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Elon Musk blasts ESG: ‘communism rebranded,’ ‘weaponized by phony social justice warriors’

Published in Blog on August 01, 2023 by Jakob Fay

“X” (Twitter) CEO Elon Musk has made it clear he’s no fan of environmental, social, and corporate governance (ESG), a woke system whereby companies are rewarded for participating in left-wing social causes. ESG investing encourages businesses to support “everything from LGBTQ+ equality, racial diversity… and inclusion programs,” a practice that Musk, a rare anti-woke pariah in corporate America, compared to communism.

“We don’t basically do some sort of… bizarre… communism rebranded thing, which is… a lot of what ESG is and to be inflicted upon corporate America without the knowledge of the actual shareholders, said Musk in a recent interview with Convention of States endorser and presidential candidate Vivek Ramaswamy. Ramaswamy, author of “Woke Inc.,” has also been an open critic of forcing left-wing politics into businesses.

“The public is being lied to,” the Tesla founder continued, calling out companies such as BlackRock, which recently came under heavy fire for admitting to “controlling the wallet of the president” in a shocking undercover video.

SEE ALSO: BlackRock employee admits 'it doesn't matter who wins, they're in my pocket'

“ESG is a scam,” Musk tweeted on another occasion. “It has been weaponized by phony social justice warriors.” He also joked that the “S in ESG stands for Satanic.”

Musk and Ramaswamy are not the only ones who have denounced ESG. Both join a growing chorus of opposition against the woke system. For example, in Governor Ron DeSantis’s recently announced “Declaration of Economic Independence,” his 10-step economic policy platform, the presidential candidate vowed to end ESG. In his own state, currently ranked the best state economy in the nation, DeSantis signed legislation prohibiting public money from going to ESG and blocking ESG bond sales.

“In Florida and across the nation,” DeSantis explained in a press release, “we’ve heard from law-abiding small business owners and consumers who’ve been denied access to financial services because of where they work or what they believe in. Florida will continue to lead the nation against big banks and corporate activists who’ve colluded to inject woke ideology into the global marketplace, regardless of the financial interests of beneficiaries.”

SEE ALSO: Elon Musk warns against one-world government at world government summit

The Governor’s Chief Financial Officer, Jimmy Patronis, declared that “[j]ust as the Governor fought Fauci — and won — he’s fighting a WOKE-Wall Street that looks down upon every-day Americans.”

“WOKE-Wall Street wants to cozy up to the CCP and Dylan Mulvaney,” he added. “Left wing media can hate Florida all they want, but under Governor DeSantis’ leadership, people are leaving Blue States in droves! Our stance against ESG is another signal to the rest of the world that Florida believes in prosperity, we believe in freedom, and we’re a place where WOKE GOES TO DIE!”

Ultimately, ESG is pitting corporate America against the American people. While the disapproval of public figures such as Musk and DeSantis is helpful, the most meaningful difference is made when consumers stand up and push back. In a battle between woke, ESG overlords and disgruntled customers, companies will finally have to choose between embracing radical, left-wing social causes and keeping politics out of business.

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