Paradigms and Demographics: P&D Today

Tuesday, August 30, 2022

P&D Today

De Omnibus Dubitandum: Everything is to be Questioned!

By Rich Kozlovich

Cui Bono is Latin for "who stands, or stood, to gain (from a crime, and so might have been responsible for it)?" Well, what we see going on demands an answer to that question. Recently a friend sent me material on how corporations and investment firms are dedicating themselves to the insanity of ESG investing, which stands for Environmental, Social, and Governance. It appears "Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities." Is that any different than the old CSR clabber, (Corporate Social Responsibility) No, that was the beginning to this end, and in point of fact, all this Woke Capitalism’ is destroying America from within.

The money these investment companies are playing around with isn't their money. It's the investor's money, and their fiduciary responsibility is to their investors, not these leftist misfits and their demands, all of which are antithetical to good investments and good economics. At some point someone is going to sue, and hopefully, someone will go to jail.

There's a difference between doing good, and doing good business. If people want to support some cause or other with their own money, that's their business. But when they do it with my money, then it's my business, and I don't like it, even if they're doing it for something I approve of. Social engineering isn't their responsibility, and that leaves the question: Cui Bono is Latin for "who stands, or stood, to gain (from a crime, and so might have been responsible for it)?"

Some of that's answered in today's edition of P&D.

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