System racism is very real and has resulted in undeniable disparities in areas like homeownership rates, healthcare access, and food access. The reasons for these disparities are largely the result of the capitalist class's continuous refusal to provide proper social benefits and opportunities to lower income groups (mostly minorities) and historic refusal to do so across even more explicit racial lines (denial of home loans to minorities, black exclusion from GI bill, etc.).
DEI/ESG is just the latest tactic of the capitalist class to "wokewash" the deeply racist system. BlackRock is big into ESG yet owns several coal mines and cigarette companies which somehow have high ESG scores. Putting a minority on a board of directors or making woke ads will do nothing to improve the material conditions of working class people of any race. The conflict around DEI/ESG takes place only in the cultural sphere and is not worth devoting much brainpower to.
I dislike DEI too, but we can't let racial or cultural divisions prevent us from recognizing our primary identity as working people. Uniting as working people is the only way we could change our deeply oppressive and exploitative system.
I'm familiar with the research. It's worth mentioning that the drop in companies talking about DEI and ESG wasn't just about the acronyms but also the words: diversity, equity, inclusion, etc. So, the interest is waning, yes.
True. The DEI chatter on the calls, or lack thereof, extended to the actual words themselves too. So, if a company said nothing about DEI/ESG but mentioned inclusion or diversity, it was still included in the stats.
"CCP" is a slur. The Communist Party of China is abbreviated "CPC".
Also, the "social credit score" system doesn't exist, at least the way Western media describes it. You can look up the details for yourself, but what China has is a credit score system (actually multiple regional level systems) not unlike ours. These systems similarly aggregate data about a person's financial transactions, and occasionally criminal history to generate a credit trustworthiness score. The US is the one whose social media companies illegally spy on and exchange data on people. No company and China has ever been shown to do this.
Please do not talk about things you do not know about, and spread verifiably false information.
System racism is very real and has resulted in undeniable disparities in areas like homeownership rates, healthcare access, and food access. The reasons for these disparities are largely the result of the capitalist class's continuous refusal to provide proper social benefits and opportunities to lower income groups (mostly minorities) and historic refusal to do so across even more explicit racial lines (denial of home loans to minorities, black exclusion from GI bill, etc.).
DEI/ESG is just the latest tactic of the capitalist class to "wokewash" the deeply racist system. BlackRock is big into ESG yet owns several coal mines and cigarette companies which somehow have high ESG scores. Putting a minority on a board of directors or making woke ads will do nothing to improve the material conditions of working class people of any race. The conflict around DEI/ESG takes place only in the cultural sphere and is not worth devoting much brainpower to.
I dislike DEI too, but we can't let racial or cultural divisions prevent us from recognizing our primary identity as working people. Uniting as working people is the only way we could change our deeply oppressive and exploitative system.
this article made me very happy
I'm happy it did :)
The music I hear as I'm reading this
https://youtu.be/6BRXxTToV-I?si=fpMuqshUs7vDWnbt&t=193
Thank goodness.
I'm familiar with the research. It's worth mentioning that the drop in companies talking about DEI and ESG wasn't just about the acronyms but also the words: diversity, equity, inclusion, etc. So, the interest is waning, yes.
True. The DEI chatter on the calls, or lack thereof, extended to the actual words themselves too. So, if a company said nothing about DEI/ESG but mentioned inclusion or diversity, it was still included in the stats.
Please do write the article on McKinsey. It's beneficial to know the source of false ideas so they can be discredited properly.
I agree. Will do, Alan.
Let's not mentioned ESG is a World Economic Forum lead conspiracy.
Encouraging data. ESG is being rebranded as transition investing. Never forget that it is a CCP style social credit scoring system: https://yuribezmenov.substack.com/p/how-to-raise-your-esg-score
"CCP" is a slur. The Communist Party of China is abbreviated "CPC".
Also, the "social credit score" system doesn't exist, at least the way Western media describes it. You can look up the details for yourself, but what China has is a credit score system (actually multiple regional level systems) not unlike ours. These systems similarly aggregate data about a person's financial transactions, and occasionally criminal history to generate a credit trustworthiness score. The US is the one whose social media companies illegally spy on and exchange data on people. No company and China has ever been shown to do this.
Please do not talk about things you do not know about, and spread verifiably false information.
But why would you share a link to a piece from over a year ago that has nothing to do with that, i.e., transition investing? Make it relevant.