ESG funds are no doubt being closed because their returns, or very possibly losses are in Bidenomics too expensive for enough people’s tastes. Compare to interest rates you can get elsewhere, including in “super safe” Treasuries.
But DEI inside a company is much less overt, in most cases it’s harder to point to cause and effect. You’ll seldom get something so clear as the Bud Light advertising debacle; I can see it bears at minimum a fair amount of responsibility for Intel’s current plight, but that took reading a lot of materials and verboten noticing of an incompetent pajeet. (More was probably due to a while SJW CEO doing other very stupid and likely anti-white layoffs and the like.)
And note Anheuser-Busch protected the responsible people, last time I checked we’re not even sure if they’ve been fired, and continued to wave their gay flag here and there while at the same time making “we’re patriotic Americans!” adverts. “SJWs always double down….”
@Moon@ooignignoktoo@pcachu@sim My model of all this includes the Rufo ideology and Hanania “it’s the law” aspects, but on top of that I layer Jim’s holiness spiral thesis, something we know about from way earlier than the start of the modern Left in the French Revolution when it went nominally atheist.
These people must continue and expand these actions destructive to their own companies and perhaps careers if they want to keep their jobs, careers, social circles, and in more than a few places freedom.
So history tells us unless what’s evolved into “wokeness” is stopped by main force like the Thermidorian Reaction and then Napoleon, or too many people dying it’ll continue as you and the others believe.
More recent history I assume based on better communications holds out the hope for a preference cascade, but by definition they can’t be predicted, if let alone when.
@Moon@ThatWouldBeTelling@ooignignoktoo countdown until the terms "DEI" and "ESG" are labeled Hate Speech and Crazy Reich-Wing Conspiracies That Were Never Real Lol U So Dum