ESG Investing Is Unsustainable
The latest investment fad is ESG (Environmental, Social, Governance), a type of “socially conscious” investor screen and investment fund category that grew out of SRI (socially responsible investing). Although presumably as novel as the coronavirus that causes COVID-19, long dead people like Armen Alchian, Milton Friedman, Julian Simon, and the Founding Fathers would have seen right through it.
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