Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MtnClimber

My flabber is gasted that those states are the ones pushing;
“Fifteen States Respond to ‘Woke Capitalism,’ Threaten to Cut Off Banks That Refuse to Service Coal, Oil Industries.”

If that group of folks have bought in to the woke banking idea all is lost.


5 posted on 12/05/2021 5:08:05 AM PST by outofsalt (If history teaches us anything, it's that history rarely teaches anything.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: outofsalt
A boycott of banks that are stupid enough to lose money on unproven and money losing ventures is not "woke capitalism", it is the epitome of free market choice. Why should a customer continue to finance entities whose investment plan produces a shortage of energy, resulting in increased cost of living via higher energy costs that negate any ROI for the customer?

I think you mistook what the author meant by woke capitalism. The author was referring to the nonsensical blending of POLICY driven capitalism as opposed to market driven. The market is responding via it's DULY elected representatives, not the deep state driven halls of power in DC.

17 posted on 12/05/2021 5:40:33 AM PST by cport (How can political capital be spent on a bunch of ingrates)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: outofsalt

I think you misunderstand. The big banks have all threatened to cut off banking services to the oil, coal, gas industries, because of pressure from Woke battalions, plus money from Demonrat state pension funds (California, New York,Illinois). The fifteen states are telling JPM, C, BAC, etc, that they will stop doing business with banks if the banks stop doing business with the hydrocarbon industry.


54 posted on 12/06/2021 11:42:58 AM PST by bIlluminati (Demonetize the Left. Buy nothing from them. Sell nothing to them. Shun them.)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson