What isn't said is that what supports ESG is a giant firehose of borrowed money flowing from ultra low interest loans and governmental central bank money issuance. This is why highly rated ESG corporations don't have to make a profit from their central business activities, the woke corporations can get money from investors flush with cash that is generated out of thin air.
How do you think Youtube managed to stay afloat all those years before they were bought by Google? They were losing billions every year, but always were cash flow positive from this absolute river of investor money that was sent their way.
What isn't said is that what supports ESG is a giant firehose of borrowed money flowing from ultra low interest loans and governmental central bank money issuance. This is why highly rated ESG corporations don't have to make a profit from their central business activities, the woke corporations can get money from investors flush with cash that is generated out of thin air.
How do you think Youtube managed to stay afloat all those years before they were bought by Google? They were losing billions every year, but always were cash flow positive from this absolute river of investor money that was sent their way.