The boys drink and review Copper Legend from Jack’s Abby, then discuss ESG.
ESG stands for Environmental, Social, and Governance. It’s a way to rank companies by their compliance with left-wing social goals.
People have every right to invest in companies that uphold their social values if they want to. The problem with ESG is that big corporations are forcing these partisan standards on companies — using other people’s money, and without their permission! It’s a classic shakedown.
When big investment companies like Blackrock do this sort of thing, they’re violating their fiduciary duty to their shareholders by applying standards other than profit. When I put money in a fun, I want a return. I don’t want them to impose their social agenda on my investments.
ESG threatens to withhold investing money from companies that aren’t willing to follow a partisan agenda.
This is a new form of totalitarianism. It’s not Marxism or fascism or socialism. It’s an ideologically driven capitalist totalitarianism. And it has to be stopped.
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