Commentary
In America, if environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI) mandates are accepted in their current form, capitalism will most likely be destroyed.
The widespread acceptance of ESG and DEI by American business giants is as concerning as it is eye-rolling. Large corporations routinely play games to attract stock buyers’ interest, but this is different. This is not a game. Many aspects of ESG and DEI eschew business and economic fundamentals, and challenge rational thinking by replacing fundamentals with dogmatic doctrines.
To make matters worse, the cult thinkers who monitor ESG and DEI scores want as much power as the credit-rating agencies, such as Standard & Poor’s and Moody’s….