Notoriously, corporations that are Social Justice converged behave in ways that are not only evil, but self destructive, leading to loss of shareholder value.

It is difficult to objectively assess social justice convergence, but we can expect it to have a pretty good correlation with the company’s business model – a green energy company is going to be full of social justice warriors, and receive lots of investment from fund managers who are trying to earn brownie points from the government, rather than brownie points from investors, whereas a gun company is probably trying to make good money by making good guns.

“Watts Up With That” recently did a ten year comparison of such companies, and found that over ten years, holiness investing lost nearly all your money, while sinfulness investing doubled your money.

Twelve years ago, holiness investing consisted largely in investing in providing mortgages for single women, Hispanics, and blacks. And all that money disappeared also.

However, while holiness investing is terrible for investors, it works extremely well for management, as for example Jon Corzine, the world’s most regulated and regulating financier, who without informing his customers proceeded to use their funds to rescue Greece.

Jon Corzine’s customers were eventually paid back by burning JP Morgan, illustrating that when you do business with progs, someone gets burned. The short of it was that various financial entities who were improperly paid with money belonging to Jon Corzine’s customers had to give it back, so that they are out of the money, they got burned, yet somehow Jon Corzine is still smelling of roses.

Corporations that go left tend to disappear or get hollowed out, unless they have some kind of state protected monopoly.