Hey everyone, it's James Lindsay.

You're listening to new discourses of bullets where I try to break down one topic for you

in a tight-sissing way so you can know what it is and make important decisions about it.

Bullet point style.

Today we talk about ESG.

If you wondered why woke keeps happening, why all the corporations above a certain size

are going woke, why all the new startups are woke, this isn't organic or not wholly organic.

It's not just that the values of the people entering the managerial world are generally woke.

It is in fact because there is a scam, a cartel actually that's running the entire thing

from within the finance industry and within the investment industry.

And that is called ESG, which is three letters and other acronym, of course, it stands

for environmental social and governance, scoring and policy.

So what you have is a small number of actors and very large financial institutions who

have created this concept of what environmental responsibility looks like, what social

responsibility looks like, and what proper corporate governance responsibility looks

like, allegedly because it creates long-term profitability, something that investors would

be interested in, not just short-term profitability.

And they manipulate the market rather than having a free market where companies can do what

they want.

They get these scores off of these ESG scores.

And then the major asset managers like Vanguard, BlackRock, Fidelity, State Street, Goldman

Sachs, maybe Wells Fargo and so on, decide if they're going to manage the assets, give

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