The market (i.e., billions of individual decisions) cannot be defeated by decisions of the few (i.e., authoritarians, utopians and busybodies). The few can temporarily manipulate and distort the market, but it’s always a fool’s errand. The market ultimately reasserts itself. Blackrock tried to overpower the market with its “ESG” or Environmental, Social & Governance scheme. But the market is, once again, having the final say.

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