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Gillian Tett on Anthropology for the Modern Economist

IMF Podcasts

CHAPTER

The Backlash Against ESG

There's a big backlash against ESG, some people argue it's sort of war capitalism. Why is a backlash happening now? It's partly because of the energy crisis and there hasn't been enough discussion about trade-offs. Milton Friedman developed his ideas about shareholder-only capitalism when there were three things happening in the mid-20th century which are not applying today.

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