Sometimes idiocy gets so entrenched that it’s mistaken for wisdom. For the rest of us, we should start to shake our elites’ false aura of authority and easily recognize some of their chic passions for what they are – nonsense. In this, I refer to our the corporate suits’ enthusiasm for woke ideology. How could adults embrace something so ludicrous? The farce would be apparent to a child.
I’m reminded of the old gag of a tractor-trailer hauling a tall earth mover but at a standstill at a bridge. Stumped as to how to get it under the bridge, a kid in a mini-van rolls by with the window down and yells, “Let some air out of the tires!” Staunching the drivel, before they mutilate our livelihoods and retirement systems, is as obvious as letting some air out of the tires.
It might take a kid to cut through the overwrought bunk to help return us to sanity. Right now, overwrought lefty foolishness is piloting the ship of our retirements. Pay attention those of you at the mercy of CalSTRS and CalPERS and the rest of the public employee pension gang. Lefty ideologues control your pension checks. One such lefty avatar is Kirsty Jenkinson, Investment Director, Sustainable Investment & Stewardship Strategies for the California State Teachers’ Retirement System (CalSTRS). Whew, what a mouthful, but a title that can be simply translated as “useful idiot in selling the rope that eco-totalitarians will use to hang us”.
Lenin was famous for his characterizations of supportive capitalists as “rope sellers” and “useful idiots”.
Taking a closer look at Kirsty shows the scope of the threat. This girl has an illustrious leftist pedigree, albeit one in carefully coiffed hair and suit (see below). She went from a four-year stint at Edinburgh University with a MA in “International History” to six years as an executive director at Goldman Sachs, innocuous enough till we find her as Director of “Governance & Sustainable Investment” at BMO Global Asset Management. What’s that obtuse title mean? Well, it’s a rephrasing of the leftist tag “ESG”, or Environment, Social, and Governance.
Whose Environment? Not ours, but the greenie utopia that people like Kirsty, schooled in all the lefty jargon, want to impose on us.
Whose Social? Not ours, but the “social” of the lefty faculty lounge and their legions of acolytes. Yep, that’s the stuff fed to your child through their curriculum and shows as Critical Race Theory and hides under the acronym EID – Equity, Inclusion, and Diversity. All of this lingo boils down to perpetual victimhood of the “other” which is defined by a laundry list of immutable characteristics and a host of mental dispositions (“My genitalia doesn’t define my sex.”). Of course, the “social” encompasses an explosion of so-called remedies in government commands, rewards, and punishments. It’s a complete omni-competent state, as in the one contemplated by Karl Marx.
Whose Governance? Yes, ours. Meaning, they want to control us in every possible way. This political disposition leads to the reflex to funnel campaign cash to eco-socialist parties, like today’s Democratic Party. It also seeks to rope the Fortune 500 into the revolution. That gets us back to Kirsty Jenkinson.
From BMO, she ends up at the World Resources Institute as Director of Markets & Enterprise Program. Media Bias/Fact Check rates them “left-center”. It’s an eco-group with the same eco-mantras.
The BMO and WRI stints uncovered her as a lefty political activist in the corporate suite. She continued her march through the boardrooms as the Managing Director & Sustainable Investment Strategist at Wespath Institutional Investments. Are you getting the picture? This lady is into funds that have millions of dollars of other people’s money at their disposal which can be turned into seats on corporate boards. The sheer weight of shares counts for a lot. All the better to foist ESG, EID, CRT, and the rest of the lefty litany on the nation from the classroom to the workplace. What doesn’t get through in the Green New Deal will be swept up by the Fortune 500.
That’s not the end of Kirsty’s sojourn. She’s now the Investment Director of Sustainable Investment & Stewardship Strategies at CalSTRS, the second largest pension fund with $275 billion in assets. Thus, this eco-activist has an outsized influence over the financial well-being of 949,000 teachers and staff. She can wield the fund’s $300 million stake in Exxon/Mobil like a Swiss halberd and force them to renounce any effort at producing affordable energy, their core business.
Bear in mind, that greenie stuff – “sustainable” – is expensive and unreliable, and that’s before we start the slide in our and our kids’ quality of life. And that’s before pensioners begin noticing the stories of CalSTRS’s difficulties in cutting the checks. At the end of the day, eco-fantasies don’t make for corporate health, and corporate ill-health becomes the basis for a bad portfolio, and a bad portfolio equals a bankrupt pension. Get it?
People like Kirsty Jenkinson, with her lefty fairy tales, have no business using my pension to advance their ideological crusade. The fiduciary rule requires the fund managers to work on behalf of the best financial interests of their clients. A totalitarian eco-utopia is not in the best interests of the beneficiaries. If individual beneficiaries want to send a little cash to the eco-blob, more power to them. But Kirsty should have another job, other than political activist. In fact, a proper functioning fiduciary rule would demand an end to titles such as Director of Sustainable Investment & Stewardship Strategies.
Either she finds another role or send her packing.
RogerG.