BlackRock Steps Back from ESG Push

In a recent interview, Larry Fink, CEO of BlackRock, signaled a shift in tone. The firm, once a strong advocate of ESG and DEI, is now taking a more “pragmatic” approach. Fink described the “woke” phase as part of a cycle and suggested it may have gone too far.

Looking past the word soup: what does it even mean for a financial firm to lead “environmental and social activism”?

As one Reddit commenter put it:

“None of this even touches on the absurdity of the proposition that an entity such as BlackRock could be considered an interlocutor for ‘environmental and social activism.’”

Another commenter sharpened that critique:

There’s a reason finance capitalist environmental and social plans focus so much on ‘consumerism’ and envision saving the world through a reduction of people and production, and in rent seeking, not a change in property ownership.”


The Hidden Tax on Indian Ambition

Lukas kienzler b3TAaBlBdps unsplash. Photo by Lukas Kienzler on Unsplash

 

I spent years losing time I'll never get back. In Bangalore, 117 hours a year stuck in traffic. In Delhi, 76 hours. That's nearly three full days annually spent breathing exhaust fumes, watching productivity evaporate, and feeling ambition slowly suffocate in gridlock.

This isn't just my story. It's the story of millions of Indians trapped in cities that generate wealth but can't govern themselves.

Last week's Economic Survey finally said what we've all been living: India's cities are "economically central but politically peripheral." The top 10 cities hold roughly 9% of the population but generate nearly 28% of GDP—a 3× output multiplier. Yet they raise less than 0.6% of GDP in own-source revenue. They can't tax. They can't borrow. They can't plan their own futures.

The survey's conclusion is damning: "Global cities compete; Indian cities comply."

We've Built a System That Punishes Success

Here's what that compliance looks like in practice: affordable housing in the top eight cities collapsed from 52% of new supply in 2018 to just 17% by 2025. People who build India's economic engine can't afford to live near where they work. So they move further out, where housing is cheaper and commutes are brutal. The congestion gets worse. The tax base hollows out. The cycle repeats.

Meanwhile, the Economic Survey gently suggests cities should "prioritize the movement of people, not vehicles." What it should say is this: we've turned our roads into parking lots for single-occupancy cars while buses remain inadequate and metro coverage stays patchy. First-mile and last-mile connectivity is still an afterthought. Other global cities introduced congestion pricing decades ago. We're still debating it.

Informality Isn't the Bug—It's the Only Thing That Works

The survey notes that "informality is not an aberration but a structural outcome of rapid urbanization under constrained formal systems." Translation: our formal systems are so broken that informal systems have to fill the gaps.

Door-to-door garbage collection covers 98% of wards today. Impressive statistic. But when informal sanitation workers left Gurugram during a labor dispute, garbage piled up overnight. The entire system depends on invisible labor that we refuse to properly integrate or compensate. We'd rather pretend informality doesn't exist than acknowledge that it's the only reason our cities function at all.

We're More Urban Than We Admit

Official Census data from 2011 claims India's urbanization rate is around 31%. Satellite data tells a different story: some regions are functionally above 80% urban when you measure actual settlement patterns instead of administrative boundaries. We're governing 21st-century megacities with frameworks designed for towns.

The Economic Survey concludes that cities need fiscal power, planning power, and enforcement power to move from managing growth to benefiting from it. I'd go further: until cities can tax properly, borrow meaningfully, reform land use, integrate transit, and take political ownership of outcomes, nothing will change. And nothing is changing.

Why I Left

I left India because I got tired of watching ambition collide with dysfunction. Tired of living far from work because that's where housing was affordable. Tired of infrastructure expanding while institutions stayed broken. Tired of hearing about potential that never materializes because the system is designed to disperse power and avoid accountability.

India will keep producing globally competitive talent from structurally constrained cities. And that talent will keep leaving—not because India lacks opportunity, but because its cities can't translate economic productivity into livable realities. Until that changes, the brain drain isn't a failure of ambition. It's a rational response to urban failure.

Defined tags for this entry: , ,


Notes on Delhi

"NewDelhi | 'Delhi is a city of secrets… everything's hidden, you need a good guide’ says US Ambassador"

Came across this  Indian Express article about the experiences of the American Ambassador to India and I was surprised on how closely it matches my own experiences and thoughts about Delhi.

 

If you want to experience humanity at its fullest, this is the city for you.

This is something that stood out.  Delhi shows you the full spectrum on humans in a day: You will see people on the streets - ignored by everyone and you will see politicians surrounded by 10s of escort cars.  You will see the fashion parade of people haggling for the latest trends in Sarojini Nagar, and then a family dressed in the most traditional on way to attend a wedding. You will encounter  pickpockets and  swindlers trying to one-up you and you will see a generous man feeding a street dog half his lunch.

 

Delhi is a city of secrets… everything’s hidden

.. in plain sight. It doesn’t explain itself, but if you’ve lived here long enough, you stop needing explanations. You start reading the city like a layered book—noise and grace, chaos and intimacy, pride and vulnerability, all crammed into the same lane.

For better or worse, Delhi teaches you how to pay attention.


Dying with Dignity or Dying for a Lack of Support?

The expansion of Canada's euthanasia law, also known as medically assisted death (MAID), has had unintended consequences for some people with disabilities. Bill C-14, passed in 2016, legalized euthanasia for people with a "reasonably foreseeable" death. An amendment to the law, Bill C-7, further expanded the scope of legal euthanasia to include individuals suffering unbearably from a serious and incurable illness, disease, or disability, even if their death is not reasonably foreseeable. While the intention behind the law was to help people die with dignity, it has had unintended consequences for some individuals who may choose to end their lives due to a lack of quality social services.

One example is Amir Farsoud, who has never-ending back pain that qualified him for euthanasia. Farsoud did not want to die, but after fearing he would lose his housing, he applied for MAID as an alternative to homelessness. He had already received the approval of one doctor and was waiting for the required 90 days to pass before obtaining the approval of a second doctor when his story was published. A GoFundMe campaign raised more than $60,000 from people around the world and has given him a new lease on life. Farsoud has since put his application for MAID away, but his story has raised questions about the ethics of applying for MAID due to poverty.

Another example is a Canadian Forces veteran who suffered from traumatic brain injury and post-traumatic stress disorder (PTSD) and was casually offered euthanasia by a Veterans Affairs employee. These cases illustrate the potential risks of the expanded euthanasia law in Canada and raise concerns about the impact on individuals with disabilities who may not have access to quality social services.

In conclusion, while the intention behind MAID is to help people die with dignity, it is important to consider the potential unintended consequences of the law. In light of these examples, it is clear that more guardrails are needed to ensure that MAID is not being used as a shortcut to stop supporting citizens in Canada, particularly those who are chronically ill and unable to afford housing.



Milky Way

Looking at the milky way is an enlightening experience, especially if you know some of the science behind it. The Milky Way is the galaxy that contains our solar system. The milky color visible from earth comes from stars that cannot be individually distinguished by the naked eye. The view that we get of the galaxy does not even include phenomenons that we cannot observe: gamma-ray bursts, pulsars, black holes Looking at the milky way and contemplating how vast the universe is and how unique our blue dot is, is a very humanizing experience.


JUNE LAKE STARS 2
JUNE LAKE STARS 6
Defined tags for this entry:

Page 1 of 17, totaling 118 entries