Great points, and thanks for the link to Gapper's FT article - which made some excellent points but I think missed a larger point we have already seen in action around here - empty shelves for staples and sales on overstock of high-priced niche goods.
(I think you mean "recipe" for failure rather than remedy in the first graf.)
Very well said, Jeffrey, thanks. I am still appalled that BlackRock, Vanguard, Church of England, etc. have been anointed with the de facto regulatory duties of ensuring that publicly-listed companies become woke (diversity, carbon neutral, etc.) rather than the more usual mandate of “create shareholder value”. I also note that these same mega institutional investors have assets under management that seem to have grown in lock step with government (at least the US) monetary supply expansions. I guess it pays to be an unaccountable arm of the government.
Great points, and thanks for the link to Gapper's FT article - which made some excellent points but I think missed a larger point we have already seen in action around here - empty shelves for staples and sales on overstock of high-priced niche goods.
(I think you mean "recipe" for failure rather than remedy in the first graf.)
Very well said, Jeffrey, thanks. I am still appalled that BlackRock, Vanguard, Church of England, etc. have been anointed with the de facto regulatory duties of ensuring that publicly-listed companies become woke (diversity, carbon neutral, etc.) rather than the more usual mandate of “create shareholder value”. I also note that these same mega institutional investors have assets under management that seem to have grown in lock step with government (at least the US) monetary supply expansions. I guess it pays to be an unaccountable arm of the government.