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Is ESG Destroying or Disguising the Profit Motive?

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Posted By: GustoGrabber, 12/24/2022 7:51:07 AM

It has long been contended that environmental, social, and corporate governance scores (ESG) are the Left’s attempt to weaponize every non-leftist’s money against his personal beliefs and economic interests. This is patently true . . . to an extent. Infiltrating and extorting the corporate and financial elite, the ESG zealots pressure and capture the levers of large economic investment institutions to implement the Left’s agenda. For investors who oppose their money being used to further left-wing causes at the expense of maximizing their returns, there is little they can do to “take their money elsewhere.”

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Reply 1 - Posted by: WhamDBambam 12/24/2022 7:59:45 AM (No. 1363828)
Embrace the healing power of "and."
2 people like this.

Reply 2 - Posted by: ironchefw 12/24/2022 8:57:55 AM (No. 1363869)
Diverting profits to left wing “non-profits” who spend their entire agenda on electing more left-wing candidates. A sure way to ruin any country.
6 people like this.

Reply 3 - Posted by: voxpopuli 12/24/2022 9:01:18 AM (No. 1363872)
should be sent to every money manager.. to let them KNOW that WE know what they are up to
3 people like this.

Reply 4 - Posted by: Heil Liberals 12/24/2022 9:27:25 AM (No. 1363901)
Why is this "long argued?" There is no argument. The fascism that the CCP practices has become the defacto methodology of the fascists who have infested our government. There is no argument that we are moving toward a social credit system that destroys the individual's rights to Life, Liberty, and the Pursuit of Happiness. It is time that we heed the words that Thomas Jefferson penned in the Declaration of Independence. You know, the ones that come after the most popular paragraph that proceeds it. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
4 people like this.

Reply 5 - Posted by: red1066 12/24/2022 9:49:44 AM (No. 1363922)
Every commercial no matter what the product might be, has an interracial couple with the two kids. I've never seen that many interracial couples in my life out here in the real world. What really gets me is not so much the interracial aspect, which is clearly ESG related, but the couples in general. Most of the time, the wife is very attractive, while the husband is not. I'm left wondering in most cases how these two people met, and what could have possibly attracted the attractive person to someone who is clearly not even in the same league. I'm left with no memory of what the commercial was all about. So, I'll say it's destroying profit margin.
2 people like this.

Reply 6 - Posted by: bpl40 12/24/2022 10:19:00 AM (No. 1363958)
A core principle of modern capitalism is the joint stock company where the risk of the investors is limited. Without it we won't be buying/ enjoying 1% of the things we (including leftists) do today. A basic operating rule of the JSC is the obligation the management has to maximize the Net Present Value (NPV) of the share holders' investment. This is exactly what ESG and the thinking behind it takes aim at. And #5 is right. Overseaas visitors are surprised to see how many non-Negro people there actually are in streets and neighborhood. Watching US TV foreigners think the US is 80% black. Even sun tan lotions are using African models. Pandering has its limits.
2 people like this.

Reply 7 - Posted by: LC Chihuahua 12/24/2022 10:30:18 AM (No. 1363973)
ESG is just a looting mechanism for all the looters running the country. They call it 'investing'. They use government spending and regulations to 'leverage' their investments. This is how 'professional' looters work.
3 people like this.

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