Don’t believe the cynics: Done right, stakeholder capitalism is what America needs

Critics of stakeholder capitalism and ESG—investing based on environmental, social, and governance metrics—have been out in force over the past few weeks, portraying them as empty marketing, as radical liberal activism, or as approaches antithetical to free enterprise and shareholder interests. Vivek Ramaswamy’s Woke, Inc. is now a bestseller, and a former BlackRock sustainable finance executive has labeled ESG “a dangerous placebo.” READ MORE