Even before Donald Trump has returned to the White House and the Republicans take control of Congress, the war on “woke capitalism” in the US is intensifying.

Late last week Texas, along with 10 other Republican-led states, sued BlackRock, State Street and Vanguard, claiming they had breached antitrust laws by conspiring to boost electricity prices by curtailing coal supplies.

Larry Fink’s BlackRock is the world’s biggest fund manager. BlackRock........

© The Sydney Morning Herald