One of the most dangerous threats to our democracy and our economy is the horizontal ownership of public company stocks by financial giants like BlackRock, State Street, and Vanguard.
Companies in America must abandon values that are counter to the fiduciary duties of their leaders. ESG is about nothing other than spreading a harmful ideology that the majority of American's do not approve of.
Within companies, the spread of ERGs, or Employee Resource Groups, equates to company leaders doling out resources and opportunity based on skin color, sexual preference, and gender/queer ideology adherence. Merit-based, ideals that respect the American values that had enabled the us (the vast majority) to achieve the American Dream have been replaced with collectivist and moral relativist ideals. Individual liberty and entrepreneurial spirit have given way to soft corporate Marxism.
I should have also noted that this is a very well written article. Nice work and more of this, please!
Companies in America must abandon values that are counter to the fiduciary duties of their leaders. ESG is about nothing other than spreading a harmful ideology that the majority of American's do not approve of.
Within companies, the spread of ERGs, or Employee Resource Groups, equates to company leaders doling out resources and opportunity based on skin color, sexual preference, and gender/queer ideology adherence. Merit-based, ideals that respect the American values that had enabled the us (the vast majority) to achieve the American Dream have been replaced with collectivist and moral relativist ideals. Individual liberty and entrepreneurial spirit have given way to soft corporate Marxism.