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The ESG narrative is a wolf in sheep’s clothing

Environmental, social and governance is an approach to evaluate companies or countries based on their alignment with these three factors. Growing in popularity in recent years, ESG has become a globally adopted framework and a focal point of capital allocation. The concept sounds harmless on paper since most people are good and want to advance environmental or social issues.

However, introducing a monetary reward for ESG’s disciples introduces a whole new set of incentives that have likely not been thoroughly examined by the investment community. There is more than meets the eye. The ESG evaluation process is arbitrary, opaque and centralised, leaving significant room for corruption.

It is also suspicious that one of the key proponents of ESG is the BlackRock CEO, Larry Fink. BlackRock is the world’s largest asset manager managing more than $10 trillion, and Mr. Fink’s lifestyle reflects that. He enjoys flying private to Davos, relaxing in his Aspen mansion and telling you to reduce your carbon footprint. Digging deeper into ESG reveals a more sinister plan.

While we want to be good stewards of the planet, we quickly learn that the globalists’ proposal for doing so is quite ominous and also illegitimate. ESG is a vital component of the agenda to consolidate capital and centrally plan the allocation of resources, destroying the remains of the free market in the process.

ESG is more than an approach to evaluating investments; it is a social credit system similar to the one that exists under the Chinese Communist Party. Similar to a credit score that determines one’s eligibility for loans based on their past ability to service debts, a social credit system is a more invasive analysis and determines access to not only financial services, but also public services, such as public transportation or grocery stores.

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