“Rama didn’t even know what the ESG is.”
You are quoting what the bishop of ESG said, not what Rama says. That claptrap bishop of ESG knows full well that Ramaswamy knows full well what so called ESG is:
It’s an interview. Listen to it if you doubt the author’s transcript. It is a direct quote from Ramaswamy.
The problem is the time line. I can’t help what Vivek said in the early interview. He has since jumped on board, written a book and created a company to profit from his activism, much of which targets companies not pursuing ESG, though certainly investors should shed companies that do like Disney. Government involvement is problematic. Giving power too Government is very risky. The next throat they grip may be yours,
This is the video. Less than 20 seconds in Vivek says he finds it difficult to define what ESG is.
https://www.youtube.com/watch?v=1gQJk_goU4Q
The point is whether this is a way for Vivek to monetize the issue. Information is power. Reading the entire article furnishes facts that show that the course being pushed by Ramaswamy will damage returns, strip money from pension funds and allow Government to dictate to industry. How has that worked before?
The evidence is furnished in the article that many of the companies being targeted (examples Exon, Vanguard, Blackrock) are competent and successful managers. Conservatives, who are well acquainted with fake news, should not be so quick to swallow what they are told without looking into the claims. Forgetting the money motive because someone sings a song that resonates to us is a dangerous blindspot.