Elon Musk Describes ESG as ‘Communism Rebranded’
In an interview, Elon Musk shared sharp criticism of environmental, social, and corporate governance (ESG) principles, characterizing them as a reframe of on old communist ideas.
Elon Musk Slams Woke ESG Initiatives: It’s ‘Communism Rebranded’
By Daily Wire News • Jul 31, 2023
Elon Musk slammed environmental, social, and corporate governance (ESG) during an interview late last week, saying it was effectively a “rebranded” form of communism.
Musk made the remarks during a Friday discussion on an X Space while discussing corporations investing in implementing the woke agenda into their firms.
“We don’t basically do some sort of like bizarre, like communism rebranded thing, which is like a lot of what ESG is and to be inflicted upon corporate America without the knowledge of the actual shareholders, which is what’s going on!” Musk said.
“The big firms that you hear are BlackRock, you know, Vanguard, all them, they’re like, they’re setting themselves up for the biggest class action lawsuit in the history of class action lawsuits by an order of magnitude!” he added.
WATCH:
🚨 @ElonMusk calls the ESG scam "communism rebranded," predicting rogue asset managers (like @BlackRock) will face the largest class action lawsuits in history over their political activism: pic.twitter.com/HITs0mZfQl
— Will Hild (@WillHild) July 31, 2023
Musk has repeatedly slammed ESG over the last few years, going as far as to call it the “devil.”
AUTHOR
Pamela Geller
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Musk is 100% spot on! Corporations who invest/operate by ESG standards have drunk the Great Reset poison; and are ignoring the profit margin incentive which benefits their stockholders in order to placate what they call “stakeholders” e.g. those who favor the whole new Green Deal/Climate Change pile of crap.
Investors no matter how small should beware – don’t invest anything managed by Black Rock, State Street, Vanguard and big banks like Wells Fargo, Bank of America, Chase, Capitol One, etc. If you do, you will not receive the Return on Investment you should get.
Look at your retirement plans like 401Ks and State Retirements to see who is managing your funds and make changes as needed to prevent the Great Reset and ESG which is clearly a Marxist plan for Climate Change and not your savings/investments.
Just published today. Coincidental timing.
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ESG is designed to impoverish the masses while enriching the few and the implementation in agriculture is genocidal. I don’t think genocide is too strong a term for agricultural policies that will reduce the food supply to support roughly half the population that exists today. Musk is right. Both impoverishment and starvation have been key tools of communists.