The Destructive Power of ESG with Yaron Brook
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Alex Epstein interviews Yaron Brook about the origins, rise, and unprecedented power of today’s anti-fossil fuel ESG movement in investing. They cover: - Larry Fink’s latest influential letter - The shareholder value theory of the purpose of a corporation - What’s wrong with the “stakeholder value” theory of the purpose of a corporation - How government coercion increases the power of the ESG movement - How the culture gives the ESG movement most of its power - What companies can do to fight back against the anti-fossil fuel ESG movement? Yaron Brook is a former finance professor, an investor, Executive Chairman of the Ayn Rand Institute, and host of The Yaron Brook Show.
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