How Did We Get Here in this Hand Basket?........................
Start-ups + CRYPTO + Gambling fever ==== DISASTER
“How Did We Get Here in this Hand Basket?........................”
The genesis of this was the concept of “stakeholder”, as contrasted to “stockholder”.
The idea of “stakeholder” is that it should not just be stockholders that determine the course of a corporation, (has a voting right) , but the public in general, since it is impacted by what a company does (environmentally, socially, how it treats its workers) and therefore has a “stake” in how a company operates.
So they claim that they should have a say-so on how a company does things even though they have no financial skin in the company like stockholders do.
ESG is how they are going to get that power. And guess who is going to control ESG?
It’s basically an attempt by the left to take control of corporations - and so far it has been quite successful... and they’re just getting started.
You got to give credit to these termites - they can me quite clever coming up with destructive schemes. We need to get better at fumigating them.