“If somebody tries to sell you on environmental, social, and governance (ESG) investing, hold on tight to your wallet and to your values – ESG is coming for both,” Senior Fellow at the School of Public Policy Pepperdine University Andy Puzder warns in a PragerU video.
Puzder details how, due to the ESG investment strategy, “companies, and even whole economies, go from woke to broke – including your 401(k).”
ESG is an anti-capitalism investment strategy that assumes that “If you’re a company just trying to make a profit, you’re the problem” – even though the profit motive has brought about some of mankind’s greatest inventions – including electric cars, solar panels and wind turbines, Puzder notes. …