The Kids Are Alright. BlackRock’s President Isn’t.
BlackRock president Rob Kapito has a lot of nerve calling young Americans entitled brats. In reality, millennials and Zoomers are struggling to find a foothold in a harsh economic climate that BlackRock executives themselves helped create.
On Tuesday, March 29, BlackRock president Robert Kapito called milennials “entitled” and said, “For the first time, this generation is going to go into a store and not be able to get what they want.” (Brent Lewin / Bloomberg via Getty Images)
The latest salvo in the generation wars comes from Rob Kapito, the sixty-five-year-old president of BlackRock.
Young people today are “entitled” and strangers to sacrifice, Kapito said on Tuesday. “For the first time, this generation is going to go into a store and not be able to get what they want.”
Hey kids, quit your whining about skyrocketing inequality and inflation, shortages of goods and services, and the rising threat of climate change and World War III. Instead, listen to the hard-earned wisdom of a cartoon villain speaking at a fossil fuel industry convention — one whose activities helped lead to the 2008 financial crash.
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