OPINION: What happened when the woke came to bully the wealthiest man in the world
BLACKROCK, CEO LARRY FINK ARE ‘POSTER CHILDREN FOR ESG,’ CRITIC SAYS: ‘PHENOMENON THAT MUST BE OPPOSED’
Basic free-market economic tenets largely solve many social, governance, and even environmental issues. People don’t want to do business with companies that don’t treat employees well. As a business, your employees are stewards of your brand; unhappy employees become unhappy brand stewards who often engender negative customer responses. Self-regulating and reaching equilibrium is all built into the model.
The new Carol Roth book"You Will Own Nothing" comes out July 18 and shows how the left abuses strategies like ESG to gain power. Leveraging ESG in this way was not just a direct attack on Musk, but also Tesla’s shareholders, who would lose the benefits attached to being part of the index. If Musk could be targeted by negative business social credit for daring to champion free speech, what chance do other companies and their management have?
So, ESG concepts make general sense. However, once they have been co-opted by the elites for their own agenda, they become bastardized and guided to central planning outcomes. As we have learned throughout history, and paid the price for in recent years, this is never to anyone’s benefit other than the central planners and their cronies.
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