Does woke corporate policy violate America's antitrust laws?

American Thinker ^ | January 1, 2023 | John Dale Dunn

[E. Pluribus Unum]

Chris Talgo at The Heartland Institute asserts that environmental, social, and governance (ESG) metrics have become the bully boy project of the the big Wall Street investment firms and Fortune 500 companies, using trillions of dollars in assets under their control, that are just pension funds and retirement accounts for everyday Americans.  Under the law, they have no right to use their fiduciary relationship with investors and savers to push a political agenda — so what gives?

As Mr. Talgo asserts, there is a good legal argument that ESG violates antitrust laws, an argument gaining momentum at the state and federal levels.  On December 6, Rep. Jim Jordan (R-Ohio) announced that the Committee on the Judiciary will investigate this very matter when the 118th U.S. Congress convenes next month.

According to a letter penned by Jordan and several of his Republican colleagues,

Woke corporations are collectively adopting and imposing progressive policy goals that American consumers do not want or do not need. ... [W]hen companies agree to work together to punish disfavored views or industries or to otherwise advance environmental, social, and governance (ESG) goals, this coordinated behavior may violate the antitrust laws and harm American consumers.

[dfwgator]

Antitrust Laws, what are those?

[logi_cal869]

I hadn’t considered that. But in this age of mega global corporations feeding politicians’ wealth both via a conduit of influence and insider trading, I don’t see that it matters much.

[EEGator]

ESG = Corporate Fiduciary Negligence

All should be held accountable. (None will)

[SMARTY]

Is that a rhetorical question?

[moovova]

Yep. Turn it over to the DOJ.

[SunkenCiv]

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[Albion Wilde]

Bump