Fasten your seatbelts. Easy jets, big orange sail is now on. With up to 20% of 700,000 seats

and 300 pounds of package holidays. But hurry, they're flying fast. Book now!

Selected travel dates, cell ends 11pm on 10th January 2023.

Demons been required and Apple protected. Travel restrictions and season sees up live.

This is the Friends of History Debating Society. I'm John Bacheler. I welcome Thaddeus Maccater, American Greatness Human Event,

writing most recently about ESG, an investment style that is extremely popular, worldwide and on Wall Street.

What it means is that you invest your money in green or in noble or in some form of social benefit.

That's deliberately not specific. So I go to Thaddeus to understand why you would recommend to your clients,

which is what we're talking about here. Why you would recommend to your clients that the client invests in something

so vague as ESG? Is there a motive here or is this just fattishness? Good evening, too.

Good evening to you, John. It's the motive is to try to destroy the profit motive for investors,

so that you can then turn people's money against their own policy wishes and invest them in a left wing agenda.

So that's what you're seeing right now. And it's usually through the capture of a large institutional investors.

So let's say you were part of a plan at work. The plan is part of another plan and or it's managed by some large institutional investor.

You have very little ability to change the direction of your investment, because it's done by a board that is already captured by left wingers.

And so they go to someplace like BlackRock and they decide, you know what, we're no longer going to have to worry about getting you the maximum return on your money.

We're going to decide to spend it wherever we want for whatever reason we want. You're supposed to consider yourself and us, all better people for it.

So the lot of just trying to destroy the profit motive, because in the end, John, the profit motive is the reason that people do not like left wing economics,

it's because they're the politics scarcity, not prosperity. So if you do not have to deliver a return on investment or maximize profit, well, I guess it's not so bad, is it?

I know in your essay, you make it clear that not only is it a recommendation to invest in ESG, that's environment, social and governance, but also it's the power of the investor class to prevent you from investing in something that is not considered ESG.

For example, Occidental Petroleum, Colleague of Mine recommended it to a barren's audience in November of 2021 since then Occidental Petroleum has tripled.

So ESG would come forward and say, don't buy Occidental Petroleum because though it's going to go up and all the people who invest in it are going to make money.

...