Chuck Schumer’s editorial in the WSJ recently attests to how the left is trying to spin the Republican's criticism of investment managers' ability to use ESG (environmental, social, and governance standards) as somehow “tying investors' hands.” Seriously, when did implementing more regulations ever result in more investment options? “Let the market work,” says Schumer suggesting that a hands-off policy will lead “naturally” to the “consideration of ESG factors.” Rubbish. Infecting markets with woke ideology will not pave the way to more investor options. “Eliminating ESG would do the opposite,” he says, “forcing their views down the throats of every company and investor.” By their, he means Republicans. But isn’t the imposition of ESG standards forcing woke ideology down those same throats? Of course not, because it’s the left’s ideology. The point that everyone is missing is that the Republican proposal is essentially a regulation to prevent more regulation.
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