Many criticisms have been leveled against Elon Musk—that he’s part of the elite, that Tesla has been the beneficiary of government handouts and exemptions, that his transhumanist Neuralink is a brain-data-mining operation. Yet his planned purchase of Twitter, his supposed free-speech absolutism, and his subsequent renunciation of the Democratic Party as “the party of hate” have put Musk squarely in the crosshairs of the woke cartel.
Vitriolic Twitter storms, a New York Times–Financial Times biographical exposé, a slew of hit pieces and scaremongering segments in the legacy media, and allegations of sexual harassment have dogged the automobile magnate ever since his Twitter bid. In response, Musk announced on Twitter that he’s assembling a legal crew to sue defamers and defend Tesla (and likely himself) against lawsuits.
But the best indication that the woke cartel has really gone berserk is its removal of Tesla from the S&P 500’s ESG (Environmental, Social, and Governance) Index. This last rebuff proves that “ESG is a scam.”
I’ve argued that the ESG is a means for dividing the woke wheat from the unwoke chaff to assemble a woke monopolistic cartel, but this exclusion is especially hypocritical and ludicrous. Tesla has produced more electric vehicles than any other manufacturer, yet Exxon Mobil and JP Morgan Chase rank among the S&P 500’s top ESG performers after a recent rebalancing. JP Morgan is the world’s largest investor in oil producers and ExxonMobil ranks first among them.
The reasons given for axing Tesla from the index also prove that ESG indexing is political to the core. Writes Margaret Dorn of Indexology Blog:
A few of the factors contributing to its 2021 S&P DJI ESG Score were a decline in criteria level scores related to Tesla’s (lack of) low carbon strategy and codes of business conduct. In addition, a Media and Stakeholder Analysis, a process that seeks to identify a company’s current and potential future exposure to risks stemming from its involvement in a controversial incident, identified two separate events centered around claims of racial discrimination and poor working conditions at Tesla’s Fremont factory, as well as its handling of the NHTSA investigation after multiple deaths and injuries were linked to its autopilot vehicles. Both of these events had a negative impact on the company’s S&P DJI ESG Score at the criteria level, and subsequently its overall score. While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens.
What we see through this “wider ESG lens” is a political spectacle. ESG grading, notes Bloomberg, is a measure of public relations imagery, not environmental performance. Tesla has been besmirched with bad press regarding supposed racial discrimination, and Musk’s South African provenance is used to support such allegations. In 2018, Business Insider claimed that Musk was a beneficiary of an apartheid emerald mine owned by his father, Errol, and worked by black South Africans. Twitter mobs and other media outlets have continued to repeat the allegation, despite Musk’s convincing refutation.
Tesla and Musk have thus been subjected to the S in ESG—the “social” or “social justice” quotient. “Diversity, equity, and inclusion” means exclusion of the politically incorrect. This applies to corporations as much as it does to individuals. Musk has been deemed a deplorable, and thus his company does not pass “social justice” muster.
As such, Musk has exposed the contradictions within the woke cartel’s measurement apparatus. Anything that can be used against a company, or its owners, will be used—
when the target runs afoul of the woke arbiters, that is. That’s because the ESG is an impressionistic, qualitative metric that subjects companies to the whims of a woke dictatorship.
I’m not suggesting that Musk is a free-market hero or a lowercase libertarian, but there is little doubt that he’s become corporate enemy number one for the state-backed woke cartel. The battle shaping up between Musk and the regime will prove to be an important one, if only because it pits the power of the latter against a high-visibility manufacturer and the reputed “richest man in the world.” What we will learn is how powerful the woke cartel is and just how far it will go to infringe property rights and eradicate any remaining legitimate (consumer-based) market criteria—no matter how much its moves reek of hypocrisy or how obvious its vendetta.
In today’s political economy, satisfying shareholders and customers has become less important than ingratiation with the woke cartel and the government that supports it. Corporations’ fealty to wokeness, state dictates, and state narratives can be explained in terms of a fully politicized economy. Corporations seek to curry favor with the clique in power, and thus they have become organs of the Democratic Party and the federal government it now runs unilaterally.
Woke corporatism is what happens when social democracy or democratic socialism grows to such proportions as to make profiting nearly impossible without political approval. Unfortunately, Elon Musk will learn much more about woke political capitalism in the not-so-distant future.
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our new GiveSendGo. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC