Description

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 agendausing 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 isnt 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 badand 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, theyre celebrated as heroesat 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 isnt just a threat to capitalism. Its a threat to democratic self-governance itself. Capitalist Punishment is an easy-to-follow educational tour de force for every participant in financial marketswhich, to the surprise of most Americans, includes nearly every single one of them.

Author: Vivek Ramaswamy
Binding Type: Hardcover
Publisher: Broadside Books
Published: 04/25/2023
Pages: 240
Weight: 0.79lbs
Size: 9.30h x 6.33w x 0.89d
ISBN: 9780063337756
Language: English