Capitalist Punishment
How Wall Street Is Using Your Money to Create a Country You Didn't Vote For
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Narrated by:
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Timothy Andrés Pabon
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By:
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Vivek Ramaswamy
About this listen
A 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.
©2023 Vivek Ramaswamy (P)2023 HarperCollins PublishersWhat listeners say about Capitalist Punishment
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- Monsegu
- 21-11-24
Essential to understand ESG and DEI
About ESG. Insist because I believe it is the biggest a scandal and it is very dangerous for our society.
Big corporations use ESG (Environmental, Social, and Governance) to push their policies onto:
• Multinational companies
• Neoliberal governments
Economically: They defund traditional energy production, driving up costs, while heavily investing in the green transition, which delivers them higher returns.
Socially: ESG pressures company boards and governments to implement inclusion and affirmative action policies, with DEI (Diversity, Equity, and Inclusion) as a key mechanism.
How do they enforce this? By controlling the major ESG rating agencies. AND Access to funding depends on compliance with ESG standards.
It’s absurd because our governments should be in charge of the economic and social policies not the big finance
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