New Discourses Bullets, Ep. 6
How do you control the Bull on Wall Street? Simple: you put a ring through its nose. The name of that ring is ESG: Environmental, Social, and Governance scoring for financing and investment. Allegedly, ESG is supposed to provide a measure of a company’s long-term sustainability and profitability, but it is, instead, the tool of a small number of so-called “stakeholders” who are actually technocrats. The tool enables big investment firms like Blackrock, Vanguard, State Street, Fidelity, and others to effectively run a monopoly-trust, which is to say a cartel, without being in direct violation of existing anti-trust legislation. If you wonder why everything, especially every big corporation, is going Woke, ESG is your answer. Join James Lindsay in this quick episode of New Discourses Bullets to break it down.
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7 comments
Do not make the bigoted mistake of connecting the dots between the heads of these financial institutions and draw any bigoted conclusions regarding their….astrological signs.
As Dr. Lindsay noted, it’s like a cartel, or more accurately, the mafia, who use extortion and protection rackets to gain power and wealth. Why hasn’t this been challenged legally? Businesses and corporations are acting against their own interests because of coercion by sociopolitical ideologues. How is any of this legal, and who’s going to be courageous and fight back against the technocrat oligarchs?
I am surprised that I have not heard more about the origin of this idea in the investment banking business.
While banking gets a lot of “bad press” in certain circles, it seems a fair amount of it is well-deserved.
This has to go much deeper than is obvious on the surface. Why would bankers be so intent on implementing the ESG model of business ethics? My idea that Corporate wants to run this planet must play a role in this development. But I tend to believe that the pressure to globalize the planet under a corporate-style governance model comes from an external (off planet) source.
How Communists take over countries:
https://www.investmentwatchblog.com/how-totalitarianism-rhymes-throughout-history-czechoslovakia-china-venezuela-2/
I thought you may appreciate this article on how to save liberalism from the threat on the reactionary right.
https://capx.co/open-societies-need-to-rediscover-heroic-ideals/
Thought you might be interested in this recent NYT article.
https://www.nytimes.com/2022/05/10/opinion/race-teaching-school.html?referringSource=articleShare
I thought you may appreciate this message from the legendary Longshoreman Philosopher Eric Hoffer.
https://theimaginativeconservative.org/2021/01/eric-hoffer-longshoreman-philosopher-thought-work-pedro-blas-gonzalez.html