Well, that escalated quickly.
It seems that the globalists, otherwise known as the varied autocrats across the EU, UK, Canada, Australia, and, increasingly the US, are doing everything in their power to openly interfere with free market enterprise.
While some governmental regulations, such as those that ensure overtime and other key labor protections, are clearly beneficial to hardworking individuals, other regulations are going a tad too far in interfering with different companies’ businesses.
And – surprise, surprise – some of the most blatant examples of interference include laws regarding diversity, equity, and inclusion (DEI), alongside the climate change-obsessed environmental, social, and governance (ESG) standards.
As reported by Blaze Media, the European Union (EU) in all its bureaucratically joyful wisdom, has decided it’s a great idea to further hamstring companies with more than onerous taxes.
The EU would also like to hamstring companies with onerous DEI and ESG regulations.
In remarks to Allie Beth Stuckey, Justin Haskins, author and editorial director of the Heartland Institute, noted the coming militancy of burdensome EU regulations.
“It’s going to impact every single American … Essentially, what it does is create ESG social credit scores for companies. … These ESG scores are designed to transform the way companies operate, the kinds of products and services that they can sell, and then, by extension, transform societies around it,” Haskins detailed.
And just how transformational? Well, the EU apparently wants to dictate the racial makeup of companies.
“How diverse is your board of directors? How diverse is your management team? Like these are the kinds of things that are in these ESG scores,” Haskins detailed.
A frightening state of affairs in “democracies” these days. A truly globalized effort as well.
“It’s not enough for them to change their policies in the EU; they have to change it in America. They have to change it everywhere they do business; that’s what the law says, and if they don’t, then they can be fined 5% of their total worldwide revenue, so for a company like Apple, if you do the math, that’s $19 billion for one violation … no one’s going to violate this law because they can’t afford to,” Haskins declared.
Scary.
Somewhat like no company could really defy the government during COVID. Is it any surprise that these more invasive regulations are coming out following the success of authoritarian lockdowns?
These regulations will impact every single American company operating within the EU, from McDonald’s to Apple to Meta.
Humorously, speaking of Big Tech, the technology industry in California is very well known for being amongst the least diverse industries in the entire United States.
The relative absence of diversity is even clearer when evaluating the executive management teams at large technology companies, from Google to Meta, most of which apparently consist primarily of Asian and White individuals.
In fact, increasing diversity at large technology companies proved to be so challenging that human resources (HR) recruiters were given “double points” for recruiting an individual from a less ethnically represented background … even then, it was apparently so difficult, that recruiters stopped focusing on non-White, non-Asian groups and began to focus on the most merit-based individuals instead.
So, given the apparent failure of Big Tech to increase diversity in the highest ranked positions, despite acting like one of the wokest industries around, it will be quite curious to see how on earth the EU intends to implement its remarkably strict, frankly borderline communist intentions.
After all, if the EU can demand a specific racial makeup for every company, what’s to stop it from demanding uniform (i.e., communist) salaries for everyone?
If the EU is not careful, it may end up driving out more businesses than San Francisco.
Author: Jane Jones
These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.
To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].
Family-Friendly Content
Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More
These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.
To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].
Family-Friendly Content
Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More
