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Op-ed: Republican efforts to limit ESG investing are anti-capitalist
CNBC ^
| January 13, 2023
| Sens. Sheldon Whitehouse, D-R.I., Brian Schatz, D-Hawaii and Martin Heinrich, D-N.M.
Posted on 01/13/2023 6:56:52 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer
Capitalism can be great, or it can suck.
This is example of how Capitalism sucks.
2
posted on
01/13/2023 6:58:22 AM PST
by
dfwgator
(Endut! Hoch Hech!)
To: Oldeconomybuyer
More soft fascism from the left.
No, you HAVE to invest in environmentalism, social equity, and other leftie causes or you’re not capitalist.
3
posted on
01/13/2023 6:58:31 AM PST
by
struggle
To: dfwgator
BS - capitalism means growth of capital and profit.
Forcing people into investments that will lose money is socialism.
4
posted on
01/13/2023 6:59:26 AM PST
by
Skywise
To: Oldeconomybuyer
BWAAA HA HA HA
( deep breath )
AAAHHH HA HA HA HA.
5
posted on
01/13/2023 6:59:49 AM PST
by
cuz1961
(USCGR Veteran )
To: cuz1961
Wait....
Sens. Sheldon Whitehouse, D-R.I., Brian Schatz, D-Hawaii and Martin Heinrich, D-N.M. were being serious.?
So ridiculous.
6
posted on
01/13/2023 7:02:17 AM PST
by
cuz1961
(USCGR Veteran )
To: Oldeconomybuyer
They got this exactly backwards.
7
posted on
01/13/2023 7:02:18 AM PST
by
BitWielder1
(I'd rather have Unequal Wealth than Equal Poverty.)
To: Oldeconomybuyer
Three statists telling us what capitalism is.
8
posted on
01/13/2023 7:03:31 AM PST
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: struggle
There is always Capitalism, it’s a question of how Capitalism is controlled.
Communism was nothing more than State Capitalism, with the State controlling the Capital.
We promote Free Enterprise, which is about Capital being controlled by the individual.
9
posted on
01/13/2023 7:04:25 AM PST
by
dfwgator
(Endut! Hoch Hech!)
To: Oldeconomybuyer
The Left’s Core Strategy #1: “Pick the target and polarize it." *via Rules for Radicals
The Left’s Core Strategy #2: Scream accusations of racism (or racist attacks) at anything you don't like or which slows your agenda. *Sexism, "homophobia", etc. are also opportunities.
The Left’s Core Strategy #3: Intensely attack Republicans for doing what you are doing.
The Left’s Core Strategy #4: Attack Republicans with shallow insults in an effort to negatively influence the public's view of their character. Do not attempt to explain the insults. Think drive-by shooter.
The Left’s Core Strategy #5: When all else fails, censor speech and/or deploy violence.
Repeat
10
posted on
01/13/2023 7:07:25 AM PST
by
Vision
(Woke is communism and it has no place in America. Election Reform Now! Obama is an evildoer.)
To: Oldeconomybuyer
3 of the DUMBEST DEMOCRATS IN THE SENATE WROTE THIS CRAP!
11
posted on
01/13/2023 7:09:01 AM PST
by
Ann Archy
(Abortion....... The HUMAN Sacrifice to the god of Convenience.)
To: Oldeconomybuyer
Investing in ESG is a function of government pressure on corporations, which is anti-capitalistic. Corporations have a fiduciary responsibility to invest in which will give the greatest return to the stockholders. ESG does not do this.
12
posted on
01/13/2023 7:15:52 AM PST
by
cpdiii
(CANE CUTTER-DECKHAND-ROUGHNECK-OILFIELD CONSULTANT-GEOLOGIST-PILOT-PHARMACIST)
To: Oldeconomybuyer
Blackrock has every right to offer a ESG fund to market to virtue signalers who want them. Investment funds did that in the seventies with the fad of socially responsible funds that went into the toilet with crappy returns relative to the general market indices and disappeared from the scene. What they don’t have a right to do is offer general stock funds that subscribe to ESG criteria for selecting stocks without advising investors in the prospectus they are employing that criteria and the limitations of their ESG investment criteria.
13
posted on
01/13/2023 7:22:36 AM PST
by
chuckee
( )
To: Oldeconomybuyer
they are attempting to prevent financial institutions from allocating capital in accordance with investor preferences and risk management principles.
The biggest groups of investments in ESG plans are not among the informed, are are generally not given the option to choose or not choose ESG investments.
That is not capitalism.
14
posted on
01/13/2023 7:27:12 AM PST
by
lepton
("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
To: Oldeconomybuyer
I used to be amazed at how stupid some people could be - but never underestimate the stupidity of politicians. I am certain that one of the requirements to be a politician - especially a 21st Century Liberal Politician is total ignorance of basic economic principles.
To: Ann Archy
3 of the DUMBEST DEMOCRATS IN THE SENATE WROTE THIS CRAP!Aides to 3 of the DUMBEST DEMOCRATS IN THE SENATE WROTE THIS CRAP!
16
posted on
01/13/2023 7:50:59 AM PST
by
BlackbirdSST
(Trump WON!!! He will win 2024!)
To: Oldeconomybuyer
BS Article.
ESG leads to and contains the seeds of public Social Credit Scoring. CHI COM methods.
And I can show you where companies show the ChiCom connection on their public website. For real. (I despise one of the companies, had really shabby treatment from them 2 years ago.)
Ask and I will give you one clear link. Complete with pretty Chinese lady as seen on Twitter (following everyone who says anything critical of the CCP)
17
posted on
01/13/2023 7:52:45 AM PST
by
Texas Fossil
((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
To: Oldeconomybuyer
Like Democrats actually care about capitalism (spoiler: they don't).
18
posted on
01/13/2023 7:58:45 AM PST
by
Major Matt Mason
(To solve the Democrat problem, the RINO problem must first be solved.)
To: cuz1961
19
posted on
01/13/2023 8:02:35 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Oldeconomybuyer
ESG is communism and abdication of fiduciary responsibility for companies that practice it.
20
posted on
01/13/2023 9:03:43 AM PST
by
mrmeyer
(You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
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