(C) Daily Kos This story was originally published by Daily Kos and is unaltered. . . . . . . . . . . Truth Sandwiches: ESG is the New Wrong-Wing Villain [1] ['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.', 'Backgroundurl Avatar_Large', 'Nickname', 'Joined', 'Created_At', 'Story Count', 'N_Stories', 'Comment Count', 'N_Comments', 'Popular Tags'] Date: 2023-03-13 Facts From the Wikipedia article linked above. I count 30 topics there that the Wrong Wing hates, without trying hard. CPAC Panel The New Axis of Evil: Soros, Schwab, and Fink -- Sean Spicer, Andy Puzder, Charles McCaul McCaul notes that the Heritage Foundation and ALEC are offering model anti-ESG legislation to states. OK, FL, KY, WV, are taking it up. One of the panelists quoted the Fool’s Gold Rule approvingly. He who has the gold makes the rules. I won’t give their disinformation more oxygen by listing the lies and countering them. That isn’t what we do. We start with common ground, and invite examination of hypocrisy. x Investors need full & accurate information to invest wisely. Deliberate disinfo distorts financial markets & harms the economy. Check who is telling you supposed facts, & ask if they have hidden agendas. The Wrong Wing will say that it's "Democrat" Socialists. Don't buy it. https://t.co/ixhmHxC8Pl pic.twitter.com/juoJkBDMqP — Mokurai Delusion Fighter 🇺🇦 🇺🇦 (@Mokurai) March 13, 2023 Other views: x The @GOP war against ESG is based 1 year of better returns for big oil vs historical out performance by ESG companies. Mike biggest donor is petroleum company How Europe is Ditching Fossil Fuelshttps://t.co/tF6nVWViH1 — Bruce Cox (@bruce__cox) March 3, 2023 IOW, cherry-picked data intended to say that ESG investing loses money. For example, denying that renewable energy is cheaper than Fossil Foolishness. In addition to saving Real MoneyTM, it saves real lives and health, and the only Real Planet available. But what is that to them, compared with money and power? Precio-o-o-o-ous!! Back in the real world, A study published by the European Securities and Markets Authority has also found that "ESG generally improves returns and cuts client costs over time".[105] Analysis over a five-year period showed stock funds weighted towards ESG scores generally performed higher: an increase in annual average return of 1.59% in European markets, 1.02% in Asia-Pacific markets, and 0.13-0.17% in North American and global markets.[106] Wikipedia article on ESG again Background I have been putting off writing about most of economics for years now. It’s a big, thorny subject, and I am no expert. I do have the advantages of training in math, logic, and Buddhism/Wokeism. This Axis of Evil guff has settled the matter for me. I will have to go through the topics listed above and below, in coming weeks and months. We begin in medias res, like Achilles sulking in his tent at the beginning of the Iliad. Sing, O Muse, of the wrath of Achilles… Then, as Homer did, we can go into those previous episodes to see how they brought us here, and what we can do about it. ESG in the News DeSantis and GOP are waging war against 'woke' ESG. Now business groups are fighting back x If socialism means state control of production, distribution and exchange of goods and services, then FL is achieving it, as the FL House moves forward with a 'cut off your nose to spite your face' move by preventing investments in ESG.https://t.co/Y8b9HznL7Z — Never Trump - Never Again! (@NeverTrumpNeve1) March 10, 2023 Business backlash pushing GOP to weaken anti-ESG proposals Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals after backlash from powerful business groups and fears that state pension systems could see huge losses. ESG stands for environmental, social and governance and those factors’ increased use in investing in recent years inspired GOP attempts to thwart it. Now, those efforts are riling groups long allied with Republicans. A lobbyist for the Kansas Bankers Association worried about a political “pendulum.” “You swing too far to the right, you swing back and it hits you right in the face.” Biden plans to veto Senate's ESG measure: What's behind the GOP backlash against ESG? Senate Republicans, with an assist from two Democrats, voted Wednesday to block a Labor Department rule allowing retirement plans to weigh environmental, social and corporate governance factors when making investments. A similar vote by House Republicans took place Tuesday. President Biden says he will veto the Senate resolution. Conservative advocacy groups backed by right-wing donors have mounted a campaign in statehouses across the country. They say that ESG is just another example of “woke” influence on big business. Guess Who Loses After Florida and Texas Bar ESG Banks? Analysis by Matthew A. Winkler |Bloomberg What happens when Florida and Texas blacklist Wall Street’s largest municipal bond underwriters because of their support for environmental, social and governance practices? The answer is a hidden tax foisted on their residents amounting to hundreds of millions of additional dollars. The Axis of Fiscal Sanity George Soros Soros, they complain, is funding election integrity programs in US states. They have hated him personally, and his Open Society Foundations, since he started. The Open Society Foundations work to build vibrant and inclusive democracies whose governments are accountable to their people. Klaus Schwab The Liberty Beacon: Staring evil in the face – a closer look at the WEF and Klaus Schwab The World Economic Forum Tells Us Why it is Evil to Its Core. The stated mission of the WEF sounds harmless enough, but the long endgame is horrifying if we take them at their word. Yadda, yadda, yadda. Larry Fink Fink is the apostle of the Antichrist, in effect, for promoting ESG in Blackrock’s investments. Larry Fink, the face of ESG, says ‘the attacks are now personal’ for the first time in his career. ‘They are trying to demonize issues.’ ARC WEF alternative ‘ARC’ announced (paywalled) That’s supposed to be the Alliance for Responsible Citizenship. ARC's Organising Committee They are at great pains in their text materials to appear to be non-partisan, and to be concerned about human rights and the environment, but they have Mike Lee and Niall Ferguson on that committee, among other Wrong-Wingers. They are just asking questions, right? Like Can we find a unifying story that will guide us as we make our way forward? That’s a well-known Dog Whistle to authoritarians. Progressives want the free marketplace of ideas, not uniformity of opinion. Economics This Axis of Evil guff has convinced my that I have to write extensively in this group and reblog to others on economics, real and bogus. Mercantilism Adam Smith Market efficiency Karl Marx's contributions and delusions Milton Friedman's Market Fundamentalism Laffer/Reagan Voodoo Economics Starve the Beast Behavioral Economics The Evolution of Cooperation Competition Market failures Proposed Unbalanced Budget Amendments The Economics of Hate The Economics of being More Equal [END] --- [1] Url: https://www.dailykos.com/stories/2023/3/13/2155931/-Truth-Sandwiches-ESG-is-the-New-Wrong-Wing-Villain Published and (C) by Daily Kos Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified. via Magical.Fish Gopher News Feeds: gopher://magical.fish/1/feeds/news/dailykos/