overnment bailouts are a bad idea — rewarding poor decisions nearly always encourages irresponsible acts to continue. At the same time, we are hoping that the bank hemorrhaging stopped.
Second, an “environmental, social, and business governance” (ESG) agenda is sweeping across America and around the world, spearheaded by globalists like BlackRock and others who attended the World Economic Forum (WEF) in Davos, Switzerland last year. The ESG tool is designed to make financial decisions based on companies’ compliance with woke policies that advance progressive ideology rather than profit and efficiency. As a result, our investment dollars and retirement savings decrease.
Democrat Sen. Joe Manchin of West Virginia said this month that ESG investing and climate regulations from the Biden administration pose a major threat, concluding “ESGs by itself just could kill our whole economy.” Presidential candidate Vivek Ramaswamy remarked, “American capitalism brings people together…But once capitalism itself becomes politicized, that’s the beginning of the end of the American experiment: we lose the prospect of solidarity itself.”
