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ESG, short for Environmental, Social, and Governance, is a left-wing movement to force companies to focus on “net-zero” climate policies, DEI, and woke corporate restructuring instead of maximizing shareholder value—a legal obligation for public corporations. It uses the private sector to push societal change without any consensus from the public. But don’t take my word for it. Here’s a quote from BlackRock CEO and de facto head of the ESG movement, Larry Fink:

"We believe that sustainability should be our new standard for investing. This is how we will drive the kind of change we need in the world."

The term ESG was originally coined in 2004 as a part of a United Nations initiative. Since then, it’s become a massive political-economic movement with support from some of the largest asset managers in the world. Asset managers like BlackRock, Vanguard, and State Street did more than just promote ESG. They acted as a woke cartel, utilizing their voting power to force companies in their portfolio to embrace it and threatening to withhold funding from any who refused to comply.

This strategy worked for years until states started taking notice. Since 2023, 16 states have enacted anti-ESG laws. Most of these laws ban state agencies and local governments from considering ESG criteria when investing. Florida Governor Ron DeSantis had this to say after signing a bill last year:

"ESG is a way for elites to 'exercise power over our society.' They're trying to change society. They're trying to change policy [...] You do not displace [your] fiduciary duty to try to pursue ideology."

More recently, Texas, along with ten other Republican-led states, has filed a lawsuit against BlackRock, State Street, and Vanguard for acting as a woke cartel and conspiring to restrict energy markets. If the lawsuit is successful, it could spell the end of the Environmental, Social, and Governance movement.

With major corporations like Walmart, Ford, John Deere, and Boeing dismantling DEI departments in response to backlash from consumers, the future isn’t looking too bright for woke capitalism. Couple that with President-elect Trump’s recent selection of ESG-opponent Paul Atkins to replace Gary Gensler as head of the Securities and Exchange Commission, and the House of Cards seems poised to fall.