Several state attorneys general are striking back against ESG by taking the fight to Blackrock and the corporatists are in panic mode. Louisiana has gone as far as removing over $500 million from investments run by Blackrock.
The stakes are high as the Federal Reserve, working with major banks, is planning to institute a social credit score based on ESG metrics.
I don’t know if it’s too late to stop the scheme that is ESG, but the metrics are intended to target people like me, so I will not stop sounding the alarm.
The Lesson From Germany and Korea
Institutions are, of course, in some sense the products of culture. But, because they formalize a set of norms, institutions are often the things that keep a culture honest, determining how far it is conducive to good behaviour rather than bad. To illustrate the...
