There are a lot of Republicans running to unseat President Joe Biden.

And one of their favorite things to talk about is ESG.

They're talking about BlackRock and Vanguard and State Street.

And just in case you're wondering what exactly they're talking about, they're talking about

financial investment products.

They're investing the money of everyday citizens, retirees, 401k plans across this country.

And they're using that money of everyday Americans to vote for racial equity audits or

environmental constraints that most of those everyday capital owners are not aware of and

do not agree with.

And more importantly, which do not advance their best financial interests.

On today's explained, we're going to get into ESGs and try and figure out why of all

the things retirement funds are a hot button issue in American politics right now.

For anyone over 65 years today, it's plagued.

Sean Ramasfer, I'm here with James Surawicky.

He's a contributing writer for the Atlantic who recently wrote a piece called The Hottest

Trend in Investing is Mostly a Sham.

He was talking about ESG.

The basic idea is that an ESG fund in theory, and that's, it's very important to say in theory.

In theory, an ESG fund is trying to identify companies that are doing well on a variety

of kind of, let's call them, socially progressive criteria.

How did I like to buy a vowel?

E.

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