The Claremont Institute’s Center for the American Way of Life explained the necessity of their report in an article published in Newsweek, where the Center asserted that the 2020 BLM movement was about more than just “rioting and destruction.”
The Center explained that “The BLM pressure campaigns, harassment, and moral blackmail also amounted to possibly the most lucrative shakedown of corporate America in its history.”
“As a point of reference, $82.9 billion is more than the GDP of 46 African countries. In 2022, the Ford Motor Company’s profits were $23 billion,” they also noted. The sum of $82.9 million includes “more than $123 million to the BLM parent organizations directly,” as well as much more to other organizations supporting BLM’s agenda.
The list reveals that several popular corporations from a wide range of different industries supplied the movement with large sums of cash. Walmart, for example, which is based in Arkansas, gave a whopping $100 million in support of BLM and related causes focusing on “racial equity.” Amazon gave even more, supplying the movement with an astonishing $169.5 million. Silicon Valley Bank gave the movement $73.45 million.
Meanwhile, the pharmaceutical company Abbvie gave the movement over $62 million in funding. Allstate gave $7.7 million to the cause and American Express gave $50 million. Apple gave $100 million while AT&T gave $21.5 million. The movement and its causes received another $90 million from Nike.
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United Airlines, JetBlue, Southwest Airlines, and Delta Airlines all gave money to BLM and related causes as well.
Bank of America, meanwhile, provided $18.25 million to BLM and related causes while Wells Fargo diverted $210 million towards BLM and related causes. Deloitte gave $85 million to BLM and related causes.
New York City has agreed to pay more than $20,000 each to hundreds of individuals who were trapped by police and attacked with batons and pepper spray during a 2020 Black Lives Matter protest in the Mott Haven neighborhood of the Bronx.
If you’re curious to delve deeper into the topic, read more about it here.