[bwi4]

Technically, Blackrock and Vanguard own the means of production. We gave them the capital to do so through our pensions and 401(k)s. My 401(k) menu doesn't include ESG funds, but those that exist have higher expenses and lower performance than an indiscriminate index fund. If the regulators have been captured by lobbying and revolving doors to industry, the only option left is to vote with your wallet, but that's easier said than done.

[triceratops]

Divestment without regulations doesn't work. You dumping your polluting investments is just someone else's opportunity to pick them up for cheap and make a profit.

Voting with your wallet is noble, but pointless. Vote with your actual vote.

[eyelidlessness]

> the only option left is to vote with your wallet

I know it’s not popular here but I’ll say it: class analysis. You can vote with your fingers and bones. You can vote with your personal dignity. Your investment portfolios are just part of capitalism and it isn’t predestined.

[maeln]

And voting with your wallet means that if you are poor, you have no voice.