LGBT
What Is ESG? It’s A Leveraging Tool For The Woke Communist Takeover
The corporate dynamic when it comes to politics has been rather bizarre the past five years.
The general rule for decades in the US was that companies would avoid public sparring over political agendas whenever possible and if they did contribute to election campaigns they would spend money discreetly on candidates in both parties to hedge their bets. Something changed around 2015-2016, however.
Was it the surprise election of Donald Trump? Trump was probably incidental. It was more likely the dramatic shift among conservatives away from the controlled Neo-con paradigm and into a more liberty oriented standing. Ron Paul’s 2008 and 2012 campaigns had a lot to do with this change among Republican voters. Conservatives and liberty minded independents were returning to their foundations of small government, constitutionalism, independent thought, meritocracy and decentralization. This is when the corporate world decided (or was perhaps guided) to go full bore leftist.
That is to say, the leftist cult couldn’t stifle the rise of conservative liberty advocates without consolidating their control in the open, and corporations are a big part of that strategy.
Wall Street, Entertainment Media and Big Tech companies donated FAR more to Democrat candidates in recent years compared to Republican candidates. In the 2020 presidential election, they spent 250% more on Joe Biden’s campaign than Donald Trump’s. But beyond that, many companies have gone aggressively and openly woke. Social Justice narratives of “equity, diversity and inclusion” are dominating corporate culture, and though leftist bias has always been a problem among Hollywood elitists and the entertainment media, things got a lot worse after 2016.
Part of this aggressive leftism could be attributed to the ESG movement (Environmental, Social and Corporate Governance), a clear appendage or tool for globalist foundations like the Ford Foundation, the Rockefeller Foundation and the World Economic Forum. It is also referred to as “stakeholder capitalism” and “mission related investing.” Stakeholder capitalism is just another term for socialism/communism, and ESG is a related control methodology for dictating how businesses behave politically.
The term “ESG” was originally coined by the United Nations Environment Program Initiative in 2005, but the methodology was not fully applied to the corporate world until the past six years when ESG investment skyrocketed.
There are some people that will argue that ESG is not a true “communist” mechanism because communism technically involves the state taking control of the means of production. These people are either ignorant or they are acting deliberately obtuse. Communism is about controlling culture just as much as it is about controlling the economy.
Corporations are at bottom creations of government; they are chartered by governments, receive special legal advantages including corporate personhood, and they often receive special protections from governments including central bank stimulus and a shield from civil litigation. They call it “too big to fail” because the government and the corporate world work hand in hand to keep certain institutions alive.
One could call this an odd mix of communism and fascism; the point is, the lines have blurred beyond all recognition and the ideology of the people in power is specifically leftist/communist/globalist. Corporations already have government incentives to protect the corrupt status quo, but ESG is designed to lure them into supporting vocal political alignment even at the cost of normal profits.
ESG is about money; loans given out by top banks and foundations to companies that meet the guidelines of “stakeholder capitalism.” Companies must show that they are actively pursuing a business environment that prioritizes woke virtues and climate change restrictions. These loans are not an all prevailing income source, but ESG loans are highly targeted, they are growing in size (for now) and they are very easy to get as long as a company is willing to preach the social justice gospel as loudly as possible.
Deloitte’s Insights studies show that ESG assets compounded at 16% p.a. between 2014 and 2018, now account for 25% of total market assets, and they believe that ESG could account for 50% of market share globally by 2024.
These loans become a form of leverage over the business world – Once they get a taste of that easy money they keep coming back. Many of the loan targets attached to ESG are rarely enforced and penalties are few and far between. Primarily, an ESG funded company must propagandize, that is all. They must propagandize their employees and they must propagandize their customers. As long as they do this, that sweet loan capital keeps flowing.
It’s enough to keep corporations addicted, but not enough to keep them satiated. Diversity hiring quotas based on skin color and sexual orientation rather than merit help make the overlords happy. Pushing critical race theory smooths the way for more cash. Carbon controls and climate change narratives really makes them happy. And, promoting trans-trenders and gender fluidity makes them ecstatic. Each participating company gets it’s own ESG rating and the more woke they go, the higher their rating climbs and the more money they can get.
The list of companies heavily involved in ESG includes some of the largest in the world, with influence over thousands of smaller businesses. The ESG rating system is much like the social credit scoring system used in communist China to oppress the citizenry. The tactic is pretty straightforward – Banking elites are centralizing control of social narratives by incentivising businesses to embrace social justice and globalist ideals. They control who gets the money and anyone who doesn’t play ball will be at a distinct disadvantage compared to companies that do.
They figure, if the corporate world can be pushed to go full woke, then this will trickle down to the general public and influence our behaviors and thinking. Except, it hasn’t exactly worked out that way. Resistance to woke propaganda is growing exponentially and many of these companies are losing a huge portion of their customer base. They cannot survive on ESG alone.
The thing is, even ESG money has limits.
With central banks around the world now raising interest rates these kind of loans will become more expensive and will likely start to phase out. This is why the most woke corporations out there are also some of the most desperate for revenues this year, and why many of these companies are edging closer and closer to mass layoffs. The venture capital is gone and the ESG money is going to dry up also unless rates go back to zero and the bailout firehose is turned back on. Getting woke was once a backdoor tactic of gaining easy wealth. Now, getting woke really does mean going broke.
