If you think BlackRock’s ESG is bad, why invent a mightier tool for political interference in markets?

An American sovereign wealth fund would also “increas[e] the likelihood of political interference in financial markets,” according to Boccia. That could, in turn, undermine private sector ...

President Trump signed an executive order last week to create a sovereign wealth fund — something previously ... look beyond conventional economic and political objectives.

A U.S. sovereign wealth fund could fall into the same trap — allocating capital based on political priorities rather than economic merit. Furthermore, an SWF would create dangerous incentives ...