News Release
Biden Veto Means ESG Investment Rule Means Politicized Investing for Pensions
President Biden today vetoed a resolution passed by Congress that would have stopped a Labor Department rule on ESG investing. Specifically, the rule, “Prudence and…
Blog
Free the Economy Episode 12: Consumer Welfare and Big Government with Patrick Hedger
This week we talk about the drama with Silicon Valley Bank and the proposal from Wayne Crews for an Abuse-of-Crisis Prevention Act, how…
Blog
Congress, Please Reform the Consumer Financial Protection Bureau
My Competitive Enterprise Institute (CEI) colleague Devin Watkins recently testified on Capitol Hill before the House Financial Services Subcommittee on Financial Institutions and Monetary…
National Review
Vetoing Financial Security
Blog
Free the Economy Episode 11: True Diversity and Economic Opportunity with Patrice Onwuka
This week we talk about a warning from Wayne Crews and The Wall Street Journal on the burden of over-regulation, the policy…
Blog
Don’t Ban Technology of Tomorrow to Save Jobs of Yesterday
Recently in Episode 10 of the Free the Economy podcast we returned to one of our favorite topics, economic opportunity and jobs in…
Blog
House Financial Services Committee Leans on SEC’s Gensler for More Transparency
House Financial Services Committee Leans on SEC’s Gensler for More Transparency Republicans on the House Financial Services Committee and some allies in the Senate are…
Blog
Free the Economy Episode 10: Legalize Jobs with Shoshana Weissmann
Welcome back to the Free the Economy podcast. In this week’s episode we talk about Mercatus Center’s Michael Farren’s case for the…
Blog
Covid Lockdowns Did Not Improve Outcomes: Lessons from Florida and California
My Competitive Enterprise Institute colleague Dr. Joel Zinberg is the co-author of a new report, published by the Paragon Health Institute titled “Freedom Wins:…
Blog
We Won’t Need More Lithium for EVs if We Just Ban Cars (and the Suburbs) Instead
Seaver Wang of the Breakthrough Institute published a fascinating analysis recently on the need for more mining and resource development in order to fuel…
Blog
College-Educated Women Advance in Workforce
The Pew Research Center recently published some interesting data on women in the workforce. For the first time ever, women with college degrees have…
Blog
Bad Trade Policy Still Bottling up Baby Formula
Scott Lincicome and Gabriella Beaumont-Smith brought us an update last week on the infant formula pipeline problems we’ve been seeing for the last…
Blog
Free the Economy Episode 9: Unconstitutional Taxation with Dan Greenberg
Welcome back to the Free the Economy podcast. In this week’s episode we start by perusing National Review’s series on Adam Smith’s 300th…
Blog
Happy 300th Birthday, Adam Smith
Our friends at National Review have created a fascinating publication series to celebrate the 300th anniversary of the birth of Adam Smith, legendary…
Fee.org
The Real Race Revolutionaries: How Minority Entrepreneurship Can Overcome America’s Racial and Economic Divides
Alfredo Ortiz has a message for all of the progressive politicians and activists working to close the economic gap between white and non-white Americans: Please…
Blog
Shrinkflation, Slack-filling, and the Real Effects of Inflation
The Washington Post’s Laura Reiley recently raised an alarm, with a St. Valentine’s Day theme, on a consumer merchandising trend called “slack-filling.” She noted…
Blog
Free the Economy Episode 8: Crypto and ESG with Jennifer Schulp
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the cultural impact of Super Bowl ads,…
Ballotpedia
A look ahead at ESG in 2023
Blog
Are Americans Investing for Retirement or Politics?
