On 'Capitalism, Socialism and ESG'

For the better part of a quarter-century, Wall Street offered investors an opportunity to think — and invest — differently. By dint of what was called “socially responsible investing” (SRI), individuals and institutions were allowed to choose to align their investments with their values. They could sleep at night knowing that their capital was not supporting causes with which they disagreed, morally or politically. The only cost associated with this socially conscious undertaking was a hit to investment returns, which was inevitable but was accepted voluntarily as the price of peace of mind. Read Full Article »