> The existence of the PMC I believe is evidence of elite overproduction and is a nasty side effect of an increasingly winner-take-all society.
If you have met these people, they are not winners. They are conniving scum. And they have explicitly instituted mechanisms to disconnect their own fortunes from actual results. FTX had a higher ESG score than ExxonMobil [1] and for the most part things like ESG are being used to disconnect indirect investor capital (like pension funds and insurance) from actually high performing and profitable companies.
If you have met these people, they are not winners. They are conniving scum. And they have explicitly instituted mechanisms to disconnect their own fortunes from actual results. FTX had a higher ESG score than ExxonMobil [1] and for the most part things like ESG are being used to disconnect indirect investor capital (like pension funds and insurance) from actually high performing and profitable companies.
[1]: https://www.wsj.com/articles/sam-bankman-fried-esg-truth-tel...