This article was originally published at Zero Hedge
Maybe the rapacious, predatory, transnational corporations were the good guys all along?
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LGBT
AP Called Out For Claim That Target Staff Were Subject To “Violent Confrontations” Over Trans/Pride Products
AP stealth edits article after making claim that conservatives were responsible for violence against store staff
The Associated Press has been forced into quietly editing an article that repeated a statement from Target claiming that the company’s staff have been threatened, with the newswire adding a baseless claim that there have been “violent confrontations” over huge collections of ‘Pride’ and transgender themed apparel in stores, including some with Satanist imagery.
It’s been the story of the week. Here’s the backdrop…
As we highlighted yesterday, Target was clear in pointing out that it isn’t removing the stuff because it’s Satanist and pushing sexualisation and gender ideology on kids, but rather because they have “experienced threats impacting our team members’ sense of safety and well-being.”
The AP took it further, however, claiming that Target has seen “intense backlash from some customers including violent confrontations with its workers.”
The report was altered without notification after it was challenged by Katrina Trinko, the editor-in-chief of the Daily Signal. While the confrontations claim remains, the word “violent” has been removed.
It now reads “Target said that customers knocked down Pride displays at some stores, angrily approached workers and posted threatening videos on social media from inside the stores.”
Pointing out the deception, Trinko writes “Again, what are the specifics? What is a threatening video?” further demanding to know “What constitutes angrily approaching a worker? How many customers at how many stores knocked down Pride displays?”
It appears that one video surfaced of one person taking a part of a pride display and throwing it on the ground, which prompted gay Democratic California State Senator Scott Wiener to label it “terrorism”:
Trinko comments that it is not acceptable “for Target and the media to imply violence if there in fact isn’t violence,” adding “That’s not a light accusation.”
Trinko also notes “Asked about why the word ‘violent’ was removed and no correction or editor’s note appended, and whether The Associated Press still believed the word ‘violent’ was accurate, Lauren Easton, vice president of communications, replied by email: ‘As AP continued to report out the story, we were able to provide more specific examples of the incidents that took place and we updated the story accordingly.'”
In other words, ‘our bullshit was called out and we tried to quietly memory hole it.’
Trinko continues, “insinuating conservatives are dangerous and a genuine threat to the safety of others is merely a new tactic for companies and ideologues impacted by conservative boycotts.”
“This is the Left testing out a new playbook. They’re frightened by what’s happening to Bud Light, which continues to grapple with massive declines in sales. Leftist activists know that having corporations side with them and promote leftist values is crucial to their long-term success,” Trinko further urges.
Meanwhile, a real (non-terroristic) boycott is impacting Target, with the company seeing a $9.3 billion decrease in market capitalization, as the value of its shares fell more than 12.6% in one week.
Conservative commentator Greg Price obtained an internal Target email that indicates the company is now desperately trying to shift away from one woke campaign, instead replacing it with another.
The email states “Yesterday was a very hard day for Target, and as CEO Brian Cornell said, thank you for the care you’ve shown each other, our frontline teams, and the LGBTQIA+ community.”
It goes on to state “Today brings more reflection, pain and the need for continued care as our team, hometown and world remember the murder of George Floyd.”
The rest of the email betrays how infested with woke culture the company has become:
“As you make space to take care of yourself and each other, know that you can always tap into these tools from Team Member LIfe Resources, and as Mental Health Awareness Month continues, turn to Take Five to Take Care hub for more wellbeing support,” it states.
Republican Senator Tom Cotton noted how Target initially doubled down on it’s Pride/trans/satanist merch, then attacked its own customers while quickly back peddling and pulling or scaling back the stuff.
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LGBT
Cycling Governing Body Bans Trans Competitors
UK National governing body will not let biological men compete in women’s races
The national governing body of cycling in the UK has announced a ban on transgender competitors taking part in women’s races in the country.
British Cycling says that the ban will come into effect by the end of the year, with a new separate ‘open category’ being introduced that anyone of any gender can compete in.
Chief Jon Dutton told reporters “We have taken a view that this is absolutely about being inclusive for all,” adding “We’ve created a new open category that anyone has the ability to ride in and also a non-competitive policy that is absolutely inclusive and accessible.”
“We will not tolerate any form of discrimination in moving forward with this policy,” Dutton added, further noting “it’s really important that we support, we empathise, we are compassionate to the riders that are affected by this policy change.”
The move comes following several trans cyclists dominating women’s events in recent months.
After biological male Austin Killips, won the women’s category of the Tour of the Gila bicycle race in New Mexico earlier this month, the world cycling governing body Union Cycliste Internationale defended its transgender policy, stating “The UCI acknowledges that transgender athletes may wish to compete in accordance with their gender identity,” and adding “The UCI rules are based on the latest scientific knowledge and have been applied in a consistent manner.”
Commenting on the move by British Cycling, trans competitor Emily Bridges called it a “violent act” and “furthering a genocide” against trans people:
Bridges has drawn criticism after setting records in men’s cycling before coming out as a transgender woman in October 2020 and beginning to compete in women’s events.
As we have documented (see links below), other sports have placed bans on trans competitors in women’s events, with legendary sportswomen including Martina Navratilova and Sharron Davies speaking out in support.
Navratilova and Davies both responded to today’s news:
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