ESG is the Perfect Storm Against Capitalism to Destroy Our Way of Life

by | May 15, 2022 |

Print Friendly, PDF & Email

Every Woke, Liberal, Progressive, and straight out Socialist will tell you that Environmental, Social and Governance (ESG) investing is an investment strategy you can use to put your money to work with companies that strive to make the world a better place. What it really is, is an anti-energy, anti-development, and anti-America strategy that helps to destroy our ability to produce low-cost, reliable energy.

Alex Epstein at industrialprogress.net says that “ESG poses as a moral and financially savvy movement that is an immoral and financially ruinous movement. It prevents poor countries from developing and threatens America’s security.

Few knew what the initials “ESG” meant 5 years ago, but it is well-known today among corporate investors. One hundred and eighty CEOs recently signed a Business Roundtable statement on business purpose. They have agreed to move away from trying to improve business and the investment outcome for its stockholders, focusing instead on goals involving political objectives.

Whoever gave banks this sort of control over the world to collude to reshape economies and energy infrastructure? The answer is the notorious World Economic Forum whose rich members meet annually in Davos, Switzerland, to discuss taking over the world under the leadership of Klaus Schwab, author of the now-infamous Great Reset, which describes how these jet setters hope to accomplish this.

Depriving citizens of the more than 6,000 products that were non-existent before 1900, made from the oil derivatives manufactured from crude oil, is immoral and evil as extreme shortages will result in billions of fatalities from diseases, malnutrition, and weather-related deaths. 

The pretense of liberal investment advisors that the market has long focused on social and environmental issues for companies that they invest in ⏤ is simply not true. A reading of the 1974 Employee Retirement Income Security Act (ERISA) shows that it was written to set minimum standards to ensure financial soundness for the employees. Late last year, the Department of Labor (DOL) published an additional rule aimed at fiduciaries of employee benefit plans.

The new rule states clearly in section C1 that “plan fiduciaries are not permitted to sacrifice investment return to take on additional investment risk to promote non-pecuniary benefits.” Liberal financial advisors are ignoring this rule as they accept ESG scores from third-party progressive evaluators of scores given to companies based on their environmental concerns, their social responsibility, and the way in which the companies are governed. The latter can be based on diversity and, believe it or not, their support for LBGTQ.

Blackrock, the world’s largest fund manager, is promoting ESG as a marketing pitch to younger investors who are more interested in improving society than investment returns. They ignore ERISA and write their own investing rules and ignore a more honest approach of attempting to repeal ERISA. They do not attempt that as it would alert young investors to the real rules for equitable investment clearly include political motivations. 

A little-known fact is that the ESG movement was drummed up by the United Nations, not exactly a financial behemoth. They likely recognized what Ron Stein said in an article at cfact.org on January 17, 2022, that ESG really stands for Extreme Shortages Guaranteed. They were surely guided entirely by socialist goals, and the elimination of fossil fuel utilization around the world. The number one issue giving companies a high ESG score is their efforts to abandon fossil fuels or investment in them.

In doing so, the UN has greatly caused the price of energy to increase and deprived the poorest nations of the opportunity to advance their standard of living through inexpensive energy. The ESG movement is starving energy companies of new investment, but more important yet is that it increases the costs of everything because almost everything requires the input of a hydrocarbon derivative.

To quote Ron Stein again in the most serious manner, products based on oil include the entire medical industry, the military, the airline industry, all electronics, communication, shipping, and asphalt for roads and fertilizers to grow our food.

These ESG caring people are crazy. But it gets even worse. Almost the entire banking industry has joined an alliance to promote a net-zero economy, meaning investing in things that produce no carbon dioxide. Such a plan eliminates the hope of reducing millions of childhood deaths each year from the lack of the fossil fuel derivatives used in wealthier countries.

The ESG movement is also an enormous threat to our security and that of the free world. Depriving us and other countries of inexpensive energy gives the edge to China ⏤ which aims to become the dominant force in the world. 

The movement claims to be able to generate more income for investors though there are no numbers to support these claims. They do not come from your stockbroker but rather the liberal cabal trying a capitalist seeming plan to bring on more failed socialism in our world. They are the wolves parading most assuredly as sheep.

ESG is underpinning an emergent parallel government to that which we elect with its capital on Wall Street, says Matt Levine, a lawyer, and former Goldman Sachs investment banker, in Bloomberg Opinion on June 25, 2020. It consists of a handful of gigantic institutional asset managers, including Blackrock, Vanguard, Fidelity, etc., who own on behalf of their customers most of the stocks of most of the public companies. These asset managers tell companies to do things that they think are good for society. No longer about just business, it is about how society should be run, decisions on the environment, workers’ rights and racial inequality, and other controversial political topics.

