4 ms·

ESG exists because there's a market for that form of equity. That market is willing to buy equity that might even underperform the rest of the market, because i

ESG exists because there's a market for that form of equity. That market is willing to buy equity that might even underperform the rest of the market, because it explicitly does perform in the metric these buyers care about. There are already options if you strictly are focused on emissions, so I don't think this article is meaningful. The Economist is right-leaning and would certainly love to distract ESG equity buyers from their pesky concerns about social and corporate governance. My guess is that the target readership for The Economist is executives, and they would certainly love to make ESG scrutiny of their ballooning compensation go away.

Quenty 4y ago
Not to comment on the rest of the comment, but apparently the Economist is not right leaning? Do you have a source for that? https://www.allsides.com/news-source/economist https://www.allsides.com/news-source/economist
- ZeroGravitas 4y ago
  They're sort of sane, educated, privileged business elites writing for other educated priviliged business elites. To most lefties that gives a slight right-wing bias, even if they aren't ranting demagogues going on about foreigners. To less sane and educated right wing people, that makes them seem like "the liberal elite" and so they see them as left. They do seem to have pivoted towards an American audience somewhat more recently, which means they're sucked into the whole anti-woke thing, which these articles veer worrying close to.
- AnnikaL 4y ago
  The AllSides report you linked to cites a Pew survey that found that "the majority of The Economist readers hold political values to the left-of-center," which I think might reflect left-leaning social values more than economics. AllSides themselves even say that their readers disagree: > As of August 2018, 608 AllSides readers agreed with this media bias rating, while 1,302 disagreed. Of those who disagreed, the average said The Economist has a Center media bias. I think that differences in economic vs. social issues as well as The Economist's international perspective make it difficult to categorize on a simple left/right metric. They claim[0] to support lots of positions that seem socially left-leaning to me as an American (drug legalization, gay marriage in 2004, repealing the Second Amendment), but OC seems to be talking more about economically left-leaning positions ("scrutiny of their ballooning compensation"). [0] - https://www.economist.com/the-economist-explains/2013/09/02/is-the-economist-left-or-right-wing https://www.economist.com/the-economist-explains/2013/09/02/...
  - macinjosh 4y ago
    “center” is still not right leaning. The Economist is most definitely not right leaning. People need to get out of their bubbles and understand better the full range of political beliefs and how they fit into that range.
- FabHK 4y ago
  I find that The Economist being right-wing is an old prejudice. FWIW, they have endorsed the Democrat candidate in 6 of the last 8 US presidential elections. https://en.wikipedia.org/wiki/The_Economist_editorial_stance#United_States_presidential_elections https://en.wikipedia.org/wiki/The_Economist_editorial_stance...
  - mullingitover 4y ago
    I said right-leaning, and centrist mainstream democrats in the United States would fit the bill there. The republicans, especially in the last decade, have gone fully right-wing and driven nearly all centrists from their party.
- mFixman 4y ago
  The Economist is one of the voices of the City of London. They appear centrist until they start talking against public schooling, nationalisation, or government-subsidised utilities.

Quenty 4y ago

Not to comment on the rest of the comment, but apparently the Economist is not right leaning? Do you have a source for that? https://www.allsides.com/news-source/economist https://www.allsides.com/news-source/economist

ZeroGravitas 4y ago
They're sort of sane, educated, privileged business elites writing for other educated priviliged business elites. To most lefties that gives a slight right-wing bias, even if they aren't ranting demagogues going on about foreigners. To less sane and educated right wing people, that makes them seem like "the liberal elite" and so they see them as left. They do seem to have pivoted towards an American audience somewhat more recently, which means they're sucked into the whole anti-woke thing, which these articles veer worrying close to.
AnnikaL 4y ago
The AllSides report you linked to cites a Pew survey that found that "the majority of The Economist readers hold political values to the left-of-center," which I think might reflect left-leaning social values more than economics. AllSides themselves even say that their readers disagree: > As of August 2018, 608 AllSides readers agreed with this media bias rating, while 1,302 disagreed. Of those who disagreed, the average said The Economist has a Center media bias. I think that differences in economic vs. social issues as well as The Economist's international perspective make it difficult to categorize on a simple left/right metric. They claim[0] to support lots of positions that seem socially left-leaning to me as an American (drug legalization, gay marriage in 2004, repealing the Second Amendment), but OC seems to be talking more about economically left-leaning positions ("scrutiny of their ballooning compensation"). [0] - https://www.economist.com/the-economist-explains/2013/09/02/is-the-economist-left-or-right-wing https://www.economist.com/the-economist-explains/2013/09/02/...
- macinjosh 4y ago
  “center” is still not right leaning. The Economist is most definitely not right leaning. People need to get out of their bubbles and understand better the full range of political beliefs and how they fit into that range.
FabHK 4y ago
I find that The Economist being right-wing is an old prejudice. FWIW, they have endorsed the Democrat candidate in 6 of the last 8 US presidential elections. https://en.wikipedia.org/wiki/The_Economist_editorial_stance#United_States_presidential_elections https://en.wikipedia.org/wiki/The_Economist_editorial_stance...
- mullingitover 4y ago
  I said right-leaning, and centrist mainstream democrats in the United States would fit the bill there. The republicans, especially in the last decade, have gone fully right-wing and driven nearly all centrists from their party.
mFixman 4y ago
The Economist is one of the voices of the City of London. They appear centrist until they start talking against public schooling, nationalisation, or government-subsidised utilities.