4 Comments
User's avatar
Pony Wisdom's avatar

When Australia's "e-Safety Commissioner" (read: chief censor) Julie Inman Grant was summoned by the US Congress, her reply was that "I’m answerable to the communications minister here and to the Australian parliament, and not to the US Congress:"

https://reclaimthenet.org/us-congress-summons-australias-censor

Yet she is suing social media company X for not having deleted certain content globally, i.e. not only for Australian, but also for American users. The latter is of course a flagrant violation of the First Amendment.

Here we have yet another foreign entity that thinks that its own laws apply on US soil, but American laws do not. The US cannot tolerate such behaviour and it is up to the State Department to take action. Such action needs to be swift and drastic.

Expand full comment
Pony Wisdom's avatar

Responding to pressure from their own corporations, as well as several national governments, the EU parliament has now voted to "scale back" the ESG mandate cloaked as "sustainability due diligence." It will now only apply to corporations with revenue over 1.5 billion EUR:

https://www.theepochtimes.com/world/eu-votes-to-scale-back-corporate-sustainability-rules-5944153?ea_src=frontpage&ea_med=section-2

This is not enough. There are many US corporations with revenue over 1.5 billion that are active in the EU. According to CSDDD, they will be mandated to implement ESG nonsense themselves. But they will also have to do "sustainability due diligence" to their suppliers and contractors, which means in plain terms to not do business with them unless they also implement ESG baloney. Therefore, even in its reduced form, many US corporations will be affected and will need to waste resources on ESG malarkey. Diplomacy has to continue until CSRD and CSDDD are rescinded integrally.

Expand full comment
Pyrrho of Elis's avatar

As a former executive in a C-suite position in a public company, I can attest to the fact that these reporting obligations accomplish nothing but waste corporate resources and make companies less efficient and less responsive to their customers ...

Expand full comment
Pony Wisdom's avatar

It is amusing to observe how the European Union is bent on abolishing necessities, while mandating nonsense. Due diligence is not needed to convict unwelcome opinions as "hate," but "due process" is needed to make sure that only woke corporations can stay in business. Reality inverted. But there are many reasons to be hopeful. The Zeitgeist is moving away from whatever resorts under the umbrella of "woke" very fast and in those places where woke laws have been passed, they will most likely be very short-lived. As to the European Union, they may well soon convert their moral bankruptcy into financial bankruptcy.

Expand full comment