“… the doctrine of ‘social responsibility’ involves the acceptance of the socialist view that political mechanisms, not market mechanisms, are the appropriate way to determine the allocation of scarce resources to alternative uses.” (- Milton Friedman, 1970)

Lisa Sachs, director of the Columbia Center for Sustainable Investment, is all-in with climate alarmism and forced energy transformation. No debate allowed about fundamental premises, despite my best efforts to persuade her otherwise.

Today, she is tangled up in the subjectivity and contradictions of “socially responsible” investing. Business is the process of winning profits and avoiding losses, with distractions such as “socially responsible” minimized. Yes, ethical norms should be respected, as Milton Friedman clearly stated in his seminal essay, “The Social Responsibility of Business is to Increase its Profits.” But business is not government or a charity.…