My interview in today's @FT on how ESG is becoming a smokescreen to justify maintaining the status quo, thus slowing our response to climate change and inequality.
The first paragraph summarizes my fears: ESG is becoming a deadly distraction.
And no offense @GoldmanSachs, but cut the crap - you know this is true. To fix the system, we have to be realistic and honest about how it operates. It's totally ok to accept that you're in it for profit and not some vague form of "social purpose"...
And make no mistake, neither @BernieSanders nor @SenWarren are threats to capitalism. The biggest threat to capitalism today is from the so-called capitalists, the almost always boomer CEOs who are using marketing spin and PR to maintain the rigged status quo.
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