A Tyranny for the Good of Its Victims : The Ugly Truth about Stakeholder Capitalism / Andrew F Puzder; [forward by Art Laffer.]

Format:

Book

Author/Creator:

Puzder, Andrew F., author.

Language:

English

Subjects (All):

Capitalism--Social aspects.

Capitalism.

Social responsibility of business.

Free trade.

Corporate governance.

Physical Description:

1 online resource (289 pages)

Edition:

First American edition.

Place of Publication:

New York ; London : Encounter Books, 2024.

Summary:

A Tyranny for the Good of its Victims exposes how massive financial firms are employing so-called Stakeholder Capitalism to advance a collectivist "ESG" agenda shrouded in a thin veneer of post-modern morality and collective responsibility. By investing other peoples' money, asset manager mega-giants BlackRock, State Street and Vanguard have accumulated unprecedented levels of stock ownership in virtually every major US company. Because they vote the shares they hold for others, this massive share ownership empowers them to force their "environmental, social and governance" or "ESG" agenda on the American corporate sector and, by extension, on all of us. Although their traditional duty is to maximize returns for their investor/clients, these financial elites rely on so-called "Stakeholder Capitalism" to expand their duties and impose their preferred ESG goals under the guise of benefitting an amorphous group of non-investors. This elitist dominated economic system is nothing more than Socialism in sheep's clothing and ESG defines its champagne socialist agenda - an agenda only the rich could afford that would devastate the poor and impoverish working- and middle-classes globally. In the face of rising opposition to this 21st century collectivist threat, these financial elites are now endeavoring to change the names they use to conceal their intent, abandoning the acronym "ESG" but not its goals as they endeavor to transform our consumer driven free market economy to one that is subject to their elitist demands, overriding the will of the people who they deem incapable of governing themselves.

Contents:

Introduction

Power Too Intoxicating to Resist

Corporate Governance

Social Injustice

The Environment, as a Tool

The War on Profit

An Economic Miracle

The Resistance

The Pressure Intensifies

Their Words May Change, Their Policies Do Not

This Is Not Over-but There Is Hope

Conclusion.

Notes:

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9781641774154

1641774169

9781641774161

OCLC:

1481799521