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I think ESG is a terrible plan. It will simply force governments to be subjects to investors. It was maybe meant well, but it will have the obvious effect that
by raxxorraxor 5y ago
I think ESG is a terrible plan. It will simply force governments to be subjects to investors. It was maybe meant well, but it will have the obvious effect that unaccountable "stakeholders" will form our new governments, simple as that. Voting becomes even more irrelevant here. Or new overlord would be named DEI, or DIE as I prefer it.
Not the the current situation with financial agencies is optimal, but this is probably the worst idea the older generation has had in the last 50 years and I don't know how young people can see a future for themselves. Well, it wouldn't really matter what they do anyway. Because the stakeholders will form the a new class completely dictating policy. Either you are rich now or your political participation will vanish. Without capital you simply have no stake in it.
It already is trillions of dollars heavy without any result. Even pure unfiltered greed is preferable to that so we could as well go back to that...