyone they’ve misgendered. On the whole, they’re going to make fairer masters than, say, Governor Patrick Bateman (Gavin Newsome).