cross-posted from: https://exploding-heads.com/post/35174

Much like China’s social credit system which the Communist government wields to reward citizens for approved behaviors and penalize them for non-compliance, the ESG investment scheme similarly seeks to transform American society by assigning companies a score to compel their adherence to a set of subjective goals.

Larry Fink, chairman and CEO of BlackRock Investment Management Company, has been referred to as the “architect of woke capitalism.” Together in coordination with other financiers, Fink has sought to weaponize pension funds through ESG to make radical changes to our economy that would never be approved in a legislature or ballot box. “Society is increasingly looking to companies, both public and private, to address pressing social and economic issues,” he wrote in a 2019 letter to CEOs. “These issues range from protecting the environment to retirement to gender and racial inequality, among others.”

Conspicuously absent from these priorities is maximizing their clients’ financial investments.