A Tyranny for the Good of its Victims: The Ugly Truth about Stakeholder Capitalism

(Hardback)

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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 sheeps 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.

Author Bio

Andrew F. Puzder is an author, speaker, political commentator, attorney and retired chief executive officer. For 17 years he served as the CEO of CKE Restaurants, Inc., an international corporation which owns popular restaurant chains Carl's Jr. and Hardee's. Puzder became CEO in 2000 and led the company out of serious financial difficulties. Puzder is a Distinguished Fellow at the Heritage Foundation and a Senior Fellow at Pepperdine University's School of Public Policy, and the America First Policy Institute. He is also a member of the Reagan Institute's National Leadership Council and Reaganomics Lecturer. He serves on the Advisory Boards of the State Financial Officers Foundation, Washington University's School of Law, and Prager University. Puzder is a frequent lecturer on economics and politics. He is a sought-after commentator on economic and political issues in national publications and a regular guest on cable news shows.