'Do we govern ourselves through our constitution and through our elections or do we have these masters of the universe occupying these commanding heights of society?' DeSantis asked.
Florida Republican Gov. Ron DeSantis is taking aim at yet another component of left-wing activists' takeover of American culture, announcing new legislation to curtail the influence of environmental, social, & governance (ESG) standards on the business world and calling on other states to do the same. ESG, a scoring system that incentivizes investing in companies not on the basis of their performance for customers and shareholders but rather on their fealty to so-called "social justice" principles such as diversity and environmentalism, is one of the reasons why so many once-apolitical businesses have in recent years taken stances on issues ranging from homosexuality and transgenderism to race relations to even abortion.
During a Wednesday press briefing, DeSantis announced he would be working with the Florida Legislature to enact new legislation curbing ESG, starting with prohibiting large banks credit card companies, and other payment processors from discriminating against customers on the basis of political, religious, or social views; prohibiting Florida's State Board of Administration (SBA) from considering ESG factors in decisions on investing taxpayer dollars, and requiring SBA fund managers to make investment decisions solely on the basis of maximizing the return on investment for Florida retirees.
by Calvin Freiburger