Being able to save enough during our working lives to fund a comfortable retirement is a top concern for most American households, especially since…
National Review
House Republicans Can Make 2023 ESG’s Worst Year Yet
Blog
Free the Economy Episode 7: Economics for Everybody with Ryan Young
Welcome back to the Free the Economy podcast. In this week’s episode we talk about Adam Millsap’s proposal to encourage abundance with…
Blog
Busting the Myth of Overpopulation
Recently PragerU released a new video on “The Myth of Overpopulation,” featuring the Cato Institute’s Marian Tupy. Marian (also the editor of HumanProgress.org)…
Real Clear Investigations
The Left’s Little Financial Engine That Could (Change the World Radically)
Richard Morrison, senior fellow at the conservative Competitive Enterprise Institute, said Amalgamated can, at a minimum, “serve as an example for other managers and CEOs…
Blog
Free the Economy Episode 6: The Cultural Impact of YouTube with Javier Hernandez
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the myth of overpopulation, the problem with…
Blog
Avoiding Passive Income Scams
Recently, on episode three of the Free the Economy podcast (about 5:30 in), we discussed the promise and perils of “passive income” investments. On…
Blog
Free the Economy Episode 5: Corporate Purpose and ESG with Russ Greene
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the economic and cultural impact of YouTube,…
Blog
Free the Economy Episode 4: Entrepreneurship and Equality with Alfredo Ortiz
Thanks to everyone for listening to and sharing the Competitive Enterprise Institute’s new podcast, Free the Economy. If you like the show, please leave…
Discourse
A Successful Abundance Agenda Must Address Americans’ Anxieties
f you flip through the pages or click on the website of any policy-minded publication these days, chances are you’ll come upon a discussion of…
Blog
Free the Economy Episode 3: Washington’s 10,000 Commandments
Thanks to everyone for listening to the first two episodes of the Competitive Enterprise Institute’s new podcast, Free the Economy. We’ve got more great…
Blog
Free the Economy Episode 2: Defending the American Dream
Thanks to everyone who listened to the inaugural episode of the new Competitive Enterprise Institute podcast Free the Economy in December. We covered stagnating wages,…
Blog
Free the Economy Episode 1: Deregulating Abundance
Free the Economy is a new podcast from the Competitive Enterprise Institute focused on how we all can become happier, healthier, and wealthier in a…
The American Spectator
What Do Americans Really Think of ‘ESG’ Investing?
Investing to promote environmental, social, and governance (ESG) outcomes — rather than to just maximize profit — became the hot topic in finance this year…
Blog
Living in Capitalism: The Fat of the Land
Some of capitalism’s critics like to depict a market economy as a ruthless system in which making a living and paying expenses is inherently (or…
National Review
ESG Isn’t Going Away Anytime Soon
While the “Red Wave” never emerged in this November’s midterm elections, the issues that have riled up conservative voters the most in the past two years…
Blog
New Angles on Finance and Faith
I recently had the pleasure of making my way down to Lynchburg, Virginia, to the campus of Liberty University to attend the Networking the…
Law & Liberty
Capitalism’s Cure for Economic Sins
Philosopher and business ethics expert James Otteson of the University of Notre Dame wants to save you from the error of your ways, and by…
National Review
American Corporations Haven’t Changed. Economists Have
We are at an odd point in American political history, where the traditional conflict between right and left has mutated into a fight between centralization and…
Blog
Seizing the Ecomodernist Moment
I recently had the good fortune to attend Ecomodernism 2022, a conference hosted in northern Virginia by the Breakthrough Institute. The theme was “Deregulating…
Blog
Jason Feifer on Managing Change in Life and Society
I recently wrote a review of Build for Tomorrow, the new book from Entrepreneur magazine editor-in-chief Jason Feifer. The book is a…
Foundation for Economic Education
How to Stop Panicking and Embrace the Future: A Pep Talk From Entrepreneur Magazine’s Editor
Entrepreneur magazine editor-in-chief Jason Feifer is challenging you to change. According to him, in fact, you don’t really have a choice—change is all around you, and…
Blog
No, We Don’t Need Federal Licenses for Big Tech
In the wake of congressional testimony by former Twitter security chief Peiter Zatko, Sen. Lindsey Graham (R-SC) has suggested that he will partner with…
National Review
ESG’s Midlife Crisis
For the last several years, much of the corporate world has, to a greater or lesser degree, adapted to the demands imposed by “environmental, social, and…
Blog
SEC Attempts to Regulate Indefinable “ESG” Topics
