Elon Musk calls ESG a “scam”
It’s a sign of an unhealthy economy when financial markets grow out of hand. We tend to forget that financial wizardry provides us with nothing tangible. It’s a casino but one where one can lose badly and still run to it for his next brush with annihilation. Our financial markets are vastly out of any sense of proportion and I am not even talking about 2 or 3 times. It’s multiple orders of magnitude. That cannot be fixed. We have to let it crash and burn. Yes, that will be disastrous for many but more of the same it’s going to be far worse. Once its crashes, ESG will be an afterthought.