The Great Fiduciary Breach Machines Get Their Comeuppance

The ESG (standing for “environmental, social and governance” – no noun included to maximize the duplicity!) movement is both appalling and appallingly powerful. Consider: it could, for a while, force anti-white race and anti-man sex discrimination on Harley-Davidson and Jack Daniels, of all companies. This insanity was powered by the Great Fiduciary Breach Machines of BlackRock, State Street and (perhaps to a smaller extent) Vanguard (“the Big 3”), which pretended that unconstitutional bigotry was a winning business move, not only for companies generally, but for those companies specifically, and then forced the companies to pretend along too.

All using other people’s money.

 

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