Today is the filing deadline for public comments on a new Securities and Exchange Commission (SEC) proposed rule titled “Investment Company Names.” This proposal…
Comment
CEI Comment on SEC ‘Investment Company Names’ Rule
Introduction The Competitive Enterprise Institute (CEI) is pleased to have the opportunity to comment on the Securities and Exchange Commission’s (SEC) current notice of proposed…
Blog
Net Zero, Joe Manchin, and High Energy Prices
This morning National Review published my article expressing skepticism that the advance of “net-zero” climate policy is inevitable (or even likely). It was written…
National Review
No, Net Zero Is Not ‘Inevitable’ — It Might Not Even Be Likely
When it comes to debates over energy policy and climate change, environmental activists have long enjoyed one massive advantage. It’s not any moral, economic, or…
Law & Liberty
Zero Impact’s Grim Cost
Philosopher and energy expert Alex Epstein sets himself two goals in his new book, Fossil Future—one significantly more difficult than the…
National Review
Playing Both Ends of the Field on Climate Risk
Blog
SEC Climate Rule a Bad Deal for Investors
This Securities and Exchange Commission proposed a new rule on climate change and corporate disclosure earlier this year, and today marks the end…
Letters
Coalition Opposes SEC’s Proposed Rule: Enhancement and Standardization of Climate-Related Disclosures for Investor
Vanessa Countryman, Secretary Securities and Exchange Commission 100 F Street NE Washington, DC 20549-0609 The undersigned individuals and organizations strongly oppose the Securities and Exchange…
Comment
CEI Comments to SEC on Proposed Climate-Related Disclosures Rule
Comment letter submitted by the Competitive Enterprise Institute, et al. June 2022 In the matter of the proposed rule “The Enhancement and Standardization of Climate-Related…
Think
The tired corporate critique of Pride Month misses the point
More than 50 years after the famous Stonewall riots, the only Pride Month tradition more predictable than big city parades in June are the perennial complaints about…
American Banker
Financed emissions are banks’ latest climate-change challenge
American Banker cites CEI Senior Fellow Richard Morrison on financed emissions: Shareholders are already deciding whether companies should disclose more information about their emissions, often…
News Release
SEC Climate Disclosure Mandate Exceeds Agency’s Statutory Authority, Raises Constitutional Concerns
WASHINGTON—The Securities and Exchange Commission’s (SEC) plan to mandate companies disclose energy use and planning for climate change-related financial risks lacks authorization from Congress, infringes…
Study
The SEC’s Costly Power Grab
The concept known as environmental, social, and governance (ESG) investing has gained an increasingly high profile in recent years, with advocates producing a large volume…
RealClearInvestigations
It’s Conservative David vs. the Woke Corporate Green Giant
RealClearInvestigations cites CEI Senior Fellow Richard Morrison on woke capitalism: Among those fueling the backlash against “woke capital” or “stakeholder capitalism,” Soukup counts entrepreneur-turned-author and…
Blog
Environmental and Social Factors in Investing too Vague for Legal Definitions
Recently, Securities and Exchange Commission (SEC) chairman Gary Gensler released a video explaining his concerns about investment products that market themselves using terms like…
Finger Lakes Times
Commentary: Diversity training is unpopular because it doesn’t work (but companies could change that)
Diversity is one of the hottest topics in corporate management today. And while corporate managers have been implementing diversity initiatives since at least the 1960s,…
Real Clear Policy
SEC’s Gensler Wants to Regulate Green Funds, But Definitions Are Elusive
In a recently released video, Securities and Exchange Commission (SEC) chairman Gary Gensler explains his concerns about investment products that market themselves as…
Blog
Protecting Pensions from Politicized Mismanagement
Recently the American Legislative Exchange Council (ALEC), an organization of state legislators from across the country, unveiled model legislation aimed at protecting the retirement…
New York Post
Ex-McDonald’s CEO Ed Rensi: Companies Have ‘No Business’ Being in Politics
The New York Post cites Senior Fellow Richard Morrison on companies and environmental, social, and governance standards: “Time and again, US companies…
Ballotpedia
Economy and Society: State pension funds draw scrutiny for ESG
Ballotpedia cites Senior Fellow Richard Morrison’s blog post “Bipartisan Policy Center Highlights Concerns with SEC Climate Disclosure Rule” discussing Bipartisan Policy Center (BPC)’s event:…
Blog
Members of Congress Push Back on SEC Climate Proposal
Skeptical members of Congress have begun weighing in on the Securities and Exchange Commission’s (SEC) recent climate disclosure proposal, and their objections are significant.
Ballotpedia
Economy and Society: SEC Disclosure Rule Continues to Attract Attention
Ballotpedia cites Senior Fellow Richard Morrison’s blog post “Bipartisan Policy Center Highlights Concerns with SEC Climate Disclosure Rule” discussing Bipartisan Policy Center (BPC)’s event:…
The Washington Times
Conservative Shareholders Target ‘Woke’ Corporate Board
The Washington Times cites Senior Fellow Richard Morrison on conservative activism: “Conservative activism is finally beginning to counterbalance progressive activism on issues…
Blog
Rep. Van Duyne Confronts Excesses of Climate Policy at SEC
Last week Rep. Beth Van Duyne (R-TX) and a dozen co-sponsors introduced the Stopping Excessive Climate Reporting Act (H.R.7355) to prevent the Securities and Exchange…
Blog
Bipartisan Policy Center Highlights Concerns with SEC Climate Disclosure Rule
This week the Bipartisan Policy Center (BPC) hosted an event titled “Corporations and Climate: Potential Impacts of the SEC’s Proposed New Rule” on an…
Blog
Recycle Your Work 2: Content Is All Around You
Earlier this week I wrote a blog post about recycling work—using the effort from one project to produce more output in another format. I…
Blog
D.C. Policy Strategy: Recycle Your Work for Maximum Impact
Last week I gave an informal presentation to a group of my colleagues about recycling—not the plastic and cardboard variety, but the work product kind.
National Review
Climate Change: The SEC Turns Up the Heat
The Securities and Exchange Commission (SEC) voted 3–1 this week to propose new rules by which public companies would be required to disclose…
Ballotpedia
Responses to the SEC’s Disclosure Rule Announcement
Ballotpedia cites Research Fellow Richard Morrison on how the Securities and Exchange Commission (SEC) has proposed new climate rules: Richard Morrison, a…
Citation
RADIO: Research Fellow Richard Morrison Joins Agriculture of America
Research Fellow Richard Morrison joins Agriculture of America to discuss recent SEC rule making on climate disclosures:…
Blog
Climate Overreach at the SEC: What Comes Next
The Securities and Exchange Commission (SEC) today voted to recommend new proposed rules by which public companies would be required to disclose additional information about…
News Release
SEC Climate Disclosure Rule Will Cause Big Problems, CEI Experts Predict
Today the Securities and Exchange Commission described a new rule it plans to impose concerning climate disclosure requirements that may affect even private companies as…
Real Clear Policy
Expect Big Pivot from SEC on Climate, ESG
The biggest decision the Securities and Exchange Commission (SEC) is likely to make this year will be on mandated disclosure of information related to climate…
Blog
New Climate Disclosure Rule Coming Soon from SEC
The Securities and Exchange Commission (SEC) will soon release a new proposed rule that will likely require climate change disclosures by public companies. Douglas MacMillan…
National Review
The ESG Backlash
The movement for environment, social, and governance (ESG) investing, after several years of headline-grabbing growth, is about to hit a wall of resistance. Conservatives have come…
The Washington Examiner
Biden Looks to Pressure Investors Away from Fossil Fuels Via Climate Disclosures
The Washington Examiner cites Research Fellow Richard Morrison on how companies deal with environmental, social, and governance standards: Richard Morrison, a research…
Law & Liberty
Climate Tyrants’ New Tactics
Chief Justice John Marshall’s observation, “[t]hat the power to tax involves the power to destroy,” has become part of American political lore.
