How capitalism went woke

February 9, 2022 By Brian Parsons

“Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender, and ethnicity cannot be considered within it.” – Thomas Sowell

Over the past few years, I have often wondered how corporations have spurned their customer base in the pursuit of activism and how they have remained in business?  How did corporations get so detached from profits that they can shun a good percentage of their consumer base and still keep their share prices stable or growing?  I found the answer in Conscious Capitalism and ESG investing...........In 2015, ESG assets stood at $2.8 billion.  By 2020 those assets had hit $40 trillion and are estimated to hit $53 trillion by 2025. The onslaught of leftist activism over the past few years has coincided with exorbitant growth in these ESG funds. As leftist businesses, municipalities, and investors look to virtue signal their ESG bonafides, they have diversified their holdings like pensions into these ESG funds, which explains the exorbitant fund growth..............To Read More....