Recent Events in the US and Around the World Seem Likely to Sound the Death Knell for "Doux Commerce".

Even multinationals must now choose their block.

In America, it is safe to say that the world of responsible investment is being put to the test by societal debates. In Texas, the budget director wants to dissuade his pension funds from investing in socially responsible funds, accused of boycotting energy, a strategic sector for this state.

Asset managers are proposing anti-woke activism, or investing …