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

A Wall Street cartel has secretly taken over the American economy by accumulating more money than Jeff Bezos, Elon Musk, Andrew Carnegie, and John Rockefeller combined through "passive funds." They use this power to force governments and businesses to adopt their political agenda, resulting in negative consequences for the economy. This book exposes the largest fiduciary breaches, antitrust abuses, and First Amendment violations of the twenty-first century, which pose a threat to democratic self-governance.

Format: Hardback
Length: 240 pages
Publication date: 25 May 2023
Publisher: HarperCollins Publishers Inc

The American economy has been covertly taken over by a Wall Street cartel, which is coercing governments and businesses to submit to their political agenda using your money. Three Wall Street firms have secretly accumulated more wealth than Jeff Bezos, Elon Musk, Andrew Carnegie, and John Rockefeller combined, but the money is not theirs. Through "passive funds," these asset managers have amassed enormous power, as most investors no longer trust anyone to pick stocks reliably. However, the Big Three have arrogated themselves the authority to choose the correct social policies instead.

The consequences of this power grab are far-reaching and detrimental to the economy. As entrepreneur Vivek Ramaswamy reveals, these firms force US companies to adopt "racial equity audits" and "emissions caps," while supporting human rights atrocities in China. They coerce Western companies to reduce oil production while shifting production to dirtier regions like Russia. They allow companies like FTX to take victory laps for 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 essentially identical to lower-fee index funds.

Worst of all, these firms are celebrated as heroes, at least for the time being. Capitalist Punishment exposes the largest fiduciary breaches, antitrust abuses, and First Amendment violations of the twenty-first century, which are happening right under our noses. This is not just a threat to capitalism; it is a threat to democratic self-governance itself. Capitalist Punishment is an accessible and informative educational guide for everyone involved in financial markets, which, surprisingly, includes nearly everyone in America.

Weight: 361g
Dimension: 229 x 152 x 20 (mm)
ISBN-13: 9780063337756