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> The received wisdom, echoing the official mythology around Black Lives Matter Global Network Inc.—co-founded by Garza along with fellow activists Opal Tometi and Patrisse Cullors—is that BLM is a grassroots movement that rose up organically out of the widespread rage sparked by viral videos of Black American men killed by police officers. According to this account, the political priorities of activists in Brooklyn screaming at cops and calling to defund the police have been fused with those of suburban moms in Peloton T-shirts, hand-painting signs with their kids using the BLM hashtags of large multinational conglomerates—an unusual union of protesters and the corporate boardroom spurred on by nothing more than everyone’s shared outrage over racism.

> There is, however, another version of events, in which the heartfelt dedication to racial justice is only the forward-facing side of a more complicated movement. Behind the street level activism and emotional outpouring is a calculated machinery built by establishment money and power that has seized on racial politics, in which some of the biggest capitalists in the world are financially backing a group of self-described “trained Marxists”—a label that Cullors enthusiastically applies to herself and the group’s other co-founders.

> These bedfellows, whose stories and fortunes are never publicly presented as related, are in reality intertwined under the umbrella of a fiscal sponsor named the International Development Exchange. A modestly endowed West Coast nonprofit with origins in the Peace Corps—which for decades supported local farmers, shepherds, and agricultural workers across the Global South—IDEX has, in the past six years, been transformed into two distinct new things: the infrastructure back end to the Black Lives Matter organization in the United States and also, at the very same time, an investment fund vehicle driven by recruited MBAs and finance experts seeking to leverage decades of on-the-ground grantee relationships for novel forms of potentially problematic lending instruments . And it did so with help from the family of one of the most famous American billionaires in history—the Oracle of Omaha himself.

>> The received wisdom, echoing the official mythology around Black Lives Matter Global Network Inc.—co-founded by Garza along with fellow activists Opal Tometi and Patrisse Cullors—is that BLM is a grassroots movement that rose up organically out of the widespread rage sparked by viral videos of Black American men killed by police officers. According to this account, the political priorities of activists in Brooklyn screaming at cops and calling to defund the police have been fused with those of suburban moms in Peloton T-shirts, hand-painting signs with their kids using the BLM hashtags of large multinational conglomerates—an unusual union of protesters and the corporate boardroom spurred on by nothing more than everyone’s shared outrage over racism. >> There is, however, another version of events, in which the heartfelt dedication to racial justice is only the forward-facing side of a more complicated movement. Behind the street level activism and emotional outpouring is a calculated machinery built by establishment money and power that has seized on racial politics, in which some of the biggest capitalists in the world are financially backing a group of self-described “trained Marxists”—a label that Cullors enthusiastically applies to herself and the group’s other co-founders. >> These bedfellows, whose stories and fortunes are never publicly presented as related, are in reality intertwined under the umbrella of a fiscal sponsor named the International Development Exchange. A modestly endowed West Coast nonprofit with origins in the Peace Corps—which for decades supported local farmers, shepherds, and agricultural workers across the Global South—IDEX has, in the past six years, been transformed into two distinct new things: the infrastructure back end to the Black Lives Matter organization in the United States and also, at the very same time, an investment fund vehicle driven by recruited MBAs and finance experts seeking to leverage decades of on-the-ground grantee relationships for novel forms of potentially problematic lending instruments . And it did so with help from the family of one of the most famous American billionaires in history—the Oracle of Omaha himself.

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