ESG scores function as a corporate social credit system -- companies that don't comply get cut off from capital β€” documented evidence
🟑 DISPUTED

Environmental, Social, and Governance (ESG) scores, controlled primarily by BlackRock, Vanguard, and State Street (managing $22+ trillion), determine which companies can access investment capital. Companies with low ESG ratings are 'screened out' of funds, effectively punished financially for not complying with standards set without democratic input. BlackRock CEO Larry Fink's annual 'Letter to CEOs' pressures compliance. Critics compare it to China's social credit system applied to corporations and now expanding to individuals.

ESG scores function as a corporate social credit system -- companies that don't comply get cut off from capital

FINΒ·January 1, 2022Β·By Ron PaulΒ·3.2K upvotesΒ·167 comments
What They Said Was Crazy
β€œESG is not about environmental protection -- it is a financial control mechanism that allows a handful of asset managers to reshape the economy and society through capital allocation without democratic oversight.”
β€” Ron PaulJanuary 1, 2022Source

πŸ“„ The Receipts

What is ESG? (Heritage Foundation)
www.heritage.org/progressivism/heritage-explains/w...
ARTICLEOpen
ESG Social Credit Scores and the Threats They Pose to Freedom (Heartland Institute)
heartland.org/publications/esg-social-credit-score...
ARTICLEOpen

βš–οΈ The Record, Side by Side

What they said vs. what the evidence shows

What They Said

No recorded dismissals for this claim.

What Actually Happened
ARTICLE

What is ESG? (Heritage Foundation)

ARTICLE

ESG Social Credit Scores and the Threats They Pose to Freedom (Heartland Institute)

⏳ The Vindication Timeline

From β€œcrazy” to confirmed

The Claim Is Made

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πŸ“Š How Right We Were

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Community consensus100% agree

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