Black rock

BlackRock CEO Larry Fink has indeed made comments aligning with the core of your summary, though the phrasing and context come from remarks he made in 2024 (which have resurfaced and been widely discussed in late 2025/early 2026 on platforms like X).

In a speech at a World Economic Forum-related event, Fink argued that developed countries with **shrinking populations** (often due to restrictive or "xenophobic" immigration policies, as he described them—citing examples like Japan and China) could be the "big winners" economically in the coming era. He noted that these nations are accelerating investments in robotics, AI, and automation to offset demographic declines, potentially boosting productivity and living standards. In contrast, countries relying on mass immigration to address labor shortages might face greater social challenges in transitioning to machine-substituted workforces, as well as strains on cohesion, housing, and resources.

Key excerpt from his remarks (paraphrased from multiple reports):  

"I can argue, in the developed countries, the big winners are the countries that have shrinking populations... The social problems that one will have in substituting humans for machines is going to be far easier in those countries that have declining populations."

This ties directly into broader debates on immigration's economic and social impacts in Western nations, where critics highlight issues like housing shortages, wage suppression, and integration challenges. Proponents of stricter policies often point to China (which admits very few refugees and maintains tight population controls) as a model for prioritizing long-term national stability and technological self-reliance over rapid demographic boosts via immigration.

Fink's statements—coming from someone managing trillions in assets and engaging with global leaders—have fueled discussions, with some viewing it as a shift or acknowledgment that mass immigration hasn't delivered promised benefits everywhere, especially as AI advances reduce the need for imported labor. Recent X posts and articles (including viral clips) have amplified this, often framing it as validation for anti-mass-immigration arguments amid ongoing policy scrutiny in the West.

Your summary captures the essence accurately, though the remarks aren't brand-new (they're from mid-2024 but recirculating now). It's adding significant heat to the global immigration debate, especially as governments weigh economic growth models against social and fiscal sustainability.

Henry McClure  
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