000			03222cam a2200349 i 4500
001			on1362864450
003			OCoLC
005			20230426121330.0
008			230129s2023 nyu b 000 0 eng d
040			_aYDX _beng _erda _cYDX _dIG$ _dOCLCF _dZJI _dNFG
020			_a9780063337756 _q(hardcover)
020			_a0063337754 _q(hbk.)
035			_a(OCoLC)1362864450
043			_an-us---
092			_a330.122 _bR165
049			_aNFGA
100	1		_aRamaswamy, Vivek, _eauthor.
245	1	0	_aCapitalist punishment : _bhow Wall Street is using your money to create a country you didn't vote for / _cVivek Ramaswamy.
250			_aFirst edition.
264		1	_aNew York, NY : _bBroadside Books, _c2023.
300			_axix, 215 pages ; _c24 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references.
505	0		_aWhat is ESG? -- The biggest fiduciary breach in US History -- Does ESG make money? -- Terrible at picking stocks, great at picking laws -- No manager can serve two masters -- Too big to compete -- Government conscripts employees into ESG warfare -- The power of the presidential pen -- How ESG's efforts to save the world are hurting it -- Solutions.
520			_aA Wall Street cartel has quietly seized control of the American economy, and they are forcing governments and businesses to bow down to their political agenda--using your money to do it. Three Wall Street firms have quietly amassed more money than Jeff Bezos, Elon Musk, Andrew Carnegie, and John Rockefeller combined. But the money isn't even theirs. These asset managers have accumulated all their power through "passive funds," as most investors no longer believe anyone can reliably pick stocks. Yet the Big Three have decided that they can reliably pick the right social policies instead. As entrepreneur Vivek Ramaswamy reveals, the results are all bad--and working their way into every corner of the economy. They force US companies to adopt "racial equity audits" and "emissions caps" while supporting human rights atrocities in China. They coerce Western companies to produce less oil while shifting production to dirtier places like Russia. They allow companies like FTX to take victory laps on good management while collapsing like a house of cards. They charge high fees to mom-and-pop investors for so-called sustainable funds that are effectively identical to lower-fee index funds. Worst of all, they're celebrated as heroes--at least so far. Capitalist Punishment lifts the veil on the largest fiduciary breaches, antitrust abuses, and First Amendment violations of the twenty-first century, misdeeds that are hiding in plain sight. This isn't just a threat to capitalism. It's a threat to democratic self-governance itself. Capitalist Punishment is an easy-to-follow educational tour de force for every participant in financial markets--which, to the surprise of most Americans, includes nearly every single one of them.
650		0	_aCapitalism _zUnited States. _911993
651		0	_aUnited States _xEconomic policy _y2009- _9162716
651		0	_aUnited States _xPolitics and government _y2021-
994			_aC0 _bNFG
999			_c363785 _d363785