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151. The ESG scam with Vivek Ramaswamy

The Bitcoin Standard Podcast

CHAPTER

Stakeholder Capitalism and ESG

There is a moral distinction between deciding that you don't want to go to the racist barber versus coming out with a bullhorn in front of the barbershop. What's effectively happened is a really small group of agents, I wouldn't even call them market actors,. BlackRock, State Street, Vanguard. These firms are using other people's money to advocate for political and social viewpoints on corporate America's boardrooms. That's a fiduciary breach at the heart of stakeholder capitalism itself.

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