ESG: Conflict of Interests, Shared Control, and Antitrust Issues Threaten Economy and Investors.
Where have the activist regulators been?
“No substantive competition exists within the ESG paradigm because under the noses of our antitrust regulators the Big Three have acquired shared control over one another and almost every potential competitor. That’s not a situation that can be fixed with probing letters or industry-specific litigation alone. We’re now facing the original problem that Congress wrote American antitrust laws to address—coordinated owner-ship of everything by concentrated cliques pursuing their own priorities at the expense of the common good.”
Break Up the ESG Investing Giants by @MorenoffDan https://www.wsj.com/articles/break-up-the-esg-investing-giants-state-street-blackrock-vanguard-voting-ownership-big-three-competitor-antitrust-11661961693?st=xzr3bvv27nn948f&reflink=article_imessage_share