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by pavlov 1385 days ago
> "wait til you have an ESG score for your personal life"

How exactly do you suggest the 'G' part would work? It's short for "corporate governance" you know.

I get the feeling you're getting these bizarre talking points from some right-wing echo chamber where they're coming up with a new scary acronym panic on a regular basis. "Watch out, the ESG will CRT you into the NWO!"
1 comments
yonaguska 1385 days ago
Did I need to spell out more explicitly the connection between social credit scores and China implements them and ESG scores that have been brought to the rest of the world, and that maybe having digital, government managed currencies will allow our own western governments to follow the China experiment?

Thanks for nitpicking a loose use of the term ESG, and then dismissing everything else with the categorical label of right wing echo chamber nonsense.

I didn't get these ideas from a far right echo chamber either. The following paper comes from an advocate of banning cryptocurrency, and replacing it with federal coins, that can then manage monetary policy way more precisely than the current system we have. Part of that policy would be the ability to literally reduce people's ledgers as a form of inflation control. Oh, and the author was going to be tapped as a wall street regulator, but barely missed confirmation. While she didn't make the cut, seems like her ideas did.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715735

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pavlov 1385 days ago
It's not nitpicking when you're using the term in a completely inapplicable, absurd sense.

A framework used to evaluate corporate investment candidates has nothing to do with social credit score boogaboos. It makes as much sense as saying: "Soon Big Government will be assigning buy/hold/sell ratings to you!"

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mizzack 1385 days ago
It's absolutely nitpicking. The "G" just stands for governance, otherwise it'd be a "C". On an individual level that could mean paying taxes on time, maintaining employment, etc.

> A framework used to evaluate corporate investment candidates has nothing to do with social credit score boogaboos.

Functionally, ESG _already is_ a social credit score for companies and a tool for compliance. Do you think companies are taking ESG measures because they want to?

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pavlov 1385 days ago
> ”The "G" just stands for governance, otherwise it'd be a "C". On an individual level that could mean paying taxes on time, maintaining employment, etc.”

That’s not at all what governance means in the corporate context.

So you’re basically saying that ESG can be applied to individuals as long as you redefine it to something completely else.

As far as companies getting rated, well duh, there’s a giant industry around that. Companies don’t have civil liberties and they don’t have the right to receive investments from anyone who doesn’t choose to invest.

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mizzack 1384 days ago
> So you’re basically saying that ESG can be applied to individuals as long as you redefine it to something completely else.

There are 802 million Google results for "personal governance". I'm not redefining anything.

> Companies don’t have civil liberties and they don’t have the right to receive investments from anyone who doesn’t choose to invest.

When the investment (or not) comes through trillion dollar asset managers by way of the Fed, it looks a lot more coercive.

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