New ‘anti-woke’ ETF makes Starbucks its first target \ stacker news ~culture

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New ‘anti-woke’ ETF makes Starbucks its first target www.ft.com/content/f19c34b2-2eb0-40f4-a799-f5221413e9b2

441 sats \ 17 comments \ @south_korea_ln 6 Dec culture

Anti-woke is becoming as cultish and tribal as the woke movement, in my opinion.

I'd just invest in an etf that tracks valuable companies, regardless of being labelled woke or not.

I put this in ~culture as this kind of news on woke/anti-woke polarization is emblematic of what i think is the bigger disease that is the culture war.

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10 sats \ 1 reply \ @DesertDave 7 Dec

Labels.... Real people are multifaceted

11 sats \ 0 replies \ @south_korea_ln OP 7 Dec

Fully agree :)

10 sats \ 1 reply \ @Bell_curve 7 Dec

Only woke people call anti woke cultish

0 sats \ 0 replies \ @south_korea_ln OP 7 Dec

I just did. Yet i don't consider myself woke.

But maybe you do consider me woke. Then I'd be part of a cult too 😄

11 sats \ 0 replies \ @Aardvark 7 Dec

It's not something I'd put my money in, but people invest emotionally all the time..

11 sats \ 8 replies \ @OgFOMK 6 Dec

There is nothing in this article. It's puffed nonsense. No content. Just opinions on top of opinions.

0 sats \ 7 replies \ @south_korea_ln OP 6 Dec

There is not much content to provide in my opinion. This whole debate is just opinions against opinion.

11 sats \ 6 replies \ @OgFOMK 6 Dec

Companies that use ESG will not be profitable. Companies that do not will be profitable if the focus on a good business.

0 sats \ 5 replies \ @south_korea_ln OP 6 Dec

I believe it's more nuanced. E.g. what about companies whose customers buy into ESG policies? Companies doing this kind of virtue signaling (be it woke or anti-woke) likely also have financial incentives to do so.

5 sats \ 1 reply \ @OgFOMK 7 Dec

The financial incentive is not profit. It's lending. These companies want to borrow money so they show lenders (not customers) that they have these policies. Somewhere in the mix someone within the corporation convinces the board that this is good for business. The real purpose is Marxism as it erases people and puts common denominator on individuals and individuals need to match this or face rejection.

Meanwhile the business introduces meaningless products and losses base customers.

0 sats \ 0 replies \ @south_korea_ln OP 7 Dec

Isn't Starbucks in the business of getting customers to lend them money? They almost function as a back with all the money people charge on their membership cards? So the customers are the lenders here.

Not saying this as a gottcha. More to illustrate things are often nuanced.

As a side point, throwing in some marxism in the discussion sounds like the other side throwing the nazi argument to me. Like the reverse Godwin's law :)

Oh wait, did a inadvertently reached the Godwin point? Sorry 😔

10 sats \ 2 replies \ @Bell_curve 7 Dec

We should compare the profits of ESG with non ESG

If American universities adopted ESG endowments then tuition costs would rise and faculty salaries would decrease

0 sats \ 1 reply \ @south_korea_ln OP 7 Dec

I'd argue Starbucks to be highly profitable.

But that would be an interesting exercise indeed. Any numbers to share?

10 sats \ 0 replies \ @Bell_curve 7 Dec

But their profits have nothing to do with ESG.

0 sats \ 0 replies \ @watchmancbiz 8 Dec

good for them, take down that satanic agenda by the power of God

0 sats \ 1 reply \ @Bell_curve 7 Dec

0 sats \ 0 replies \ @nitter 7 Dec bot

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