Michael Rectenwald: Woke Capitalism Will Destroy Businesses Not Compliant With Great Reset

Michael Rectenwald returns to discuss the ESG Index or "woke capitalism" as a selection mechanism or demarcation device to delineate which businesses are onboard with The Great Reset and punish those who are not compliant. It is effectively a Social Credit System for companies, feeding investments toward the compliant while starving dissident firms, competition, and industries. This sets up the possibility for doing to companies what is being done to individuals in Canada right now, de-banking them and freezing their assets, and is totalitarian in nature. This global government combines the worst of both systems (capitalism and communism). We discuss the WEF Young Global Leaders program, the threat posed by the people who don't see COVID1984 for what it is, resistance, and parallel structures. Watch On BitChute / Brighteon / Rokfin / Rumble Geopolitics & Empire · Michael Rectenwald: Woke Capitalism Will Destroy Businesses Not Compliant With Great Reset #260 *Support Geopolitics & Empire! Become a Member https://geopoliticsandempire.substack.comDonate https://geopoliticsandempire.com/donationsConsult https://geopoliticsandempire.com/consultation **Visit Our Affiliates & Sponsors! 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You best get this book and read it because judging by events in Canada, the hunger games have officially commenced and we are now in thick of the Google Archipelago where you can have your bank account frozen for donating money to truckers. Michael, how are you doing? And how are you enjoying the Google Archipelago? Michael Rectenwald: I'm hanging in there very well. It's great to be back. So yeah, I'm looking forward to our talk. Geopolitics & Empire: Yeah. I think you were ill for a while now and you recovered? Michael Rectenwald: Oh, yes. I had COVID and went in twice to the hospital. The first time was for COVID itself, but then really, I left the hospital and then the medications they gave me made me sicker than anything. I was given some anticoagulants that ended up causing me to have intestinal bleeding, which almost killed me. So the second time I went into the hospital, I was under respiratory failure. I couldn't breathe at all. So they had to put me on a ventilator. I was completely unconscious. They put me on a ventilator and everybody that knew me thought this is a 50-50 chance to survive once you're on the ventilator. I was on that for three days, but I didn't know that. I woke up and I was in the ICU and just said, "Well, how long have I been here?" And they said, "Three days." I was like, "What? I had lost them completely." So I was in 12 days in the ICU in a couple more days in the regular hospital bed. And oh boy, I couldn't walk when I got out. I couldn't do anything. I mean, I was so weak. I lost 50 pounds. It was intense. Geopolitics & Empire: Yeah. I was shocked when I saw you posting that on Facebook and Twitter and your social media. I was like I couldn't believe it, but glad that you recovered. Michael Rectenwald: Thank you. Geopolitics & Empire: In our previous interview, I think it was eight, nine months ago, which people should go back and watch, you laid the foundation for the great reset, Google Marxism, as you call it. This one world monopoly of government or global socialism. Today, will be maybe a bit more of like a graduate level course where we dig deeper into more of the technical aspect such as the Environmental, Social and Governance Index, ESG, which is a Chinese style, social credit score for rating corporations. Your latest piece on mises.org details this. Incredibly, there are still many people who have no idea what ESG means that they gave me blank faces. And even still some who don't understand the social credit system. So maybe we can start with the ESG. Michael Rectenwald: Yeah. So the ESG, the Environmental, Social, and Governance Index is an index on the stock exchanges, of course. And it is a means by which corporations are rated along these criteria. So environmental of course has to do with their carbon footprint and their sustainability practices. Social really comes down to social justice precepts. How well are they abiding by social justice precepts in terms of how many... What's the constitution identity wise of their board members of their management, of their staff, and so on and so forth. So it's kind of like the diversity, equity, and inclusion element. And then governance really refers to what's their corporate governance like but also how well do they interact with the state? How well do they abide by state law and policy? So what it's doing is I've been reading some people. Even a Marxist. I just read a Marxist who argues that wokeness in effect is a means for differentiating between the elite and the others. It's a selection mechanism. Similarly, the ESG, which is wokeness in capitalism, this is woke capitalism is a mechanism by which you differentiate between woke corporations and non-woke. It's a selection mechanism. It's a demarcation device in order to separate out the non-compliant from the compliant. And then it effectively feeds investments toward the compliant and away from the non-compliant. As I see it, it's a way of starving off competition, starving off industries and starving off players within industries who are non-abiding, who are not compliant with the agenda. In my way of thinking, it establishes kind of a woke cartel or a set of woke cartels. I mean, if you look at the major investment asset managers, all of them are totally down with this. All 10 of the top 10, especially BlackRock, and Vanguard, and State Street and UBS, they're completely down with this. I mean, Larry Fink of BlackRock puts out these letters every year. He put one on in January 18th. And it's basically, he throws down the stakeholder or the ESG gauntlet. If you do not abide by these precepts, you will be starved out of capital. You will not survive. Competitors will come and replace you. He puts it exactly like that. You'll be replaced. So it's a kind of cancellation. Just as in the social realm, individuals are canceled. They're canceling corporations in the same way. And interestingly, they're differentially diverting funds to China, Chinese companies. So it's a really unbelievable development. I was reading the UN. There's a ton of UN programs that are all about this. There's the principles of banking, principles of asset management and principles of insurance. They have 4,700 investment firms, banks, and asset managers signed on to this. 4,700. And the World Economic Forum is a major player in pushing it. I've been looking into this for a while. I think that Klaus Schwab is actually the inventor of this idea of stakeholder capitalism, which is to benefit stakeholders as opposed to, or in addition to shareholders. Stakeholder capitalism is the premise for the ESG. It's the guiding principle for the ESG of which is the mechanism for enforcing stakeholder capitalism. It goes back to 1971 and Schwab's first book, which title sort of eludes me, but it was published in '71 when he founded the precursor to the World Economic Forum. He's been pushing this stakeholder. He and the WEF have been pushing this stakeholder idea for decades. So now it's completely embedded and infiltrated. All corporate America and corporations broadly across the world, all the entire banking industry. So this is the premise that sets up the possibility for doing to companies what is being done to individuals in Canada right now, de-banking them, defunding them, freezing their assets. This is all part of the same campaign. It is wokeness writ large. And wokeness is not some sort of a funny, silly ideology that's just for making fights on Twitter. This really a major demarcation device in order to separate the wheat from the chaff, the wheat being them. In their case, that's how they think of it. The chaff being everybody who is not on board. Sponsor: A message from our sponsors. The Nomos app will help you survive COVID1984 and the great reset. Nomos is a time bank that can be used by communities anywhere in the world. 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