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Wednesday, May 12, 2021

Dems’ bill would be ‘catastrophic’ for people of faith

Conservatives continue to speak out against the Equality Act, a controversial piece of legislation that opponents argue is not only deceptively named and antithetical to religious freedom, but also would be detrimental to women’s equality, privacy, and safety.

Tuesday, May 11, 2021

Many ESG Funds Are Just Expensive S&P 500 Indexers

Want to align the core of your investment strategy with climate-change values? Or build a sustainable equity portfolio for the long-term by focusing on environmental, social and governance goals? A variety of ESG exchange-traded funds have made these and other promises. But as the table below shows, they mostly hold the same large capitalization technology stocks as the S&P 500 Index, represented in the top row by a popular ETF with a miniscule 0.03% expense ratio, in similar weights.

Saturday, May 8, 2021

We the People: S2, E8 – Stephen Soukup

On this episode of We the People, Stephen Soukup, author of The Dictatorship of Woke Capital: How Political Correctness Captured Big Business discusses the left’s gradual takeover of corporate America and why the free market hasn’t been able to prevent it, the dangerous impact of shareholder activism, and efforts to push back on it.

Saturday, May 8, 2021

Environmental, Social, and Governance Theory

The concept known environmental, social, and governance (ESG) theory has a long history of similar, predecessor concepts both in academic literature and in the business world. For over a century, critics of the market economy, largely inspired by progressive political goals, have argued that for-profit corporations should not limit them- selves to seeking profits for their shareholders, but should engage—or be required to engage—in various sorts of activism to address social problems and concerns. This movement grew up alongside evolving expectations of social responsibility within the business community that motivated many managers and executives to provide a range of services voluntarily to employees and to their local communities.

Friday, May 7, 2021

Shareholder Activism: Woke Capitalism From The Inside

A new report made by and for activist shareholders provides a window into the world of woke financial pressure campaigns. Conservatives are rightly vexed by “woke capitalism,” exasperated at the ways in which big American corporations are increasingly weighing in on sociopolitical issues—invariably, it seems, in favor of the progressive left. Certainly, many businesses are under pressure to do so.