Vivek Ramaswamy Traces the Roots of ESG—It's Been Going on a Lot Longer Than We Knew

At this point, everyone knows about ESG, and everyone knows that companies and firms that embrace it are intent on pushing an environmental, social, and governance agenda, mostly on America. But the full story is very interesting and extremely disturbing.

Recently, I had the chance to hear Vivek Ramaswamy, the founder of Strive Asset Management, speak about ESG, how it came to be, how it functions, and how to combat it.

Ramaswamy said that the problems of ESG are not state or even national economic ones. They make up a transnational, trans-partisan battle for the heart and soul of democracy itself. It is not Democrats versus Republicans, Left versus Right, black versus white, or gay versus straight. Rather, the real issue at stake is democratic-republican self-governance versus monarchy. Ramaswamy said that it is not a 2022 question but a 1776 question. ESG, says Ramaswamy, is a secular religion that started when ideas such as identity and the ability to achieve in life based on race, gender, or sexual orientation rose to the fore.

According to Ramaswamy, there were two toxic ideologies of the 20th century—the first being German Nazism, and the second Soviet-style Marxism. Blend the identity politics of the first with the oppressor-oppressed philosophy of the second and you have planted the seeds of ESG. This, in turn, allows for the application of labels to those who question the new cultural norm. Those labels include, but of course are not limited to, “racist,” “misogynist,” “climate-denier,” and “bigot.” Once those labels are applied, all debate is silenced.