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Funnily enough, this is EXACTLY what has happened to the video game and movie/series industry. They jump onto the latest trend, e.g. ESG to get in good with th
by kaliqt 3y ago
Funnily enough, this is EXACTLY what has happened to the video game and movie/series industry.
They jump onto the latest trend, e.g. ESG to get in good with the banks and funds without thinking about what long term damage it is doing to their brands and products.
- matheusmoreira 3y agoTo be fair, they jump on that particular trend because the banks will punish them if they don't. They have tens of trillions in assets under their management and they make sure that capital won't flow to companies that refuse their agenda. In effect the banks dictate the direction society moves towards. And people say it's a conspiracy theory. > ESG investment funds in the United States saw capital inflows of $3.1 billion in 2022 while non-ESG investment funds saw capital outflows of $370 billion during the stock market decline that year
- rpmisms 3y agoIt's not a conspiracy theory if it's on their website...
- hdtyyf 3y agoThis is utterly incorrect. The amount of funds with an environmental or social mandate is trivial; and nearly all of those mandates require essentially nothing. It is sad how easy it is to dupe mediocre men into believing thinking they are victims, when in fact they are simply whiny little snowflake losers.
- matheusmoreira 3y agoHundreds of billions of dollars are "essentially nothing" to you? I don't know what to say.