Gerry McGovern on Nostr: "The paradox of asset management capitalism is stark. They are universal owners and ...
"The paradox of asset management capitalism is stark. They are universal owners and don’t look for winners, even those not winning sectors. This indifference explains why large investors often resist sustainability initiatives, even when acknowledging long-term risks. Short-term profits, after all, take precedence. It is even more cynical: they bet on the fact that systemic risks are soo huge that they will be socialised — and even lobby for that."
https://hansstegeman.substack.com/p/the-rising-democratic-deficit-ofPublished at
2025-01-11 12:09:45Event JSON
{
"id": "863823e72f2f49be0972abed8c670eede68cdf3f85697ca75e408e9198767386",
"pubkey": "5e59183b892b0402c381d2d767231dc95be4b9f4c75eb9c74963a9a83646f123",
"created_at": 1736597385,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.green/users/gerrymcgovern/statuses/113809646253041521",
"activitypub"
]
],
"content": "\"The paradox of asset management capitalism is stark. They are universal owners and don’t look for winners, even those not winning sectors. This indifference explains why large investors often resist sustainability initiatives, even when acknowledging long-term risks. Short-term profits, after all, take precedence. It is even more cynical: they bet on the fact that systemic risks are soo huge that they will be socialised — and even lobby for that.\"\n\nhttps://hansstegeman.substack.com/p/the-rising-democratic-deficit-of",
"sig": "2302abe7e8e20ccc516e5cdd877615e0cb3a071ff5739aac892a2f333deaa41c486e02f5484c9c3294c6bdb90cae1a197d7fe6fef9f00e9f83c24163f23c4bfb"
}
