Juliet Samuel

Thursday

Juliet Samuel

Why do we still struggle to see Xi’s China as a threat?

From our UK edition

For years Westminster has been obsessing over Russian interference in Britain. Yet while we fret over oligarchs and social-media bots, the most dangerous assault on our democracy and security goes not just unchallenged, but largely unnoticed. Beijing is richer and more sophisticated than Moscow on every level, and its influence more prevalent across British society. But even as we witness events in Hong Kong and Xinjiang, we still struggle to see China as a threat to our way of life. This blind spot means China has been able quietly to amass huge amounts of influence with little pushback. Just look at how Huawei settled itself in our communications infrastructure and then expanded into our establishment.

Thursday

Juliet Samuel

The sinister rise of BlackRock asset manager

From our UK edition

A few months ago, an aggressive US pressure group called the Campaign for Accountability declared that it had a new target: the Wall Street behemoth BlackRock. Quickly, the American press picked up on this campaign against excessive corporate power. Soon we were reading about how BlackRock, like Goldman Sachs before it, ‘rules the world’. Despite BlackRock’s supposed omni-potence, it is relatively unknown in Britain. It might be the biggest private manager of assets in the world but, in political terms, the company has existed in relative obscurity. That is, until last year, when it handed George Osborne a £650,000 contract for giving ‘advice’ one day a week. In recent months, the firm’s political profile has been rising.

Thursday

Juliet Samuel

BlackRock in the spotlight

From our UK edition

A few months ago, an aggressive US pressure group called the Campaign for Accountability declared that it had a new target: the Wall Street behemoth BlackRock. Quickly, the American press picked up on this campaign against excessive corporate power. Soon we were reading about how BlackRock, like Goldman Sachs before it, ‘rules the world’. Despite BlackRock’s supposed omni-potence, it is relatively unknown in Britain. It might be the biggest private manager of assets in the world but, in political terms, the company has existed in relative obscurity. That is, until last year, when it handed George Osborne a £650,000 contract for giving ‘advice’ one day a week. In recent months, the firm’s political profile has been rising.