"Access to capital is a privilege, not a right"
About this Quote
The line also performs a subtle moral inversion. In a market democracy, companies often treat financing as an entitlement of scale or “good performance.” Fink’s phrasing insists it’s contingent on behavior and trust, not just quarterly results. That “not a right” clause is doing heavy work: it rejects the idea that any firm, sector, or country is owed financing regardless of risk, governance, or externalities. In BlackRock’s world, capital is reputational. It flows toward stability, compliance, and predictability.
Context matters: Fink has spent years positioning large asset managers as stewards with obligations to clients and, increasingly, to society. Read charitably, the quote defends fiduciary duty: investors aren’t a charity; capital should demand competence and responsibility. Read skeptically, it’s an admission of power. If access is a privilege, then those who control access can set de facto standards for everyone else, beyond the reach of voters. The statement works because it sounds like common sense while quietly justifying a private form of governance.
Quote Details
| Topic | Money |
|---|---|
| Source | Larry Fink, “A Sense of Purpose” (BlackRock CEO annual letter to CEOs), 2018 |
| Cite |
Citation Formats
APA Style (7th ed.)
Fink, Larry. (2026, January 25). Access to capital is a privilege, not a right. FixQuotes. https://fixquotes.com/quotes/access-to-capital-is-a-privilege-not-a-right-184163/
Chicago Style
Fink, Larry. "Access to capital is a privilege, not a right." FixQuotes. January 25, 2026. https://fixquotes.com/quotes/access-to-capital-is-a-privilege-not-a-right-184163/.
MLA Style (9th ed.)
"Access to capital is a privilege, not a right." FixQuotes, 25 Jan. 2026, https://fixquotes.com/quotes/access-to-capital-is-a-privilege-not-a-right-184163/. Accessed 12 Feb. 2026.



