Other People's Money (ePub)

At their core, ESG investing and woke capital are a rejection of our nation's founding principles and virtues and a serious threat to both our economic freedom and our personal liberty. In addition to being an attempt by the cultural Left to take over the last of the Western institutions of cultural transmission, woke capital is and always has been a tool to centralize power in the hands of corporate elites, enabling them to use the American private sector as the means to avoid the inconvenience and messiness of free elections and free markets.

Starting on January 20, 2021—the first day of the Biden presidency—woke capital began evolving in a different and more malignant way as well, creating an environment in which Big Government and Big Business could marry their power and impose their will on the nation and its people. No one elected any of these business overlords, yet massive Asset Managers are now working with the Federal government's Wilsonian bureaucratic elites at a host of agencies to create the “woke-industrial complex,” and to turn corporations into vehicles for social change rather than generators of prosperity.

The centralizing tendency of democratic institutions and, in turn, the bowdlerizing propensity of centralization have combined to threaten much of what makes the United States and its strain of free-market capitalism unique and powerful.