ESG: The Threat To Capitalism

Vivek Ramaswamy explains the ESG threat to capitalism.

By Liz Froelich, LRWF Legislative Chair

ESG, also known as Environmental, Social Governance, has been accepted as a new financial strategy to curb the use of energy from fossil fuel while promoting climate change and social justice programs.  It is a policy to pressure pension managers, banks, corporations and, probably, non-profits  to purchase only stocks which are acceptable to the Woke or progressives or Marxists. 

Green advocacy does not mean green dollars.  It does not have to receive approval from the stock holders or voters in a corporation. It does not increase the profits which create wealth for the owners and shareholders. 

Refusing to invest in oil and gas limits the opportunities for financial growth and for the advance of capitalism. This is one desired outcome.

In conjunction with the financial plan, there is the supposed need for "equity and inclusiveness."

Vivek Ramaswamy explains this threat to capitalism in this short video. He entitles this policy as " abuse of other people's money.

https://canadafreepress.com/article-video/is-esg-harmful-or-helpful