by Martin Armstrong, Armstrong Economics:
The people have spoken with their dollars, and companies are now less likely to go woke. The Human Rights Campaign (HRC) pushes the CEI (Corporate Equality Index), a company’s social woke credit score. The Open Society Foundation, operated by the Soros family, funds the HRC. The ESG promotes a company’s green social credit score, promoted by BlackRock and the World Economic Forum. Companies were 31% less likely to mention these absurd social scores during earnings calls this quarter, marking the steepest annual drop and the fifth consecutive quarter of declines.