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<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\nMany criticisms have been leveled against Elon Musk\u2014that he\u2019s part of the elite, that Tesla has been the beneficiary of government handouts and exemptions, that his transhumanist\u00a0Neuralink<\/a>\u00a0is a brain-data-mining operation. Yet his planned purchase of Twitter, his supposed free-speech absolutism, and his subsequent\u00a0renunciation of the Democratic Party<\/a>\u00a0as \u201cthe party of hate\u201d have put Musk squarely in the crosshairs of the woke cartel.<\/p>\n Vitriolic Twitter storms, a\u00a0New York Times<\/em>–Financial Times<\/em>\u00a0biographical\u00a0expos\u00e9<\/a>, a slew of hit pieces and scaremongering segments in the legacy media, and\u00a0allegations of sexual harassment<\/a>\u00a0have dogged the automobile magnate ever since his Twitter bid. In response, Musk\u00a0announced<\/a>\u00a0on Twitter that he\u2019s assembling a legal crew to sue defamers and defend Tesla (and likely himself) against lawsuits.<\/p>\n But the best indication that the woke cartel has really gone berserk is its\u00a0removal of Tesla<\/a>\u00a0from the S&P 500\u2019s ESG (Environmental, Social, and Governance) Index. This last rebuff proves that \u201cESG is a scam<\/a>.\u201d<\/p>\n I\u2019ve\u00a0argued<\/a>\u00a0that the ESG is a means for dividing the woke wheat from the unwoke chaff to assemble a woke monopolistic cartel, but this exclusion is especially hypocritical and ludicrous. Tesla has produced more electric vehicles than any other manufacturer, yet Exxon Mobil and JP Morgan Chase rank among\u00a0the S&P 500\u2019s top ESG performers<\/a>\u00a0after a recent rebalancing.\u00a0JP Morgan is the world\u2019s largest investor in oil producers<\/a>\u00a0and ExxonMobil\u00a0ranks first<\/a>\u00a0among them.<\/p>\n The reasons given for axing Tesla from the index also prove that ESG indexing is political to the core. Writes Margaret Dorn of\u00a0Indexology Blog<\/em><\/a>:<\/p>\n A few of the factors contributing to its 2021 S&P DJI ESG Score were a decline in criteria level scores related to Tesla\u2019s (lack of) low carbon strategy\u00a0and codes of business conduct. In addition, a Media and Stakeholder Analysis, a process that seeks to identify a company\u2019s current and potential future exposure to risks stemming from its involvement in a controversial incident, identified two separate events centered around claims of racial discrimination and poor working conditions at Tesla\u2019s Fremont factory, as well as its handling of the NHTSA investigation after multiple deaths and injuries were linked to its autopilot vehicles. Both of these events had a negative impact on the company\u2019s S&P DJI ESG Score at the criteria level, and subsequently its overall score. While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens.<\/p><\/blockquote>\n What we see through this \u201cwider ESG lens\u201d is a political spectacle. ESG grading,\u00a0notes Bloomberg<\/a>, is a measure of public relations imagery, not environmental performance. Tesla has been besmirched with bad press regarding supposed racial discrimination, and Musk\u2019s South African provenance is used to support such allegations. In 2018,\u00a0Business Insider<\/em>\u00a0claimed<\/a>\u00a0that Musk was a beneficiary of an apartheid emerald mine owned by his father, Errol, and worked by black South Africans. Twitter mobs and other media outlets have continued to repeat the allegation, despite Musk\u2019s convincing\u00a0refutation<\/a>.<\/p>\n Tesla and Musk have thus been subjected to the\u00a0S<\/em>\u00a0in ESG\u2014the \u201csocial\u201d or \u201csocial justice\u201d quotient. \u201cDiversity, equity, and inclusion\u201d means exclusion of the politically incorrect. This applies to corporations as much as it does to individuals. Musk has been deemed a deplorable, and thus his company does not pass \u201csocial justice\u201d muster.<\/p>\n As such, Musk has exposed the contradictions within the woke cartel\u2019s measurement apparatus. Anything that can be used against a company, or its owners, will be used\u2014<\/p>\n when the target runs afoul of the woke arbiters, that is. That\u2019s because the ESG is an impressionistic, qualitative metric that subjects companies to the whims of a woke dictatorship.<\/p>\n I\u2019m not suggesting that Musk is a free-market hero or a lowercase libertarian, but there is little doubt that he\u2019s become corporate enemy number one for the state-backed woke cartel. The battle shaping up between Musk and the regime will prove to be an important one, if only because it pits the power of the latter against a high-visibility manufacturer and the reputed \u201crichest man in the world.\u201d What we will learn is how powerful the woke cartel is and just how far it will go to infringe property rights and eradicate any remaining legitimate (consumer-based) market criteria\u2014no matter how much its moves reek of hypocrisy or how obvious its vendetta.<\/p>\n In today\u2019s political economy, satisfying shareholders and customers has become less important than ingratiation with the woke cartel and the government that supports it. Corporations\u2019 fealty to wokeness, state dictates, and state narratives can be explained in terms of a fully politicized economy. Corporations seek to curry favor with the clique in power, and thus they have become organs of the Democratic Party and the federal government it now runs unilaterally.<\/p>\n Woke corporatism is what happens when social democracy or democratic socialism grows to such proportions as to make profiting nearly impossible without political approval. Unfortunately, Elon Musk will learn much more about woke\u00a0political capitalism<\/a>\u00a0in the not-so-distant future.<\/p>\n<\/div>\n