LAUNCH: RealClearInvestigations' Left-Right Guide to Politicized Capitalism
LAUNCH: RealClearInvestigations' Left-Right Guide to Politicized Capitalism
Everything you need to know about ESG and its enemies
Invisible Hand or Iron Fist? RealClearInvestigations’ Guide to Politicized Capitalism
At RealClearInvestigations today, we unveil our Guide to Politicized Capitalism -- a one-stop trove of resources allowing readers, including investors, to survey today's politically charged corporate battlefield and assess how companies are influencing American politics from outside the voting booth, and being influenced themselves.
Here are the components of our guide:
Corporate Activism on the Left ...
3 Key Players
Environmental, Social, Governance Investing
Promoting Liberal or "Woke" Causes
Policing the Unwoke
... Pushback on the Right
3 Key Players
State Pushback and Non-ESG Investing
Unwoke Corporations
Challenging Woke Capital
Among the highlights:
The Guide outlines the political struggles arising from the woking of business, including a backlash primarily from conservative state officials and executives, infuriated by the channeling of public pension dollars to leftist priorities.
Large, publicly traded companies—led by the exceedingly powerful, ESG-enamored financial services sector—overwhelmingly support progressive causes and are substantially better-organized and more influential than their conservative peers.
Michael R. Bloomberg, the media mogul and philanthropist, chairs a climate group pressuring businesses -- ones his Bloomberg journalists cover -- to report ESG data via Bloomberg's proprietary tools.
Conservative investors and consumers in particular are likely to find themselves hard-pressed to decouple from companies that conflict with their deeply held beliefs.
PayPal backtracks on user policy, but its message was clear
In an inadvertently related commentary, I discuss the implications of PayPal’s pulled Wrongthink penalty policy for Straight Arrow News:
