Capitalist Punishment, Vivek Ramaswamy
Capitalist Punishment, Vivek Ramaswamy
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Capitalist Punishment
How Wall Street Is Using Your Money to Create a Country You Didn't Vote For

Author: Vivek Ramaswamy

Narrator: Timothy Andrés Pabon

Unabridged: 7 hr

Format: Digital Audiobook Download

Published: 04/25/2023


Synopsis

A Wall Street cartel has quietly seized control of the American economy, and they are forcing governments and businesses to bow down to their political agenda—using your money to do it.Three Wall Street firms have quietly amassed more money than Jeff Bezos, Elon Musk, Andrew Carnegie, and John Rockefeller combined. But the money isn’t even theirs. These asset managers have accumulated all their power through “passive funds,” as most investors no longer believe anyone can reliably pick stocks. Yet the Big Three have decided that they can reliably pick the right social policies instead.As entrepreneur Vivek Ramaswamy reveals, the results are all bad—and working their way into every corner of the economy. They force US companies to adopt “racial equity audits” and “emissions caps” while supporting human rights atrocities in China. They coerce Western companies to produce less oil while shifting production to dirtier places like Russia. They allow companies like FTX to take victory laps on good management while collapsing like a house of cards. They charge high fees to mom-and-pop investors for so-called sustainable funds that are effectively identical to lower-fee index funds.Worst of all, they’re celebrated as heroes—at least so far. Capitalist Punishment lifts the veil on the largest fiduciary breaches, antitrust abuses, and First Amendment violations of the twenty-first century, misdeeds that are hiding in plain sight. This isn’t just a threat to capitalism. It’s a threat to democratic self-governance itself. Capitalist Punishment is an easy-to-follow educational tour de force for every participant in financial markets—which, to the surprise of most Americans, includes nearly every single one of them.

About Vivek Ramaswamy

In 2022, Vivek Ramaswamy co-founded Strive Asset Management, whose mission is to refocus companies on excellence over politics and restore the voices of everyday citizens in capital markets. A first-generation American who grew up in Ohio, he graduated summa cum laude from Harvard College in 2007. Mr. Ramaswamy attended Yale Law School while serving as a hedge fund manager and received his JD in 2013. He is the New York Times bestselling author of Woke, Inc. and Nation of Victims, and an entrepreneur who has founded multiple successful enterprises. Roivant Sciences, a biopharmaceutical company he founded and helmed as CEO for seven years, has conducted successful clinical trials that led to FDA-approved products in multiple disease areas.


Reviews

Goodreads review by Damian on April 29, 2023

While it's not the easiest read for someone like myself who doesn't know much about the financial industry's inner workings, Capitalist Punishment is nonetheless an accessible, concise, and thorough work that covers what ESG and stakeholder capitalism is, who the major players are, and how it is bei......more

Goodreads review by David on May 01, 2023

ESG (Environment, Sustainability, Governance) is a scam, says Vivek Ramaswamy. Of course it is. That is self-evident. But in Capitalist Punishment, he claims that ESG is the biggest swindle of all time. That takes some serious explaining. The purpose of ESG is to give companies and institutions rati......more

Goodreads review by Ronald on July 03, 2023

If you are a skeptic of the ESG movement—and I am—this book will arm you with excellent, empirically grounded—by law and economics—evidence that this movement is more hype than substance. Vivek’s first book, Woke, Inc., was an excellent beginning, but this book takes the criticisms to a new level. T......more

Goodreads review by Alex on August 03, 2023

The WEF likes to carry on endlessly about environmental social governance or better known as ESG. Large companies and the major funds managers are falling over backwards to try and gain a high ESG score. What is ESG and is it a scam? Vivek tells us it is a giant scam that masquerades as a better way of......more

Goodreads review by Mathew on November 07, 2023

You can also read this review on my blog [URL not allowed]-punis... So, this book has its ups and downs. It started off strong. About half-way through I wasn't feeling it, but pushed through. By the end I was satisfied with the book, but I'm not overly enthusiastic about getting other p......more