August 14, 2023 Reading Time: < 1 minute

When big corporations like Target or Bud Light go blatantly Woke, to the detriment of their shareholders and profits, you might ask yourself what exactly they are doing, and why.

This is where ESG comes in. ESG is Environment, Social, and Governance, three pillars of a pervasive type of corporate social credit score that businesses are pressured or incentivized to abide by.

On this episode of Liberty Curious, Kate Wand invited Samuel Gregg, Distinguished Fellow in Political Economy at AIER, to discuss the origins of ESG, how its being applied, and its ties to the UN SDGs and the World Economic Forum. They also explore its role in reflecting, promoting, and shaping Woke ideology.

Use these shortcuts to navigate the topics presented in the video:
0:00 – intro
1:55 – Origins of ESG
4:03 – Stakeholder Capitalism
6:45 – How did ESG ascend so quickly?
11:15 – The Great Reset
13:33 – the ESG Cartel & Central Planning
21:40 – How did the UN & WEF become so powerful?
25:25 – America’s Achilles Heel
31:05 – Malthusian Flavour of ESG
35:40 – Carbon Markets & ‘Green’ Economy
38:00 – Why would you destroy your company?
46:46 – Confronted with Reality
51:43 – Legal Solutions in Corporate Law
56:06 – Europe’s Self-Inflicted Decline
58:32 – Hope for America?
1:00:43 – Last Thoughts

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Samuel Gregg

Samuel Gregg

Samuel Gregg is the Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research. He has a D.Phil. in moral philosophy and political economy from Oxford University, and an M.A. in political philosophy from the University of Melbourne.

He has written and spoken extensively on questions of political economy, economic history, monetary theory and policy, and natural law theory. He is the author of sixteen books, including On Ordered Liberty (2003), The Commercial Society (2007), Wilhelm Röpke’s Political Economy (2010); Becoming Europe (2013); Reason, Faith, and the Struggle for Western Civilization (2019); The Essential Natural Law (2021); and The Next American Economy: Nation, State and Markets in an Uncertain World (2022). Two of his books have been short-listed for Conservative Book of the Year, and one of his books has been short-listed for the 2023 Hayek Prize. Many of his books and over 500 articles and opinion pieces have been translated into a variety of languages. He is also a Contributor to Law and Liberty, a Fellow of the Royal Historical Society, an Affiliate Scholar at the Acton Institute, and a Fellow of the Center for the Study of Law and Religion at Emory University.

He has published in journals such as the Harvard Journal of Law and Public PolicyJournal of Markets & Morality; Economic Affairs; Law and Investment Management; Journal des Economistes et des Etudes Humaines; Notre Dame Journal of Law, Ethics and Public Policy; Oxford Analytica; Communio; Journal of Scottish Philosophy; University Bookman; Foreign Affairs; and Policy. He is a regular writer of opinion-pieces which appear in publications such as the Wall Street Journal; Foreign Affairs; The Daily Telegraph; First Things; Investors Business Daily; The Spectator; Law and Liberty; Washington Times; Revue Conflits; American Banker; National Review; Public Discourse; American Spectator; El Mercurio; Australian Financial Review; Jerusalem Post; La Nacion; and Business Review Weekly. He has served as an editorial consultant for the Italian journal, La Societa, and American correspondent for the German newspaper Die Tagespost. He has also been cited in the New York Times, the Wall Street Journal, Forbes, Time Magazine, Christian Science Monitor, the Washington Post, the New Yorker, Reuters, and the Holy See’s L’Osservatore Romano.

In 2001, he was elected a Fellow of the Royal Historical Society, and a Member of the Mont Pèlerin Society in 2004. In 2008, he was elected a Member of the Philadelphia Society, and a Member of the Royal Economic Society. In 2017, he was made a Fellow of the Center for the Study of Law and Religion at Emory University. He served as President of the Philadelphia Society from 2019-2021. He was made a Distinguished Fellow of the Philadelphia Society in 2023.

He is the General Editor of Lexington Books’ Studies in Ethics and Economics Series. He also sits on the Academic Advisory Boards of the Institute of Economic Affairs, London; Campion College, Sydney; La Fundación Burke, Madrid; the Instituto Fe y Libertad, Guatemala; and the Friedman-Hayek Center at the Universidad de CEMA, Buenos Aires. He also serves on the editorial boards of the Journal of Markets and Morality and Revista Valores en la sociedad industrial.

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Kate Wand

Kate Wand is a content creator. Her focus is social commentary and filmmaking. She is the host of AIER’s Liberty Curious podcast.

You can follow her on Twitter @katewand.

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