The Problem with Conscious Capitalism

ESG, SRI and FMF.

Protest sign that says, “Earth is more valuable than money,” with a drawing of the earth.

Today we examine Conscious Capitalism™ as an organization (the trademarked entity) and Conscious Capitalism the movement characterized by the investment concepts of Environmental, Social and Governance (ESG) and Socially Responsible Investing (SRI). This is the final building block as we continue on our collision course with Milton Friedman and the Chicago School of Economics. The promise of Conscious Capitalism as a concept, ESG and SRI is that capitalism on its own can and will voluntarily cure the societal ills it causes through the auspices of further deregulation and free markets. Spoiler: It’s a load of horseshit. Enjoy!

Read the full essay on substack
Protest sign that says, “Earth is more valuable than money,” with a drawing of the earth.