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Let us also not neglect the financiers who quietly implemented Environmental, Social, and Governance or ESG, which attempted to starve corporations of investment capital if they did not implement diversity hiring; BlackRock’s Larry Fink, in particular, has a lot to answer for. ESG investing even impacted the start-up ecosystem: venture capital was preferentially diverted towards women and minority founders. Quite a few of those projects turned out to be scams. Remember Theranos, anyone? And how about those Alzheimer’s drugs?
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