What was intended to be a kinder, gentler form of capitalism has morphed into a kind of economic fascism that places the arbitrary interests of a small cabal of people — asset managers, bureaucrats, global financiers — ahead of consumers.
Who is really looking out for shareholders ? The executives probably went to Harvard Business School where they learned ESG. The board is made up of similar people. Fund managers are on the same wavelength. It's not like pension funds are smart money, and they are the biggest funds around.
💯 Thank you, Jon.
This summary is excellent, especially this:
What was intended to be a kinder, gentler form of capitalism has morphed into a kind of economic fascism that places the arbitrary interests of a small cabal of people — asset managers, bureaucrats, global financiers — ahead of consumers.
Who is really looking out for shareholders ? The executives probably went to Harvard Business School where they learned ESG. The board is made up of similar people. Fund managers are on the same wavelength. It's not like pension funds are smart money, and they are the biggest funds around.