Before Glenn Youngkin became Virginia's Governor he monitored rush hour traffic in Beijing as co-CEO of The Carlyle Group. Carlyle is a politically connected private equity underwriter (PEU).
Youngkin's firm sent thousands of U.S. jobs to China during his time with Carlyle. Yet, he turned down high paying jobs for rural Virginians in a poor region of the state because Ford Motor Company was licensing Chinese battery technology.
Youngkin told reporters that his prior experience as the CEO of the Carlyle Group, a private equity firm, makes him "uniquely positioned to understand how the Chinese Communist Party works."
The Governor missed his chance to inform the public as to how The Carlyle Group works. It infiltrates governments for the purpose of outsized profits. Also, Youngkin was co-CEO, not the CEO.
Carlyle Asia Growth Group’s investment philosophy is sector-agnostic, with investments across more than ten industries, including energy, consumer, technology, business services, education, industrial, healthcare, real estate and media. Eighty percent of these investments have been made in China or India.
"In China Carlyle has demonstrated a deep understanding of local businesses and an ability to work well with Chinese companies. The Carlyle brand will also help attract senior management talent to help expand both our domestic and overseas business."
Monitoring Beijing rush hour traffic takes big data. Youngkin wants Virginia law enforcement to have access to a woman's menstrual cycle information, frequently stored on cell phone apps. That sounds Chinese authoritarian like.
Youngkin learned his obsession with money and power from the best, Carlyle and China. Virginia citizens would do well to watch the power and money flows. Glenn Youngkin's kind avoids the sunlight.
The state may want your data but hands off his.
Update 4-27-23: After driving away Ford EV battery jobs Youngkin is angling for Japanese chipmaking positions.