September 5, 2022
'Socialism in sheep's clothing': Pro-market leaders combat ESG, liberal capture of corporate America
State elected leaders describe growing pushback against left's drive to leverage asset management to engineer social change via private sector.
Pro-market elected officials and thought leaders are fighting back against progressive activists' creeping capture of corporate America through the Environmental Social and Governance movement..
ESG investment strategies, increasingly prevalent among large asset management firms, seek to leverage passive investors' assets to steer corporate decision-making to promote progressive social and environmental priorities. ESG has often been compared to the "social credit" system used by China's ruling communist elite to enforce political conformity on its population.
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