The Myth of Sustainable Capitalism

It's nice to imagine you can make money while saving the planet. A few years into the experiment, there's not much evidence for the idea.

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This subscribers-only column originally appeared in The New Republic.

Read enough financial news these days and you’ll see a lot of stories about “ESG investing,” which stands for “environmental, social, and governance.” The trend is meant to encourage, broadly, socially responsible and environmentally friendly investing, rather than…