The Problem with Conscious Capitalism: ESG, SRI and FMF.

Unf*cking The Republic

UNFTR Media

Government, News, Politics

4.9 • 683 Ratings

🗓️ 29 May 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we examine Conscious Capitalism™ as an organization (the trademarked entity) and Conscious Capitalism the movement characterized by the investment concepts of Environmental, Social and Governance (ESG) and Socially Responsible Investing (SRI). This is the final building block as we continue on our collision course with Milton Friedman and the Chicago School of Economics. The promise of Conscious Capitalism as a concept, ESG and SRI is that capitalism on its own can and will voluntarily cure the societal ills it causes through the auspices of further deregulation and free markets. Spoiler: It’s a load of horseshit. Enjoy!

Resources

Economic Policy Institute- Wage Stagnation in Nine Charts: epi.org/publication/charting-wage-stagnation

Good Jobs First- Violation Tracker Parent Company Summary: violationtracker.goodjobsfirst.org/parent/dte-energy

Yahoo! Finance- Vanguard FTSE Social Index Fund Admiral: finance.yahoo.com/quote/VFTAX/holdings?p=VFTAX

Infoplease- The Toxic 100: Top Corporate Air Polluters: infoplease.com/math-science/earth-environment/the-toxic-100-top-corporate-air-polluters

Conscious Capitalism- Board of Directors: consciouscapitalism.org/boardofdirectors

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Transcript

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0:00.0	Unfuckers and sub-fuckers, nose-breathing Milton bangers.
0:03.4	Welcome back.
0:04.4	Welcome home.
0:05.7	Your responses to the Cuba Not So Libre episode were wonderful, and I was surprised and delighted
0:11.3	by many of you sharing your own experiences of Havana.
0:15.1	To the loyal, the faithful, my Milton loathing Hermannos and Hermanas, the early adopting
0:19.7	unfucking soldiers helping to carry the word of
0:21.9	FMF to the masses, I salute you. Bear with us for 30 seconds as we welcome a slew of new unfuckers,
0:28.2	this time from the young Turks. Unfucking the Republic examines the policies of the United States
0:33.4	through political, economic, and socioeconomic lenses to try and dismantle the worst of our neoliberal
0:38.0	tendencies. Neoliberalism is the primary disease that we treat, though our fair republic is beset
0:42.9	and besieged by a host of others, some related, others not. Overall, we try to stay in our lane
0:48.8	and offer fresh information or present old information with a fresh perspective, a human one.
0:54.8	Our tone and approach is progressive in nature, we're more pragmatic than dogmatic,
0:59.1	and we pride ourselves on research and dispensing a liberal amount of profanity when the
1:03.0	situation calls for it.
1:04.7	Each month, we release two or three long-form deep dives into a single issue, though we've
1:08.5	built enough of a library that we're honing in on some pretty well-established themes.
1:13.1	Ten bucks says he brings up Milton Friedman.
1:15.6	Right about...
1:17.5	One of those themes, of course, is our collective disdain for the one and only...
1:22.4	Now.
	...

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