True, this is actually happening as we speak. There will be a bifurcation, once enough flywheel speed has picked up; ESG funds will see competitor funds that will outperform. No wasting money on greenwashing or other ESG bullshit. Totalitarianism has to fight a war with reality and facts. It is unsustainable (pardon the pun).
> ESG funds will see competitor funds that will outperform. No wasting money on greenwashing or other ESG bullshit.
Would that work? IIRC, stock prices aren't so much about performance, just who wants to buy your stock. Decreased actual performance from "greenwashing or other ESG bullshit" might be overwhelmed by demand by ESG pots of money.
