Ones and Tooze Live From New York’s Caveat Theater
Sep 27, 2024
This live recording sparks excitement as hosts celebrate milestones and a birthday. Key insights into John Maynard Keynes connect climate activism and democracy, challenging listeners to reflect on personal commitments. The evolution of 'activism' and its implications for ESG investing are explored. Engaging discussions on growth through learning and therapy juxtapose historical economic concepts with current challenges. Finally, the intricacies of power dynamics and cosmopolitanism highlight the nuances of nationalism, migration, and global financial discourse.
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Tooze's Activism
- Adam Tooze sold newspapers for a Trotskyist party in the 1980s.
- He also engaged in activism targeting IMF economists' analyses of the Italian economy.
ESG's Limitations
- ESG investing, while potentially impactful, often involves offloading polluting assets.
- This shifts the burden to weaker balance sheets, hindering true decarbonization.
ESG and Self-Interest
- ESG encourages investors to consider long-term risks and rewards.
- It promotes aligning with future trends, like the declining acceptability of coal.