Corporate #wokeism has a (reasonably) new name. ESG. Environmental Social Governance claims to be about focusing on social goals and not just profits, but it’s more like corporate socialism pushing Marxist energy policy with its own social credit score.
Big corporations love socialism on paper. The government gives you favored status and crushes competitors. But like all water carriers, they ignore the historical downside. You assume you’ll get the sole-source preference and then get to keep it. Guaranteed prosperity for you but the odds are you’ll be up against a wall with the rest of them, replaced by a better boot-licker. If not, the bureaucracy will get you or the police state.
In the end, it all goes bad but for a few. Betting you’ll be the one percent of that one percent is a long bet and unlikely to pay off. But I digress.
ESG is just another brick in that wall or stone on that path, and Senator Tom Cotton has a few thoughts about that. ESG might look good given the focus of the regime, but that thinking has led to skyrocketing energy prices, exacerbated inflation, and the general public is unhappy.
Just ask Disney what that can do to your stock price.
And change is in the wind. And if or when that change comes, Congress could take an interest in corporate complicity.
I’m not holding my breath. Tom Cotton needs other Republicans to go along on this ride, and not just a dog an pony show. But it’s nice to see someone actually thinking about it out loud.