Robert Darrell said in an essay at the Real Clear Foundation titled Capitalism, Socialism and ESG: “that a handful of Wall Street titans should make decisions on behalf of society, gives an ironic twist to the term inclusive capitalism ⏤ which in truth, is the essence of insider capitalism. It would be hard to imagine a more effective way to undermine the legitimacy of capitalism than to have financial oligarchs usurping the functions of democratic institutions and the legitimacy of the ballot box by making political and societal decisions.” 

There are no words too strong to describe the evil intent of the ESG movement unless, of course, you are Marxist, Progressive, Liberal, Socialist, or dare say, Communist who sees Capitalism as Dracula would see a wooden Cross. The battle over ESG is for the future of capitalism. Only capitalism has generated economic growth and improved living standards among the world’s competing systems. It is not an instrument of political power. It is not intended to weaponize financial powers. It is intended to maximize the economic benefits and level of happiness for the citizens who are fortunate enough to live within it. Next time you hear or read the words ESG, don’t just sit there ⏤ strike a blow for liberty by explaining its evil intent to others.

Look for Part 2 of this series next week.

Dr. Jay Lehr

Dr. Jay Lehr is a Senior Policy Analyst with the International Climate Science Coalition and former Science Director of The Heartland Institute. He is an internationally renowned scientist, author, and speaker who has testified before Congress on dozens of occasions on environmental issues and consulted with nearly every agency of the national government and many foreign countries. After graduating from Princeton University at the age of 20 with a degree in Geological Engineering, he received the nation’s first Ph.D. in Groundwater Hydrology from the University of Arizona. He later became executive director of the National Association of Groundwater Scientists and Engineers.

Use the code ‘OUTLOUD’ and save 15%
Subscribe
Notify of
guest
5 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
Mark W
Mark W
1 month ago

Another term to watch is Stakeholder Capitalism. I’m on my companies Community Outreach committee, we are using the tenants of ESG to ‘guide us’. I’m there to keep it from becoming a woke commie echo chamber.

Rumplestiltskin
Rumplestiltskin
Reply to  Mark W
1 month ago

It already is. Because everything the government says about “Global Warming:- “Climate Change” is false. All this idiocy was instituted for the benefit of a few. Humans have nothing to do with Climate Change because it is our sun which determines our climate. How do I know, because REAL SCIENTIST HAVE ALREADY TOLD US THE TRUTH, BUT ARE BEING IGNORED FOR OBVIOUS FINANCIAL REASONS AND THE EGO OF SOCIOPATHS.

truepatriot
truepatriot
Reply to  Rumplestiltskin
1 month ago

Truer words were never spoken. The government is our enemy. The only answer is war.

digleigh
digleigh
1 month ago

Find out if your bank is using it..Tell them you are canceling your acct.if they do!!

exclamation
exclamation
1 month ago

ESG is a tool of elites just like carbon tax to secretly oppress the poor & maintain bureaucratic control over capital formation which would bring socioeconomic & political self determination.

Disclaimer: The information contained in this website is for educational, general information, and entertainment purposes only and is never intended to constitute medical or legal advice or to replace the personalized care of a primary care practitioner or legal expert.

While we endeavor to keep this information up to date and correct, the information provided by America Out Loud, its website(s), and any properties (including its radio shows and podcasts) makes no representations, or warranties of any kind, expressed, or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to its website(s) or the information, products, services or related graphics and images contained on the website(s) for any purpose.

The opinions expressed on the website(s), and the opinions expressed on the radio shows and podcasts, are the opinions of the show hosts and do not necessarily represent the opinions, beliefs, or policies of anyone or any entity we may endorse. Any reliance you place on such information is therefore strictly at your own risk.

At no time, nor in any event, will we be liable for any loss, or damage, including without limitation, indirect or consequential loss of data or profits arising out of, in an association of, or connection with the use of this website.

Through this website, users can link to other websites that may be listed. Those websites are not under the control of America Out Loud or its brands. We have no control over the nature, content, or availability of those sites. America Out Loud has no control over what the sites do with the information they collect. The inclusion of any links does not necessarily imply a recommendation, nor does it endorse the views expressed with or by them.

Every effort is made to keep the website up and running smoothly. However, America Out Loud takes no responsibility for, nor are we, and will not be liable for being temporarily unavailable due to technical difficulties beyond our control. America Out Loud does not sell, trade, nor market email addresses or other personal data.

