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Help me understand this part of a common woke narrative (also known as mainstream).

With the keyword being understand.

A banker called me today and she mentioned some ESG investment fund (of course I'm not interested, because the only ESG investment I'm interested in is called Bitcoin). She said that "you can be sure it's not weapons manufacturing".

On the other hand, the self-proclaimed "good people" (🌞) are trying to get guns, ammo and many other kinds of weapon materials to Ukraine, because our future depends on it.

Shouldn't the ESG fund then contain stock of Lockheed-Martin, Raytheon, Huntington Ingalls, Northrop Grumman and Boeing? Who is going to make those weapons? Aren't the investors in these companies making this possible?

It seems a bit out of integrity. But make me understand. Am I confused and are these different groups of people? Some are against any weapons and are in ESG funds and some other people are heavily invested in defense stock and want to help Ukraine against the crazy murderer from Moscow?

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Discussion

🄷🄸🄶🄷●🅂🄲🄾🅁🄴 1y ago

I'll have a go

the bank has some demographic data on you that groups you within (probably younger?) set of people, who have a higher chance of saying yes, to investing in that type of fund

its not about esg or promoting any agenda its about the woman at the bank and the bank itself meeting sales targets

because not everyone is the same, there's plenty of other capital from other groups to invest in weapons

stupleb 1y ago

Exactly. They'd sell a baby heroin if they could.

Analogue Dog 1y ago

Trudeau's Lib party are already doing this in Canada. The taxpayer picks up the tab. It's called 'safe supply' and is run by private companies.

🄷🄸🄶🄷●🅂🄲🄾🅁🄴 1y ago

but...

i do think your logic is right:

if esg is mainstream, and ukraine defense is mainstream,

then mainstream esg theme should include defense of ukraine (shouldn't it?)

im not a logician or philosopher though, but yeah i think you have found another logical fallacy in mainstream narratives

Juraj 1y ago

no, she offered many things as usual, it was not very well targeted (and I did not buy anything).

of course the bank will offer whatever is in demand, they want their fees

what strikes me as weird is the contradiction in world view of the people that buy this, because they tend to be politically progressive and pro weapons to Ukraine, yet they would like their investments to not be about weapons.

Pj 1y ago

"No weapons" is just a cheap selling point that they believe will be welcome by most people. As the green and progressive stuff is increasingly falling out of favor, "no weapons" is what they're left with.

Juraj 1y ago

yes, but at the same time the same kind of people promote sending weapons to Ukraine.

that contradiction is what is interesting to me

Pj 1y ago 💬 1

I doubt they think about it as deeply. It's just a superficial marketing campaign.

Mark E. Jeftovic 1y ago

The internal contradictions of wokeness are truly mind boggling.

I once found that it bears all 10 markers of cognitive bias

https://bombthrower.com/deconstructing-wokethink/