Leftists love their acronyms. And the more insane the Leftist pursuit, the more chance it will get an acronym.
DEI and CRT are good examples.
Critical Race Theory (CRT). CRT is a doctrine started by communist academics who created grievances for groups who have all benefitted greatly from America. As I noted in my very funny book Race Pimping, trillions of dollars have been spent on Leftist nonsense like CRT, and that’s sole purpose of this poison.
CRT fathered Diversity, Equity, and Inclusion (DEI)? In a country that offers and delivers all three to anybody willing to work for them, we constantly discuss DEI like America has none of it.
Finally, DEI has led to Environmental Social and Governance. ESG is how academics pushed CRT out of colleges and universities and into corporate America. Then they planted their social justice warriors throughout corporations around the world, spreading little cancers. And like almost all things Leftist try, ESG backfired.
As End Wokeness tweeted, Blackrock is laying off.
BREAKING: Blackrock will be laying off 600 employees, mostly from the ESG division.
ESG global investments collapsed by $5 trillion in just 2 years.
ESG is the system used by Blackrock and Vanguard to blackmail companies into adopting woke practices.
Here is BlackRock CEO… pic.twitter.com/SHLOVQhvTs
— End Wokeness (@EndWokeness) January 8, 2024
Leftism has generated trillions of non-productive dollars. Like its predecessors, ESG adds nothing to the economy.
ESG is corporate blackmail established by Leftists to justify their idiotic ideas. When I wrote Race Pimping, I calculated the cost of Leftism to be around $17 trillion at the time. In the few years since my book was published, I calculate that the money spent on DEI, CRT, and ESG is now closer to 30 trillion.
Like all markets, the market in victimhood is self-correcting. And one of its profiteers just took a big hit.
600 non-productive employees mostly from the ESG division of Blackrock have lost their jobs. To put the cost of bad corporate policy in perspective, ESG global investments have collapsed by $5 trillion in just 2 years. So many companies feel the pain of this nonsense.
For decades, Blackrock and Vanguard used ESG to blackmail companies into adopting woke practices. In the video above, BlackRock CEO Larry Fink (next to the CEO of AmEx) explains how ESG is used to “force behaviors”
Many on social media responded to the Blackrock layoffs. Most commenters offered no sympathy to Blackrock. But my favorite post mocked Blackrock and ESG with a reference to the film, Tommy Boy.
I’m proud to announce that Callahan Auto has the lowest DEI and ESG scores among all major brake pad manufacturers! pic.twitter.com/BTJkm92Ie1
— Big Tom Callahan???????? (@CallahanAutoCo) January 3, 2024
DEI, CRT, and ESG all deserve to die. And thankfully the market is obliging.
ABC News reported,
DEI positions have been disproportionately hit by layoffs across industries, but particularly at tech companies, which have faced financial challenges as sales slowed from the blistering pace attained during the pandemic.
NPR reported the same thing, but went further.
Economic pressures have led companies to pull back, cutting DEI jobs including Colman’s alongside other human resources roles. Since last July, Indeed has seen DEI job postings drop by 38%.
And then in June, in another blow to diversity advocates, the Supreme Court rejected the use of race-conscious admissions in higher education, setting off predictions that corporate policies around diversity will soon meet the same fate.
These acronyms must be stomped to death. For now, we have them retreating. But don’t think for a second that Leftists will allow this cash cow to just go away.
It is incumbent on all sane Americans to openly discuss the racism and other blatant hypocrisies in these ideas. CRT, DEI, and ESG are pushed by people who hate meritocracy. They are paid to do jobs that offer nothing productive to society. This doesn’t keep the Left from attempting to sell what they perceive as good about these ideas. But whatever good that could come from these policies would have been gained organically and with little to no additional costs.
