Blackrock Joins The Looters, Sanction Its Own Victimhood

Posted by $ mshupe 3 years, 4 months ago to Economics
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"Georg Kell believes there is an app for everything, particularly if it’s a self-fulfilling prophecy he can control and exploit for personal gain. That is how ESG investing works. By establishing arbitrary, subjective, politically correct, and politically enforceable standards for corporate governance, there is money to be looted. As he explains in his The Remarkable Rise of ESG Investing article,

“I also oversaw the creation of UN Global Compact’s sister initiatives – Principles for Responsible Investment, Principles for Responsible Management, and Sustainable Stock Exchanges.” For Kell’s ilk, their goal is to generate momentum for reinventing capitalism, make a few bucks on the side, and he’s got an app for that."

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  • Posted by $ Abaco 3 years, 3 months ago
    When I was working as a registered investment advisor rep I steered my clients away from the "socially responsible" funds marketed to the retail investors (institutional investors only give them lip service). Many of them are heavily loaded with pharmaceuticals, which is funny. Those are the only financially positives in those funds. The rest seemed to be windmills, and solar companies who took big payouts from elected officials just before closing shop.

    You can't make this stuff up...Then, there are stories like a hedge fund in SF, which shall remain nameless, being pummeled by leftists for their very loose associations with cattle ranchers and such...haha! Great stuff...
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    • Posted by $ 3 years, 3 months ago
      Great story, the contradictions are impossible to avoid because the premise is do absurd. Tidsy, hugh tech dominstes the JUST rankings, for obvious reasons. The Anti-Industrial Revolution!
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