2022: The Year ESG Fell to Earth

The bureaucracy monster has never been more than a “get rich quick” scheme for well-connected consultants and a “kill the smaller competition” scheme for big companies. Only the big players can afford the kind of legal departments that can stay on top of all the new arcane rules invented. It’s a blackmail scheme for me as its only real impact is enabling the “regulatory industrial complex” to siphon more money from corporations and banks away, money that won’t be available for productive work in the markets. We need to slash regulation massively. It’s a good thing in principle but it has gone way overboard. 

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