Capitalisn't

An Insider's Look At ESG Revisited

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Aug 10, 2023
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ANECDOTE

ESG Critique

  • ESG is often called "woke capitalism" by figures like Vivek Ramaswamy.
  • Tariq Fancy, BlackRock's former CIO of Sustainable Investing, criticizes ESG's effectiveness.
INSIGHT

ESG Misconceptions

  • Most people believe ESG investing creates social impact with their money.
  • Investment managers see ESG as higher returns with social impact, but it's mostly marketing.
ADVICE

Honesty in Stakeholder Capitalism

  • Business leaders should be honest about the limitations of stakeholder capitalism.
  • They should acknowledge the need for government intervention to address market failures.
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