Posts

Showing posts with the label Woke Investment

BIOLOGICAL LENINISM

This is a three part article from 2017 that I came across today.  A few may object to some of his views, but he has an interesting analysis of how and why the old left, with it's emphasis on class, labor rights and economic fairness, was usurped by a new left based on identity politics and the cult of victimhood.  He also provides a decent explanation of what is meant by "Cultural Marxism", or what he calls "Biological Leninism". BIOLOGICAL LENINISM Part 1 It's 100 years now since the Russian Revolution. The Soviet Union. Lenin and the Bolsheviks. Leninism. It's been 100 years already, but you realize how present the whole thing remains when you look at the press these days. People are still praising or damning the revolution. As if it mattered anymore. As if it were something more than history. As if the left and right of today had remotely anything in common with the left and right of Lenin's day. I won't praise Lenin, an evil man. But great me

Vanguard Quits Climate Alliance In Major Blow To Woke Investing

Image
In a mighty blow to Environmental, Social and Governance (ESG) investing,  Vanguard, the world's second-largest asset manager, announced it's withdrawing from a major financial alliance against climate change:  the  Net Zero Asset Managers  (NZAM) initiative. NZAM, which Vanguard joined in 2021, bills itself as  "an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050  or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius; and to supporting investing aligned with net zero emissions by 2050 or sooner." Last month,  Consumers' Research  joined 13 state attorneys general in filing a  complaint  against Vanguard with the Federal Energy Regulatory Commission  ( FERC ), charging that the firm was violating its agreement to control utility company shares passively.   "Committing to net zero isn’t an abstract goal," wrote Will Hild, executive director of Consumers' Resear