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The War on ‘Woke Capital’ Is Backfiring
The Atlantic ^ | 1/31/24 | James Surowiecki

Posted on 02/03/2024 12:55:57 PM PST by DallasBiff

One of the stranger political crusades of the past few years has been the Republican war on so-called woke capital, which has led GOP politicians across the country to adopt a kind of anti-corporate, pro-regulatory rhetoric that one normally associates with the left wing of the Democratic Party. And among the GOP’s favorite targets in this war has been ESG investing—investment funds that take “environmental, social, and governance” considerations into account.

For Republicans, ESG funds are a Trojan horse, designed to smuggle progressive attitudes toward climate change, and diversity and inclusion, into executive suites and corporate boardrooms, all under the guise of supposedly improving investment returns. And so, in red states, state treasurers have pulled public money out of firms that are associated with ESG, including even some of the world’s biggest investment firms, such as BlackRock and State Street.

(Excerpt) Read more at theatlantic.com ...


TOPICS: Business/Economy; Culture/Society; Politics/Elections
KEYWORDS: actblue; biden; capital; democrats; esg; federal; investing; irs; kickbacks; moneylaundering; paytoplay; sec; theatlantic; woke
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To: DallasBiff
Elon Musk practically created the ESG category with Tesla, and then got booted from it after he took control of Twitter.

ESG is just as politically corrupted as anything else.

-PJ

21 posted on 02/03/2024 1:39:27 PM PST by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: MNJohnnie

I’m sitting in a chair typing away because the atmospheric CO2 has not stopped the temperature from rapidly falling outside.


22 posted on 02/03/2024 1:39:28 PM PST by Brian Griffin
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To: Brian Griffin

I wish I held onto my Apple shares - they would now be worth about $5 million.
————————————-

Yeah…don’t do that to yourself. I came across an old portfolio and cringed the other day. That’s why I don’t see much these days.


23 posted on 02/03/2024 1:42:17 PM PST by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: ro_dreaming

Fiduciary responsibility.

Anything other than that and we’re fighting.

It’s like they think ppl don’t have the right to decide what is done with their own money!

Ask Bud Light about ppl having choice how to spend (invest) their money.


24 posted on 02/03/2024 1:42:43 PM PST by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: DallasBiff

An idiot urinalist who most likely favors a plethora of policies that negatively impact the profitability of corporations is claiming that conservatives are losing money by not investing with Blackrock and their ilk. The hypocrisy is stratospheric!


25 posted on 02/03/2024 1:46:40 PM PST by who_would_fardels_bear (What is left around which to circle the wagons?)
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To: momincombatboots

Trying to throw some shade on Trump? He’s gonna be the nominee. Unless they rig the elections in the swing states again, he is gonna be the next President.


26 posted on 02/03/2024 1:47:31 PM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: cowboyusa

The Democratic Party is the party of Billionaires.


27 posted on 02/03/2024 1:49:07 PM PST by dfwgator (Endut! Hoch Hech!)
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To: SPDSHDW
Trump’s not Conservative. Never has been, never will be.

So long as he gets the results I want, I don't care.

I’m been saying this exact thing since at least 2017 around here.

I've been saying it since 2016.

28 posted on 02/03/2024 1:50:16 PM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: momincombatboots
Trump gushed over Disney.

And his son told conservatives to knock it off regarding the Bud Light boycott.

29 posted on 02/03/2024 1:52:29 PM PST by Drew68 (Never forget that every person responsible for the nation's COVID policies totally got away with it.)
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To: momincombatboots

“Trump gushed over Disney.”

Get over it already. Trump is going to be the nominee whether you like it or not.

So pick a damned side.

L


30 posted on 02/03/2024 1:54:42 PM PST by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: DallasBiff

The Atlantic’s ad revenues are hurting. Can’t wait to hear of the layoffs and bankruptcy!


31 posted on 02/03/2024 1:57:52 PM PST by MeganC (Ruzzians aren't people. )
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To: MNJohnnie

Straight up lie

Trump Slams Disney For Going ‘Woke’ As He Blames DeSantis For Failing To Stop It

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Not a single poster should expect anything but straight up lies from that poster. That is what she is paid to do.


32 posted on 02/03/2024 2:05:12 PM PST by mlitefan (Long time lurker...)
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To: DallasBiff

Increase ESG scores by donating to ActBlue and give appropriate kickbacks to Dem politicians.


33 posted on 02/03/2024 2:13:21 PM PST by Thunder90 (All posts soley represent my own opinions)
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To: DallasBiff

Blackrock , which got rich using a financial program that accurately predicted toxic investments went woke and changed the game to support scams like climate change and Diversity Inclusion Equity (DIE). Larry Fink is the man behind this. It figures that a Communist FINK would change the rules mid game.


34 posted on 02/03/2024 2:45:19 PM PST by Nateman (If the Pedo Profit Mad Moe (pig pee upon him!) was not the Antichrist then he comes in second.)
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To: DallasBiff

So where is the backfire?


35 posted on 02/03/2024 2:57:32 PM PST by Brilliant
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To: DallasBiff

The Atlantic cannot keep their stories straight:

https://www.theatlantic.com/ideas/archive/2024/01/media-layoffs-la-times/677285/

You can’t get more woke than the croaking mass media.


36 posted on 02/03/2024 3:01:00 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: Political Junkie Too
Elon Musk has publicly stated that ESG is EVIL.
37 posted on 02/03/2024 3:31:00 PM PST by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
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To: Texas Fossil
Sure, after they dumped him for Exxon.

-PJ

38 posted on 02/03/2024 3:39:27 PM PST by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Brian Griffin

“I wish I held onto my Apple shares - they would now be worth about $5 million.”

Everybody has their price to turn to the dark side.


39 posted on 02/03/2024 6:10:59 PM PST by ProgressingAmerica (The historians must be stopped. They're destroying everything.)
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To: DallasBiff

Sports, music, corporate leadership: I don’t care about your politics, your gender(s), pronouns, religion (or lack thereof), or anything other than PERFORMANCE.

If DEI initiatives increase profitability you won’t be able to stop them.


40 posted on 02/03/2024 6:23:21 PM PST by Aeneas2112 (YOU are your own first responder)
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