ESG and stakeholder capitalism: A necessary deconstruction
The battle to save shareholder capitalism can be won. These three books help bring that victory closer.
The battle to save shareholder capitalism can be won. These three books help bring that victory closer.
CFACT's Peter Murphy published a repoert at REal Clear Energy: “The U.S. will increasingly emulate the Chinese mode of ‘authoritarian capitalism’ with fewer limits to government power and reduced economic freedom.
Brazil, Mexico, and Argentina are all in an ideal position to make a transition to a capitalistic economy and they must not wait for things to get worse.
Manipulating private sector capital formation for social or Green objectives is a powerful tool that is far more likely to bring economic harm than planetary health.
Suddenly, a great miracle happened! Beginning around 1800, health, prosperity and life expectancy began to climb … slowly but inexorably at first, then more rapidly and dramatically. Today, the average American lives longer, healthier and better than even royalty did a mere century ago. How did this happen? What was suddenly present that had been absent before, to cause this incredible transformation?
The NYT has outdone itself, with what has got to be the nuttiest alarmist opinion piece that I have ever seen. The title sort of says it all -- "The Climate Crisis? It’s Capitalism, Stupid."
Not only has capitalism lifted more people out of poverty than any system ever implemented in the history of civilization, but in so doing, it has done more to protect the environment than any socialist or communist initiative.
There has been no clearer comparison between capitalism and socialism than the two Germanys that were created at the end of World War II -- socialist/communist East Germany, under Soviet hegemony, and capitalist West Germany, with strong ties to Western Europe and the United States. Clearly, West Germany's capitalist system produced better results for its people -- and only recently have East Germans begun to prosper after many years of freedom.
Collectivism is based on faulty principles
The Margarita Declaration is an extremely sour note in the history of the United Nations -- declaring that the only way to protect the climate is to destroy the capitalist system. The world of course would have to be led by a massive central governing body -- the UN itself, of course!