News Release
CEI Welcomes Communications Expert to Center for Advancing Capitalism
The Competitive Enterprise Institute is pleased to welcome writer, communications expert, and political scientist Joshua Bandoch as a Research Fellow in its Center for…
Fee Stories
Where Have All the Capitalists Gone?
Economist Richard Salsman presents liberty advocates with a striking rhetorical question in the title of his most recent book. Are there really fewer capitalists than ever…
Blog
Comments on Department of Labor Pension ESG Rule
At the end of last year, the Department of Labor (DOL) published a notice of proposed rulemaking seeking to rewrite rules on pension fund…
Blog
Larry Fink and BlackRock Pulling Back on “Woke” Investing?
Larry Fink and his team at BlackRock seem to have heard the growing roar of opposition to politicized investing that is emerging in the United…
National Review
In Texas, ESG Virtue-Signaling Is a Risky Investment
As the old saying goes, it would take a heart of stone not to laugh. Large financial corporations are now being skewered in the Lone…
National Review
In Texas, ESG Virtue-Signaling Is a Risky Investment
The American Spectator
How ‘We’ Obscure the Truth About Policy
Blog
Which Classic Books Deserve a Retro Review in 2022?
Every year, there’s a tsunami of new books about economics, politics, and public policy that are full of hot takes and policy recommendations. In any…
Blog
Edmans, Soukup, and Devine: 2021 Book Review Roundup
We saw some great books on economics and politics published over the past year, and some excellent book reviews. Just this week, my colleague Ryan…
Blog
Review of Vivek Ramaswamy’s Woke, Inc.
Vivek Ramaswamy—pharmaceutical entrepreneur, son of immigrants, Yale Law grad, Hindu, and political conservative—is a capitalist with a lot of strong criticism for big business today.
Blog
The Challenges of ESG Investing in Space
Last month, I had the opportunity to participate in a panel discussion on the future of environmental, social, and governance (ESG) investing in the…
E&E News
Support Builds for Reversing Trump’s Limits on ESG Investing
E&E News cites Research Fellow Richard Morrison’s DOL letter on pension funds and ESG investing: To be sure, there will be detractors. Conservative and industry…
Blog
Can Pensions Be Saved from Political Mismanagement?
The Department of Labor is currently working on a new rule that would give pension fund managers greater leeway in considering non-financial criteria when…
National Review
How ESG Advocates Want to Redefine Your Retirement
Economic policy is changing fast in Washington, and your retirement account may soon experience the whiplash. One of the best policies enacted by the previous administration…
Comment
Comment on Proposed Rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights”
Assistant Secretary Khawar: Thank you for the opportunity to comment on the Employee Benefits Security Administration’s recently proposed rule on the Investment Duties regulation under…
Newsweek
The Shaky Case for Mandating Gender Diversity on Corporate Boards
It’s a good time to be a female business executive in America. The percentage of firms with female CEOs is rising, and a …
Blog
New Analysis on ESG Investing: Friedman, Edmans, and Materiality
At times it seems like public events on environmental, social, and governance (ESG) investing are a dime a dozen; some think tank, consulting firm, or…
Fortune
Business can’t rally around climate goals until politicians turn those goals into law
Advocates of environmental, social, and governance (ESG) investing seem to have good reason to be optimistic these days. Virtually every day, another…
National Review
Will the Energy Crisis Be ESG’s Great Reset?
When it comes to the world of environmental, social, and governance (ESG) investing, we’ve become used to Panglossian headlines about how every new development only …
Blog
Public Interest Groups Challenge Nasdaq Diversity Rule in Federal Court
Back in August, I wrote about the new board diversity requirements on Nasdaq-listed companies that had been approved by the Securities and Exchange…
Blog
Retro Review: The Social Responsibilities of Business (1970)
The Biblical book of Ecclesiastes reminds us that “there is no new thing under the sun.” Even centuries before the modern era, our ancestors…