The ESG Conspiracy

The uneven distribution of gifts is the natural vice of capitalism. Socialism’s ingenuity is its egalitarian distribution of suffering.

Winston Churchill, House of Commons, Oct. 22, 1945

It is not from the compassion of the barber, the baker, or the cook that we can assume our dinner, but from their respect to their own interest.”

&nbsp, Adam Smith”, The Wealth of Nations,” Book IV, Chapter 2&nbsp,

In the words of Austrian School scholar Ludwig von Mises from” A Analysis of Interventionism,”” there is no other choice: authorities either abstains from minimal interference with market forces, or it assumes complete control over production and distribution. Either capitalism or socialism, there is no middle of the road. ” The world’s economies are now enroiled in the hands of businessman socialists and crony elites,” the statement read. These are in reality the democratic obesogens that are destroying the nation’s energy resources and dietary vitality, creating a world plagued by debt, which is financially static and essentially unproductive, and where its resources are taken away by an carnivorous and impoverished overclass to feed its appetite.

There is a second financial engine May does not immediately regard, known as a” combined economy, “often described as a” socialist market economy,” as in China. But it is still far more” marxist” than” combined. ” In this oxymoronic structure, the private sector must answer to the central government. The definition of socialist in the sense of National Socialism or authoritarianism, which was first attributed to the European scientist Giovanni Gentile, is what the term for the fusion of status and corporate power is. ” Fascism is better understood, Mussolini stressed, as Corporatism, in which cultural groups, professional organizations, and financial agencies, while maintaining a slim modicum of independence, work for the” popular good” as dictated by the State. So, the so-called “mixed market,” which is basically a fascist clone, is connected to socialism on one side and socialism on the other. &nbsp,

The problem gets more and more complicated in the West. In his thorough analysis, Seamus Bruner demonstrates that as the West develops oligarchs ideology, increasingly authoritarian governments in turn respond to the tycoon class, which ultimately determines nationwide economic priorities. This is undoubtedly the direction that Western governance is headed, which is essentially nothing but the modern and elaborated socialism, the abolition of both personal ownership ( “you will own nothing and be happy” ) and freely exercised market-based exchange of capital goods, as it pertains to a common electorate, all in the interests of a plutocratic minority ( who will own everything ). &nbsp,

Social life has always had a significant impact on money, but Bruner points out that there has never been an intrauterine elite operating in power over the political world. Unbelievable wealth unleashed by a select few people with ingrained motives may send a tsunamic wave of devastating wealth. The political and economic innovation this clade represents may best be described, so far as I understand it, as a kind of autocratic socialism, which is neither completely market-oriented nor absolutely social, neither completely” free “nor fully communal. In other words, it is neither fascist ( hierarchical ideal ) nor communist ( communitarian ideal ), but something quite different. &nbsp,

Of course, totalitarian societies of any kind and form are subject to the rule of elites, but in oligarchic socialism, the elites are those who belong to an exclusive aristocracy of wealth and whose social ideas derive from what Thomas Sowell refers to as the “vision of the anointed,” those who advocate for” compassion despite” having a disastrous impact on the poor and who are convinced of their own moral and intellectual superiority over the masses. Surrogate decision making is the common thread in the numerous, disparate crusades, according to Wells, whether this moral surrogacy came from the eugenics movement, Keynesian economics, or environmental activism. It is currently engaged in remaking the world.

Free-market capitalist society is currently in vehement and sustained attack, without a doubt. One of the ways to bankrupt or severely impact the capitalist order is the brainchild of our sodality of oligarchic socialists ( or variously, Marxo-capitalists ) represented by the Environmental, Social, and Governance ( ESG) movement. ESG and what is now known as” stakeholder capitalism” go hand in hand. The terms are interchangeable. The theory of stakeholder capitalism, developed by R. Edward Freeman in his 1984 book” Strategic Management: A Stakeholder Approach” and popularized by former WEF Chairman Klaus Schwab in” Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet “( co-authored with Fortune ‘s&nbsp, Peter Vanham ), argues that companies should seek long-term value creation instead of short-term profit”. We need a society, economy, and international community that is designed to care for all people and the entire planet,” Schwab writes. It’s a noble idea but, like many noble, quasi-utopian ideas, it never works in practice.

The Heritage Foundation explains that ESG has weaponized capital, prioritizing environmental and” social justice “issues such as female equity, DEI, LGBTQ+, carbon mitigation, wind farms and solar panels, and the rest of the progressivist baggage”. Thus, money is diverted to causes and objectives that the private investor never intended to support. ESG is essentially the theft of investors ‘ funds. The authorities who invest our money do so in a way that is contrary to their contractual obligations, which are to be done for our own social and political objectives.

Related: The EV Scam: A Likely Reason for So Epic a Folly

Similarly, according to Andrew Stuttaford at National Review Online, ESG and its twin, stakeholder capitalism, are forms of expropriation of investor interests in favor of serving racial and gender” equity,” a more” equitable “future, a dirigiste version of” public health,” and ultimately of saving the planet. The problem is that” Stakeholder capitalism is not only a threat to private property, but also to individual freedom. ” &nbsp, By cannily replacing the term and concept of” stockholder” with the homophonic” stakeholder, “ESG and stakeholder capitalism contribute to the dilution of corporate responsibility, discourage growth and investment, and attack property rights. &nbsp, As James Madison said ( The Federalist No. 10 )”, the first object of government]is ] the protection of different and unequal faculties of acquiring property. ” &nbsp,

ESG is a significant phenomenon because of how it affects the economic lives of regular people and private or unionized investors, as well as as as a symbolic representation of the new manifestation that socialism has adopted, the terrace dynamic, which favors both the economic interests and the political motivations of the mandarin skim of the population. An oligarchic socialist who practices deep pocket capitalism and has an inherently Marxist worldview is a theoretical contradiction as well as a systematic proponent of globalism.

We are, in fact, dealing with an ideology that needs to be fought on various levels — populist revolt, as in Italy, the Netherlands, El Salvador, and Argentina, an incentivized return to Christian Nationalism, as in Hungary, intelligent voting, unfortunately rare and far between ( one notes the recent electoral disasters in Biden’s U. S., Trudeau’s Canada, Lula’s Brazil, Albanese’s Australia, and now Starmer’s Britain ), or” reciprocal lawfare]which ] must be a response to the lawfare experienced now in the United States,” as Jack Posobiec and Joshua Lisec urge in” Unhumans. ” But an excellent tactic is divestment from asset managers and hedge funds like BlackRock, Bridgewater, and Citadel, as the state of Florida has recently done. &nbsp,

” Using our cash to fund BlackRock’s social-engineering project is n’t something Florida ever signed up for,” said Florida’s chief financial officer“. It is the opposite of what an asset manager is paid to do because it has nothing to do with maximizing returns. ” Louisiana, Missouri, and Texas, among other states, have followed suit. According to the company’s recently released second quarter results, BlackRock shares have fallen by 41 % to date.

There certainly wo n’t be a derecho of withdrawals, but a gradual erosion of ESG assets seems a pragmatic way of reaffirming the real value, fiscal and democratic, of a free-market economy and its focus on general prosperity and individual initiative. It’s a start.

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