Libhater
Verified User
DeSantis signed a landmark bill designed to protect Floridians from the corporatist environmental, social, and corporate governance (ESG) movement.
Specifically, the new law,
stops financial institutions from discriminating against customers for their religious, political, or social beliefs--like owning a firearm, securing the border, our increasing our energy independence.
bans the financial sector from considering so called 'Social Credit Scores' in banking and lending practices aimed to prevent Floridians from obtaining financial services like loans, lines of credit, and bank accounts.
blocks the use of ESG in all investment decisions at the state and local level, ensuring that only financial factors are considered to maximize the return on investment, protecting retirees and taxpayers alike.
prohibits state and local governments, from using ESG as part of the procurement and contracting process.
eliminates consideration of ESG factors by state and local governments when issuing bonds.
In general, ESG seeks to replace shareholder capitalism with what is known as "stakeholder" capitalism.
Under "shareholder" capitalism, a company's #1 priority is to produce high-quality goods and services that customers want at the most affordable price. This is called profit motive, and its the essence of capitalism.
Under "stakeholder" capitalism, companies oblige the interests of all "stakeholders," such as investors, owners, employees, vendors, customers, and the general public at large. According to the tenets of stakeholder capitalism, profit is not a company's primary concern, social justice advocacy is paramount.
by Chris Talgo
ps: The reason why thousands of people are fleeing crime ridden liberal hellspots like N.Y.C. et al to move to Florida isn't just because of the crime per say, but because many businesses have been forced to close because of the crime and the looting that has devastated their business and their livelihoods, but also because they find that their capitalist endeavors are being snuffed out by this ESG stakeholder capitalism.
A great book explaining the devastating affect of stakeholder capitalism verse the profit making shareholder capitalism can be seen by reading the highly intelligent book by Vivek Ramaswamy called "Woke INC."
Specifically, the new law,
stops financial institutions from discriminating against customers for their religious, political, or social beliefs--like owning a firearm, securing the border, our increasing our energy independence.
bans the financial sector from considering so called 'Social Credit Scores' in banking and lending practices aimed to prevent Floridians from obtaining financial services like loans, lines of credit, and bank accounts.
blocks the use of ESG in all investment decisions at the state and local level, ensuring that only financial factors are considered to maximize the return on investment, protecting retirees and taxpayers alike.
prohibits state and local governments, from using ESG as part of the procurement and contracting process.
eliminates consideration of ESG factors by state and local governments when issuing bonds.
In general, ESG seeks to replace shareholder capitalism with what is known as "stakeholder" capitalism.
Under "shareholder" capitalism, a company's #1 priority is to produce high-quality goods and services that customers want at the most affordable price. This is called profit motive, and its the essence of capitalism.
Under "stakeholder" capitalism, companies oblige the interests of all "stakeholders," such as investors, owners, employees, vendors, customers, and the general public at large. According to the tenets of stakeholder capitalism, profit is not a company's primary concern, social justice advocacy is paramount.
by Chris Talgo
ps: The reason why thousands of people are fleeing crime ridden liberal hellspots like N.Y.C. et al to move to Florida isn't just because of the crime per say, but because many businesses have been forced to close because of the crime and the looting that has devastated their business and their livelihoods, but also because they find that their capitalist endeavors are being snuffed out by this ESG stakeholder capitalism.
A great book explaining the devastating affect of stakeholder capitalism verse the profit making shareholder capitalism can be seen by reading the highly intelligent book by Vivek Ramaswamy called "Woke INC."
