How private equity firms use public pension funds to screw other workers

Texas made it illegal to invest pensions or any other state funds in any fund that uses ESG. Why? Because those funds might not invest in oil. Several are now banned, despite being deeply invested in oil companies

https://www.axios.com/2022/08/25/texas-bans-blackrock-ubs-esg-backlash

Capitalism makes everything worse. The pursuit of monetary profit above all other forms of value is terrrible

12 Likes