Beyond the Fireworks & Bar-B-Ques… America’s Military Vets Take Note

Beyond the Fireworks & Bar-B-Ques… America’s Military Vets Take Note

No matter how much money and covert influence our enemies try to pump into America, there are millions of American veterans who once took an oath to protect and defend America that has no expiration date. You can push them so far, and eventually, you’ll reach the point where they push back. They’ve remained quietly on the sidelines, for now, observing and taking note of…

America Returns to the Days of King George

America Returns to the Days of King George

It seems the American people have not learned from their history. Rather we have reverted to a state of servitude similar to the colonies in 1776. I wonder if, when those 56 men pledged their lives, fortunes, and sacred honor in support of the Declaration of Independence, they ever conceived that not only would the American people return to a life of dependence, but that we would do so willingly…

The Most Patriotic and Accomplished President in Modern Times

The Most Patriotic and Accomplished President in Modern Times

The only president who – despite the most maligning, deceitful, and aggressive media against him 24/7/365 x 5 years – delivered what he promised the American people if elected. The least unemployed Americans in over 50 years. Made America’s energy, oil, and gas independent of oil cartels for the first time ever. In fact, he made the USA a premier exporter, helping make the price of petrol…

War, Intelligence, Energy and Elections – a Discussion with Senator Bob Kasten

War, Intelligence, Energy and Elections – a Discussion with Senator Bob Kasten

The Other Side of the Story with Dr. Jay Lehr and Tom Harris – Should we stand up to Putin even if it means nuclear war? What is the proper role of NATO in Ukraine and the rest of Europe? Who will the Democrats select to be their 2024 presidential candidate? Who really pulls the strings in the Biden administration?  Former senator and congressman Robert Kasten, Jr., an aid to both Reagan and Trump…

Worshiping Moloch, the god of child sacrifice

Worshiping Moloch, the god of child sacrifice

Let’s give the Democrat Party some credit, the Democrat Party is not godless. In fact, they worship Moloch, the god of child sacrifice. A widespread religion in the Middle East 3,500 years ago. The great news is, that these Democrats who dedicate their being to the murder of unborn children, can through time travel, themselves disappear…

How to Bring Washington DC Back Under Control

How to Bring Washington DC Back Under Control

As more and more people are vetting their candidates for state offices based on how they fulfill their oath of office, our states will not only change, but can regain the fortitude to stand up to Washington, D.C. As more and more states restore themselves to their position as parties to the compact that is the Constitution of the United States, Washington, D.C. will…

FDA and CDC Approve Vaccines for Kids 6 Months and Q & A 28 on America Out Loud PULSE

FDA and CDC Approve Vaccines for Kids 6 Months and Q & A 28 on America Out Loud PULSE

America Out Loud PULSE with Dr. Peter McCullough and Malcolm Out Loud – The outrage regarding the FDA and CDC approving and promoting the vaccines to our youngest is being heard from coast to coast. As one listener questions… “I hope Dr. McCullough covers the terrible FDA approval (and maybe soon school mandate) of the vax for kids. It’s pure corruption and evil. This is where I draw the line.”

Florida’s Gov Ron DeSantis & Lawmakers Bring 145 New Laws Into Effect July 1

Florida’s Gov Ron DeSantis & Lawmakers Bring 145 New Laws Into Effect July 1

It’s been noted that throughout the governorship of Ron DeSantis during the health crisis of COVID-19, thousands of Americans have relocated from all across the nation to reside in Florida because of the conservative God and Country values that DeSantis stands for. The Florida governor signed 269 bills in the year 2022, 11 of those measures were vetoed and 145 are new laws taking effect…

Why Roe v. Wade Will NOT Impact the Election

Why Roe v. Wade Will NOT Impact the Election

The media is trying very hard to turn the upcoming midterm elections into a referendum on abortion…A large segment of the left is once again losing its mind and proving to independent voters what independent voters were already figuring out – that the political left is led by a radicalized group of thugs who want to burn down our nation and make us live under an ultra-authoritarian communist tyranny…

America Out Loud 6 years

Celebrating 6 incredible years fighting to restore liberty and justice to our beloved America.

Your Source for Free Speech, Talk Radio, Podcasts, and News.

 

Here we take on the challenges of our generation so that we can preserve future generations. Please consider making a contribution in the fight for liberty!

iHeartRadio

The APPS are free; the mission is priceless!

Free APP
Healthycell

Podcast Networks

Apple Podcasts
Google Podcasts
Spotify
Pandora
Tunein
iHeart
Stitcher

Subscribe and Listen on Your Favorite APP

Our Columnists and Show Hosts

Truth For Health

Apple Podcasts

COVID Solution Summit

Apple Podcasts

Evacuating Americans & fully-vetted Afghan's at Risk - Help Us!

Apple Podcasts

Empowering and mentoring conservative trailblazers from Generation Z to win!

Apple Podcasts

Turning Point Action is Recruiting Precinct Chairs - Become a Grassroots Warrior Today!

Apple Podcasts

URGENT - KEEP NINE
Please join us to protect the Supreme Court:
Sign the Petition!

Apple Podcasts

The LATINO USA EXIT from the Democrat Party, click for details...

Apple Podcasts

Fighting corporate censorship and ensuring voter integrity...

Apple Podcasts

Support wounded and fallen police officers. The Wounded Blue.

Wounded Blue
Share via
Copy link