A Tyranny for the Good of its Victims

A Tyranny for the Good of its Victims

The Ugly Truth about Stakeholder Capitalism

Over the last 35 years, asset manager mega-giants BlackRock, State Street, and Vanguard have accumulated unprecedented levels of stock ownership in virtually every major U.S. company. Voting the shares they hold for clients allows these companies to force their own “environmental, social, and governance” or “ESG” agenda on the American corporate sector and, by extension, […]
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