ESG: The Big Lie Of Woke Capitalism

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ESG is a step-child of “stakeholder capitalism” where unrelated, self-declared stakeholders get a seat at your table to tell you what you may or may not do. ESG is a thinly-veiled, disingenuous  attempt to get control of companies and individuals. Who made this garbage up? Look no further than the World Economic Forum and the United Nations. ESG is intellectually bankrupt and morally corrupt. ⁃ TN Editor

Apparently, the “woke left” in America is a big fan of free market capitalism and investing. At least, that’s what Slate’s Andrew Petillon would have us all believe in his recent article, “The Republican War on ‘Woke Capitalism’ Is Really Just a War on Capitalism.”

That is nothing more—and nothing less—than a well-constructed lie.

Woke Capitalism and ESG

Some definitions of terms are in order.

According to The Economist, “woke capitalism” involves public campaigns that appeal to millennials, who typically hold more socially liberal views and are arguably less informed on what free market capitalism is than prior generations.

So-called “woke capitalism” is also sometimes referred to as “ESG investing,” which itself has various meanings. The acronym ESG stands for “environmental, social, and governance.” It’s a vague categorization or standard applied to companies and investors to determine how, for lack of a better word, “woke” they may or may not be.

Domestically, ESG is a metric for woke capitalism. Some of the main concepts surrounding ESG are climate change, sustainability, green technology, social justice causes such as workers’ rights, working conditions, changing social norms, exploitation of minorities, and so forth. There is also the aspect of governmental oversight or promotion of those causes. A company or investor’s ESG ranking may be the determining factor for investment or even boycotts.

The Fascism of Stakeholder Capitalism

Woke capitalism embraces the idea of “stakeholder capitalism.” Stakeholder capitalism, which is what the Business Roundtable and the World Economic Forum (WEF) call for, demands that companies toe the ESG line, not necessarily to private shareholders, but to the often unelected and their woke socialist standards. The latter include equality of outcomes, hiring decisions, diversity requirements, income equality, and more. Shareholders like you and I are not part of the plan.

Obviously, ESG has both red and green leftist political and ideological preferences that marry business with government policymakers, not merely business and shareholder interests. That, by the way, is fascism.

The Woke Capitalism Lie

Internationally, ESG identifies and ranks companies and investors that either do business with countries considered politically incorrect, lack ESG values, or both. A negative ESG rating could also result in negative publicity, divesture, or boycotts by Wall Street and Main Street investors.

According to Petillon, ESG or woke capitalism is somehow directly related to and is an aspect of free market capitalism. In fact, from its inception as a metric, the use of ESG factors in the financial analysis was deemed to be complementary to a company’s fiduciary responsibilities to investors and shareholders.

And are ESG criteria really part of the fiduciary responsibilities that a public company has to its shareholders? In some cases, sure. For example, some investors don’t want to invest in companies that make alcohol, tobacco, or firearms. Those investors are free not to invest in those companies.

Imposing leftist criteria on a company whose responsibilities are to its shareholders doesn’t sound like free market capitalism. Instead, it is mandated behavior by the unelected. There are laws that all companies must follow, of course, but those vary by state and federal jurisdictions. ESG is separate from both—or at least, they used to be.

But to those on the left, ESG or woke capitalism is also virtuous capitalism because they believe that companies ought to behave, invest, and produce what the woke mob determines is correct. Those companies that don’t comply must be punished and, if possible, driven out of business. As the ESG trend and political influence progress, it exercises more control—behavioral and political—over all companies, public and private. That’s the end goal for woke capitalism.

Read full story here…

About the Editor

Patrick Wood
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
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Greg

Patrick, don’t you think that, given the enormous importance of the Crimes Against Humanity tour which you withdrew from due to “irreconcilable conflicts of interest” you owe it to your readers to give some type of explanation as to what that means? After all, the world is currently riven by those seeing to enslave us all using propaganda and bogus Green agendas. Every day we are bombarded with lies. Surely it’s important (vital) that you remain transparent about your current involvement? Or why should we support you, or Reiner? Perhaps you were threatened? I find it very annoying that I… Read more »

Greg

Well thank you for the update, Patrick. Good news. I read TN regularly but to date have not seen such a statement (if I had, obviously I would not have felt it necessary to post such a comment). While you are, of course, not obligated to provide more details, the essence of your bulletins often involve discussions on the lack of transparency on the part of legacy media, the US government and the Davis set on numerous issues. It just seemed anomalous to me that your decision not to continue with that tour should appear to be shrouded in such… Read more »

Anne

I like that saying I heard somewhere this year. Go woke, go broke. Some folks don’t know or realize that the curse of the law are still in effect for some people (Deuteronomy Chapter 28 and Leviticus Chapter 26). Galatians Chapter 3:10-14 clearly how and who has been redeemed and who hasn’t. I feel even sadder for those in this predicament who took the mRNA shots.

Anne

Meant to say clearly shows how in my reference to the Book Of Galations. Also meant to say the curse of the law is still in effect.

Greg

I was the first to comment … asking Patrick to explain the mysterious ‘conflict of interest’ which caused him to withdraw from the Reinhard tour. But you expunged my comment, which makes this channel as big an authoritarian hypocrite as the agents they criticise on a daily basis.

Greg

I’ve had cogent, well-written and perceptive comments censored before on other articles you’ve posted, so you’ll need to overlook my irritation. There’s nothing worse than taking time to compose a paragraph of researched information (pertinent to the subject detailed in the article) only to find that someone has chosen to simply delete it. I NEVER troll. I very much like the work you do and appreciate the bulletins, which on an almost daily basis I post on social media. However, if you find my comments so immensely irritating then go ahead and censor me. But please take note that that… Read more »

WW4

Niki Raapana has died. She claimed that Communitarianism was the basis of the Great Reset and Technocracy.
https://www.facebook.com/search/top/?q=niki%20raapana
https://www.youtube.com/watch?v=rVb4aTspo6Q&t=2005s