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Carl Tornell's avatar

No, (i) I don't think so, but what is the option? Consumers are already making the choices and they must learn to become better at it. Producers should produce what they think is good and push it on to consumers. I find it very strange though that investors should follow their own ideals. Capitalism is a success because it allocates resources to where they are most profitable, best used. Nothing else. Shareholder value maximation is, not short-term, but long-term efficient.

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Carl Tornell's avatar

Under perfect working capitalism, consumers decide what should be produced and how. Investors should select the most profitable producers based on this demand from consumers. ESG investing is absurd.

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