New Analysis Businesses seeking financing may soon face a flurry of requirements that will, in effect, probe whether they are “woke” enough to be approved by financial institutions for loans or investment. While the requirements are presented as goodwill toward the downtrodden and the environment, they are underpinned by an ideology with totalitarian tendencies, according to several experts on totalitarianism and market economy. The agenda is being pushed by many of the biggest names in finance, including major banks, investment houses, and wealth managers. If successful, the financial institutions’ agenda would create a two-tiered economy, with the “woke” class slated for preferential treatment and the dissenters relegated to picking up the scraps, the experts said. “Woke” in this sense refers to a set of progressive views that have dominated the establishment circles in government, academia, and the corporate world. The companies are promising they will give preferential treatment to clients …
Banks’ Climate Pledges Would Downgrade Non-Woke Businesses to 2nd-Tier Economy
May 19, 2021
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