ESG and DEI are ideological weapons. But they aren’t necessarily only left wing .
A leading proponent is Larry Fink of BlackRock . He’s an elitist who has weaponized ESG to implement his ideology without getting elected because he controls 10 trillion in equites .
Capitalism ,unlike fascism and Marxism , is simply an economic system not a political system . Capitalism creates a surplus better than any other system . Then it’s up to the voting citizens in a democracy to determine how to re-allocate that surplus. Larry Fink doesn’t like that . He wants to determine how to do the re-allocation of surplus.
POTUS candidate
Vivek Ramaswamy argues in his book Woke Inc… widening the pool of stakeholders beyond shareholders marginalises the shareholder and elevates fund oligarchs like Larry Fink . By making companies answerable to everyone , via stakeholder capitalism and ESG/DEI concepts, companies end up being answerable to no one.
Maybe time to look at some Chinese stocks, more likely that they may respect capital..
I can't do anything except try and protect myself, virtually everyone I deal with is on board. It will take a major event to change people's mind. That could be 1 week, or 20 years away.
Recent discussion with someone who believes in MMT, that high immigration numbers has nothing to do with shortage of housing, and bring everyone around the world who has food shortages into Canada. C'est la vie...
Good One! Social Justice has never really been 'defined' by gov'ts but watching JT & the Liberals ruin our country shows us what it stands for.
Excellent post !
ESG and DEI are ideological weapons. But they aren’t necessarily only left wing .
A leading proponent is Larry Fink of BlackRock . He’s an elitist who has weaponized ESG to implement his ideology without getting elected because he controls 10 trillion in equites .
Capitalism ,unlike fascism and Marxism , is simply an economic system not a political system . Capitalism creates a surplus better than any other system . Then it’s up to the voting citizens in a democracy to determine how to re-allocate that surplus. Larry Fink doesn’t like that . He wants to determine how to do the re-allocation of surplus.
POTUS candidate
Vivek Ramaswamy argues in his book Woke Inc… widening the pool of stakeholders beyond shareholders marginalises the shareholder and elevates fund oligarchs like Larry Fink . By making companies answerable to everyone , via stakeholder capitalism and ESG/DEI concepts, companies end up being answerable to no one.
Fink is in it for power, money and control... although I guess he is minority, so we shouldn't criticize
Haha
Touché
Can't agree more with you!
Maybe time to look at some Chinese stocks, more likely that they may respect capital..
I can't do anything except try and protect myself, virtually everyone I deal with is on board. It will take a major event to change people's mind. That could be 1 week, or 20 years away.
Recent discussion with someone who believes in MMT, that high immigration numbers has nothing to do with shortage of housing, and bring everyone around the world who has food shortages into Canada. C'est la vie...