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Matt Walsh has laid out an explanation in this hour-long video (rumble.com) that posits what amounts to extortion being at the root of InBev's move. InBev may be choosing the lesser harm of a consumer boycott in order to avoid the greater harm of being labeled "transphobic" by groups such as the Human Rights Campaign, which then would lead to poor ESG ratings and, because of that, diminished access to capital from massive fund managers like BlackRock. Dan Bongino offered a similar explanation on his syndicated radio program Wednesday.

> Matt Walsh has laid out an explanation in [this hour-long video](https://rumble.com/v2gmmt4-bud-light-nike-and-jack-daniels-bow-before-the-lgbt-altar-ep.-1144.html) that posits what amounts to extortion being at the root of InBev's move. InBev may be choosing the lesser harm of a consumer boycott in order to avoid the greater harm of being labeled "transphobic" by groups such as the Human Rights Campaign, which then would lead to poor ESG ratings and, because of that, diminished access to capital from massive fund managers like BlackRock. Dan Bongino offered a similar explanation on his syndicated radio program Wednesday.

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