The party of no ideology strikes again.

[iceheart08]

Montana Attorney General Questions 'Woke' Investments

Montana Attorney General has joined several other state attorneys general in questioning ESG investments in energy company investments.

newstalkkgvo.com

Free market going in a directiom conservatives don't like? Regulate it!

 

[Willence]

Montana Attorney General Questions 'Woke' Investments

Montana Attorney General has joined several other state attorneys general in questioning ESG investments in energy company investments.

newstalkkgvo.com

Free market going in a directiom conservatives don't like? Regulate it!

ESG isn't really free market. Just like stakeholder capitalism isn't really capitalism. It's funny how you folks tend to conflate terms. It works too because most people are not going to understand the differences. Equity and equality is a recent example.

It's ironic you'd criticize resistance to an anti-freedom movement like ESG by criticizing the threat of regulation against it. But not at all surprising.

 

[iceheart08]

ESG isn't really free market. Just like stakeholder capitalism isn't really capitalism. It's funny how you folks tend to conflate terms. It works too because most people are not going to understand the differences. Equity and equality is a recent example.

It's ironic you'd criticize resistance to an anti-freedom movement like ESG by criticizing the threat of regulation against it. But not at all surprising.

Shareholders banding together to demand a corporation in which they hold shares does something they want isn't free market capitalism?

 

[WapPride]

Shareholders banding together to demand a corporation in which they hold shares does something they want isn't free market capitalism?

A lot of ESG initiatives I've seen implemented are driven mainly by major suppliers (Home Depot, Lowes, Ikea, etc) requiring their suppliers hit diversion metrics by xxx date. The reason I've been given as to why they're making this push is because those major suppliers see value in appealing to the younger generation who cares about the environment.

The thought that this is somehow anti-freedom is completely asinine. Businesses are adjusting to future trends that they think will benefit them. Also, the major push for domestic businesses to meet ESG metrics are coming from European businesses that want to see more sustainability. Hell, Home Depot and Ikea have told some of their suppliers that if they don't hit 95% diversion by 2030 then they're not going to market their products anymore.

 

[hopefultiger13]

A lot of ESG initiatives I've seen implemented are driven mainly by major suppliers (Home Depot, Lowes, Ikea, etc) requiring their suppliers hit diversion metrics by xxx date. The reason I've been given as to why they're making this push is because those major suppliers see value in appealing to the younger generation who cares about the environment.

The thought that this is somehow anti-freedom is completely asinine. Businesses are adjusting to future trends that they think will benefit them. Also, the major push for domestic businesses to meet ESG metrics are coming from European businesses that want to see more sustainability. Hell, Home Depot and Ikea have told some of their suppliers that if they don't hit 95% diversion by 2030 then they're not going to market their products anymore.

Exactly... That's pure Capitalism... just not the prettiest side of it. Private businesses are demanding that things be done the way they want them done or they take their business elsewhere. Investors are demanding that companies act in accordance with the people who own the company's wishes.

On the OTHER HAND... we have a group of government employees taking court action to help protect the fossil fuel industry at the expense of the renewable companies.

Who's protecting capitalism again? Uses buzz words like "woke" doesn't change that at all.

 

[Willence]

Shareholders banding together to demand a corporation in which they hold shares does something they want isn't free market capitalism?

When they conglomerate under a large entity that is heavily invested not by choice in many states and companies retirement systems and then use that to extort what they want from the companies that they are invested in that is not capitalism.

 

[Willence]

A lot of ESG initiatives I've seen implemented are driven mainly by major suppliers (Home Depot, Lowes, Ikea, etc) requiring their suppliers hit diversion metrics by xxx date. The reason I've been given as to why they're making this push is because those major suppliers see value in appealing to the younger generation who cares about the environment.

The thought that this is somehow anti-freedom is completely asinine. Businesses are adjusting to future trends that they think will benefit them. Also, the major push for domestic businesses to meet ESG metrics are coming from European businesses that want to see more sustainability. Hell, Home Depot and Ikea have told some of their suppliers that if they don't hit 95% diversion by 2030 then they're not going to market their products anymore.

That is absolutely their choice to do those types of things. However when they don't even meet those requirements themselves it becomes an issue. These metrics are so arbitrary and really don't do anything to solve the problems that we have. I'm not worried about the whole ESG thing because it's going to end up blowing up on itself anyway. But companies like BlackRock that invest money on behalf of portfolios they service as though they somehow are the actual shareholder is ridiculous. They cannot exert influence on behalf of people that they don't truly represent without their consent. I happen to know one of the people that runs Home Depot so I'm going to ask him about that next time I see him.

 

[iceheart08]

When they conglomerate under a large entity that is heavily invested not by choice in many states and companies retirement systems and then use that to extort what they want from the companies that they are invested in that is not capitalism.

What are you talking about man? Shareholders using their power within an organization to push another organization to do a specific thing is pretty basic capitalism. The words you typed here dont make any sense.

 

[Willence]

What are you talking about man? Shareholders using their power within an organization to push another organization to do a specific thing is pretty basic capitalism. The words you typed here dont make any sense.

I am primarily referring to outfits like BlackRock.

 

[dbjork6317]

Montana Attorney General Questions 'Woke' Investments

Montana Attorney General has joined several other state attorneys general in questioning ESG investments in energy company investments.

newstalkkgvo.com

Free market going in a directiom conservatives don't like? Regulate it!

I have really stopped taking any person who uses the term “woke” unironically seriously at all.